Is the recent surge in Vietnamese real estate prices driven more by genuine demand or by speculative investment? I have a friend who bought an apartment in a new development in District 9 two years ago for 2.5 billion VND, and now similar units are listed at 3.8 billion—that's over a 50% increase, far outpacing wage growth. When price appreciation becomes the primary motive for buying, it creates a feedback loop that eventually prices out end-users. But maybe developers are just responding to real housing needs, and the market is correcting a past undervaluation. I'm genuinely torn because I'm saving for my own place, and every quarter the goalposts move further away.