In 2025, Vietnam’s real estate project market is more vibrant than ever as a series of housing, urban, commercial and resort projects are launched. However, behind this strong growth lie major concerns related to legal compliance, transfer eligibility, fundraising requirements and real value. In this context, real estate project valuation becomes an essential step to help investors, banks and businesses ensure safety, transparency and sustainable profitability.
What is a real estate project? Overview of the 2025 market
A real estate project refers to a development plan for residential areas, commercial districts, housing complexes or resort properties approved by the State authority according to planning regulations.
Common types include housing projects, urban development zones, land plots, office towers, industrial parks and resort developments.
In 2025, the market continues strong growth in Hanoi and Ho Chi Minh City – the two leading hubs for real estate development. Hanoi is expanding towards the eastern area, while Ho Chi Minh City accelerates its innovation metropolitan zone (Thu Duc). Additionally, provinces such as Binh Duong, Dong Nai and Ba Ria – Vung Tau are attracting large-scale projects thanks to infrastructure expansion and investment incentives.
However, alongside the potential lie risks related to legal compliance, implementation progress and financing capability. This is why real estate project valuation serves as a “safety filter” to determine real market value and minimize financial risks for investors.
Legal framework of real estate projects: The foundation of safe investment
Legal compliance determines whether a project can be transferred, financed or officially launched. Under the 2023 Law on Real Estate Business and the 2024 Land Law, every project must secure:
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Investment decision and 1/500 detailed planning approval
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Certificate of land use rights
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Construction permit
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Environmental impact assessment
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Proof of completed financial obligations
Investors must thoroughly verify the legal status of the proposed project to avoid illegal developments or projects not eligible for sale. An
Project transfer requirements: When is transfer permitted?
A real estate project may be legally transferred only when it meets the following criteria:
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Approved investment decision and 1/500 planning approval
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The project is dispute-free and not subject to revocation or suspension
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The investor has lawful land use rights
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All land-related financial obligations are fully completed
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A clear valuation report is available to determine the transfer value
Under the Investment Law 2020 and amended Real Estate Business Law, all project transfer transactions must be approved by competent authorities. Project valuation helps determine fair market value, prevent asset loss and ensure transparency in negotiations.
In recent years, the market has witnessed a growing trend of investors selling unfinished or delayed projects to restructure capital – an opportunity for financially strong buyers, provided they understand the project’s true value.
Conditions for capital mobilization & sales launching
Conditions for capital mobilization
Before launching sales, investors typically seek capital from buyers or partners. Legal requirements include:
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Construction permit or confirmed completion of financial obligations
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Collateral or project mortgage if required by the bank
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Transparent public disclosure of sales contracts, buyer rights and payment schedule
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Maintenance fund or bank guarantee for buyer protection
Conditions for launching sales
To legally launch sales, developers must secure:
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Valid construction permit or approved investment
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Completed basic infrastructure or certified implementation plan
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Public disclosure of project details (location, size, amenities, progress)
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Bank guarantee or maintenance fund for customer protection
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Compliance with real estate advertising and trading regulations
Meeting legal requirements not only ensures compliance but also enhances investor credibility and accelerates buyer confidence.
Project mortgage – An effective financing mechanism
Mortgaging a real estate project is a common method of obtaining financing from banks or strategic partners. Developers may use land use rights or assets formed in the future as collateral.
However, mortgage approval requires:
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Certificate of land use rights
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Dispute-free and unenforced property
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A professional valuation report verifying collateral value
Banks often request periodic revaluation to manage credit risk. Therefore, choosing a reputable valuation provider is essential to accelerate loan approval and ensure accurate collateral assessment.
Investment hotspots: Hanoi & Ho Chi Minh City real estate projects
Hanoi projects
Due to limited land in central districts, development continues to expand toward suburban areas such as Gia Lam, Dong Anh, Ha Dong and Soc Son. Investors are attracted by connectivity, metro plans and regional planning potential.
Ho Chi Minh City projects
Ho Chi Minh City remains the primary economic center. New real estate developments concentrate in the East (Thu Duc, Nhon Trach) and areas connected to Long An and Binh Duong. Despite higher prices, growth potential remains strong if legal compliance and location fundamentals align.
Experts predict that 2025 will mark a breakthrough for mid–high-end real estate projects, driving significant demand for valuation services to ensure transparency for sales, transfers, financing and mortgage requirements.
Hoang Quan Appraisal – Comprehensive project valuation solutions
In a highly competitive real estate market, accurate project valuation is the key to effective investment decisions, transparent financing and optimized profitability. With more than 23 years of experience, Hoang Quan Appraisal is a trusted partner for developers, banks and financial institutions nationwide.
We provide comprehensive project valuation services including:
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Valuation of development investments and project transfers
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Valuation of land use rights, buildings, infrastructure and assets attached to land
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Total investment analysis, financial efficiency, enterprise value and brand valuation
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Valuation for lending, transfer, equitization, capital contribution, M&A, restructuring, fundraising and financial capability certification
With a team of certified appraisers, internationally standardized procedures and an updated market pricing database, Hoang Quan Appraisal ensures fast – accurate – fully confidential reporting.
Choosing Hoang Quan Appraisal is a strategic step that empowers confident investment decisions, financing approvals and long-term development planning. Contact us today for tailored valuation solutions for your project.
Hoang Quan Appraisal Co., Ltd.
Address: Hoang Quan Appraisal System
Phone: 0934.252.707
Email: contact@sunvalue.vn
Facebook: Hoang Quan Appraisal
Website: hqa.com.vn
Conclusion
A real estate project only truly holds value when it is accurately valued and legally, financially and development-wise transparent. Whether you are a developer, investor or financial institution, project valuation is a critical step to protect capital, optimize profitability and support strategic investment decisions.
Hoang Quan Appraisal proudly accompanies thousands of clients nationwide in creating real value – strengthening transparency, trust and sustainable development in Vietnam’s real estate market.
