The Sun Avenue – Ho Chi Minh City
According to recent updates, collaborative efforts between Ho Chi Minh City authorities and businesses have begun to yield results. In 2025 alone, the issuance of property ownership certificates (pink books) was completed for 3,108 apartments across projects such as Sunrise Riverside, The Sun Avenue, Kingston, Sunrise North, Palm A1, and Garden Gate.
The completion of these procedures not only ends the prolonged situation where residents received their homes without established ownership rights but also enables them to access financial services related to their real estate assets.
Based on the outlined roadmap, in 2026, Ho Chi Minh City aims to process legal documents for approximately 7,464 remaining cases. Projects expected to be resolved during this phase include Lexington, Lucky Palace, Tropic Garden 1, Tresor, Rivergate, Golden Mansion, Lake View, and the remaining towers of the Sunrise Riverside complex.
Thus, by the end of 2025 and 2026, the legal rights of over 10,500 households in projects developed by Novaland will be fully addressed, marking a significant milestone in the city’s efforts to protect homebuyers’ interests.
Alongside the issuance of ownership certificates, progress in legal documentation to restart construction on stalled projects has shown positive signs. Notably, The Park Avenue project in Ward 15, District 11, has received construction permits for its main structure, with a scheduled groundbreaking in December 2025 after a long hiatus.
Current status of The Grand Manhattan (District 1) by Novaland
For central and eastern projects like The Grand Manhattan (District 1) and Victoria Village (Thu Duc City), major legal obstacles have been resolved. The Grand Manhattan is awaiting land price approval to finalize financial obligations, with construction expected to accelerate for handover to customers in 2027.
These legal advancements have a dual impact on homebuyers, businesses, and the broader market. For residents, legally recognized property ownership significantly enhances the real value of their real estate assets.
For Novaland, resolving legal bottlenecks in key projects expedites debt recovery, generates cash flow for restructuring, and supports new project development. More importantly, market confidence is strengthened as customers witness transparent processes with clear timelines.
On a broader scale, Ho Chi Minh City’s focus on resolving issues for large-scale projects increases land use revenue and alleviates long-standing complaints related to pink book issuance.
Amid a scarcity of legally completed housing in Ho Chi Minh City, the reintroduction of units from these projects is expected to ease localized price pressures. Experts predict that after the 2022–2024 freeze, the city’s real estate market will enter a genuine recovery phase in 2025–2026, driven by cleared legal pathways and aligned with the government’s sustainable urban development goals.
Prime Time to Own a Titled Townhouse in Ho Chi Minh City’s East Frontage Urban Area
Following the resounding success of its music festival series, which drew hundreds of attendees in early November 2025, Bcons City continues to dominate headlines across investment channels and forums. The spotlight now shines on its grand opening week of a 10,000m² shopping center and the exclusive adjacent townhouses, each boasting a rare, long-term pink book ownership.
Surprising Proposal from Ho Chi Minh City Tourism Department: Renting Apartments as Hotel Alternatives
The Ho Chi Minh City Department of Tourism, in its latest statement regarding the pilot program for short-term apartment rentals, has expressed concerns that this model may pose significant risks.
Upcoming Launch: $1.1 Billion Bridge Connecting VinGroup’s $10 Billion Can Gio Coastal Urban Area to Ho Chi Minh City Center Begins Construction in Less Than 2 Months
Upon completion, the Can Gio Bridge will reduce travel time from central Ho Chi Minh City to Vinhomes Green Paradise from over 2 hours to just 40-50 minutes.
Proposing Amendments to Resolution 98 to the National Assembly: Incorporating the Establishment of the Ho Chi Minh City Free Trade Zone
On the afternoon of December 3rd, as part of the 10th session agenda, the Government presented to the National Assembly a draft Resolution to amend and supplement certain provisions of Resolution No. 98/2023/QH15. This Resolution focuses on piloting specific mechanisms and policies for the development of Ho Chi Minh City. A key highlight of the draft is the addition of provisions for the establishment of the Ho Chi Minh City Free Trade Zone.
Fresh Produce Prices Rise in Ho Chi Minh City, Some as Low as 10,000 VND/kg
After a period of vegetable scarcity and price hikes in Ho Chi Minh City due to crop damage from floods in key supply regions, the city is now experiencing a resurgence in vegetable supply. Prices have dropped significantly, with some vegetables now available for as low as 10,000 VND per kilogram.
