

· The Vietnamese government has decentralized land administration, transferring key authority for first-time registration and dispute resolution from the district to the commune level.
· In the next 1-3 months, this should streamline procedures for landowners, potentially speeding up the process of obtaining "Red Books" (Land Use Right Certificates) and resolving local disputes.
· We advise landowners, especially those with incomplete historical documents, to proactively engage with their local commune authorities to understand the new, more accessible procedures.
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· The global branded residences market has demonstrated remarkable resilience with a recent $115 million property sale in Dubai.
· This signals strong, sustained demand from international ultra-wealthy buyers, which will likely increase competition for premium properties in emerging markets like Vietnam over the next quarter.
· Investors should seriously evaluate branded residential projects for their potential to retain value and attract high-net-worth tenants.
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