High Expectations, Disappointing Reality

Hoa's family invested over VND8 billion in a 200-square-meter unit, lured by promises of river and lake views, an infinity pool, a premium playground, and a Babylon hanging garden. However, what they received was far from the luxurious lifestyle advertised.

The 'infinity pool' turned out to be a regular pool with ticket entry, the 'fully-equipped commercial center' was a small supermarket, and the 'five-star children's playground' was merely 30 square meters. The much-anticipated Babylon hanging garden was reduced to a few potted plants.

Safety Concerns and Legal Issues

Adding to their woes, the developer delayed establishing a management board. Residents were later informed that the road, soccer pitch, and tennis court were on borrowed land, posing potential reclamation risks. A metal fence was erected on the complex's main road, blocking the most accessible fire escape route, raising serious safety concerns.

Despite the abundance of 'high-end apartment' ads, a 2023 report by the Vietnam Law Committee revealed that only seven projects met the standards stipulated in the Housing Law. Many developers make lofty claims without delivering on quality.

Regulatory Standards and Consumer Awareness

According to Ministry of Construction regulations, a grade A apartment complex must meet at least 18 out of 20 criteria across four categories. However, many advertised 'premium' or 'luxury' apartments sell at premium prices without meeting these standards. Experts suggest that buyers should thoroughly research future development plans, verify project legal status, and understand the developer's after-sales policies.