Each week we post a news flash with notable articles related to the real estate market in Vietnam. We asked our team to pick the top stories from the past month and we’ve tallied the results. Check out the headlines that made big news in our office below. Have any of the articles we’ve shared impacted you? Is there any important news we’ve missed? We’d love to hear from you!
Our CVR team is here to answer your questions at any time. Whether buying, selling, renting, or opening a business, contact us to talk about your real estate needs today.
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Content
- 2. New Urban Planning Promotes The Development Of Real Estate Along The Han River.
- 3. Agree On Solutions For Projects Whose Land Prices Have Not Yet Been Calculated.
- 4. The Solution To The Supply Of The Real Estate Market.
- 5. Da Nang Seeks Investors For A Series Of Projects In Hoa Vang.
6. Veteran Actor Robert De Niro Comes To Vietnam With The Two Co-founders of the Nobu Hospitality Project
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JUNE 2024 CENTRAL VIETNAM REAL ESTATE NEWS SUMMARY
1. Vietnam Real Estate Market Forecast: Rebound Expected In Q2 2025, High Demand For Land Plots And Villas.
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Real estate experts forecast that the Vietnam real estate market will rebound starting from Q2 2025, driven by investor confidence in the economy and rising yields. During this period, land plots and villas will be in high demand.
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From Q1 to Q3 2024, the real estate market is expected to reach an inflection point, as negative indicators start to subside and demand for real estate stops declining sharply. Apartment units, especially in Hanoi, will see a strong increase in search demand.
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Towards the end of 2024, the market will have more liquidity in products catering to genuine housing needs. Q1 2025 is expected to be a period of consolidation, when more favorable monetary factors will give an advantage to property types like detached houses and townhouses.
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Apartments remain the most sought-after and liquid property type, playing a crucial role in the overall recovery of the real estate market in Hanoi and Ho Chi Minh City.
The preference for secondary market properties is growing, with families being the core target group. The percentage of people wanting to purchase secondary market properties is expected to increase from 33% to 44% in 2024.
Source: cafef.vn
2. New Urban Planning Promotes The Development Of Real Estate Along The Han River.
In the world, many cities develop on the banks of rivers. Han River is also being focused on planning and investment by Da Nang city to become a highlight.
The Congress proceeded to consider and collect comments on the draft Resolution on urban governmental organization and piloting a number of specific mechanisms and policies to develop Da Nang city.
At the end of 2023, Da Nang authority also approved a zoning project along the Han River and the east bank, at a scale of 1/2,000, with the goal of “changing new clothes” for the river, creating urban highlights on both sides. From planning and strategic projects, the banks of the Han River have become areas that attract large investors to place high-end real estate projects. For example, the River of Light project connecting 5 bridges across the river has a budget of about 400 billion VND.
To comply with the planning, real estate projects along the Han River must be heavily invested and carefully calculated in terms of architecture, design, and development according to a modern population model. Customers of high-end real estate along the Han River, in addition to location, also have high requirements for amenities, services, landscape, and views, not just apartments to live in.
The city’s new plans will hopefully open up many investment, business, tourism, service and real estate opportunities in Da Nang.
Source: vtv.vn
3. Agree On Solutions For Projects Whose Land Prices Have Not Yet Been Calculated.
On June 26, Deputy Prime Minister Trần Hồng Hà chaired a meeting to review and finalize two draft decrees on land investigation and registration. Key updates include adopting advanced technology for land surveying, simplifying land use rights registration, and clarifying procedures for land-related disputes. A notable proposal is to extend the eligibility for deferring land use fees to all households and individuals.
Suggestions included detailing the land investigation and assessment process, connecting the national land database with the National Data Center, and outlining principles for land use fee exemptions. The meeting also discussed methods for land valuation for projects without predetermined land prices, and defined the principles for exempting and reducing land use fees to ensure consistency with investment laws.
Source: vietstock.vn
4. The Solution To The Supply Of The Vietnam Real Estate Market.
The real estate market is showing signs of recovery, driven by new laws aimed at improving housing supply. In the first half of the year, Ho Chi Minh City saw its lowest primary supply in a decade due to legal barriers. Business communities are eager for the new real estate laws to take effect to resolve these issues and boost investment.
Experts highlight that these laws will offer clear, transparent legal frameworks, benefiting homebuyers and ensuring a safer, sustainable market. The 2024 Land Law, in particular, will speed up compensation and land clearance processes, curb speculation, and reduce housing prices. However, the market’s recovery depends on the timely implementation of these laws by the National Assembly.
Source: laodong.vn
5. Da Nang Seeks Investors For A Series Of Projects In Hoa Vang.
During a recent conference, the Hoa Vang district People’s Committee in Da Nang highlighted several investment opportunities and projects. Key among these is the urban subdivision of the district capital, approved by Da Nang City’s People’s Committee, covering 229.1 hectares. This area aims to become the administrative and economic hub of the district, emphasizing commerce, high-tech agricultural services, and tourism.
The district is inviting investments in a planned 163-hectare area to integrate technical and social infrastructures. Significant projects include the Hòa Nhơn Industrial Cluster (24.75 hectares), Hòa Ninh Industrial Zone (400 hectares), and the Hòa Nhơn dry port-logistics center (20 hectares). Additionally, there are 74 large land plots with essential infrastructure ready for investors.
Hoa Vang, covering nearly 75% of Da Nang’s mainland, boasts abundant ecological resources, well-developed infrastructure, diverse tourism opportunities, and a plentiful labor force. The local leadership is committed to supporting and collaborating with investors to transform the area into a distinctive eco-urban area.
Source: cafef.vn
6. Veteran Actor Robert De Niro Comes To Vietnam With The Two Co-founders of the Nobu Hospitality Project.
On June 18, 2024, Nobu Matsuhisa, Robert De Niro, and Meir Teper, the renowned founders of Nobu Hospitality, visited Vietnam at the special invitation of real estate developer Bản Việt (VCRE). They participated in exclusive events with media and top experts in Ho Chi Minh City.
Vietnam is one of the few Asian countries visited by all three founders. The event highlighted natural exchanges between Henry Nguyễn, Chairman of Phoenix Holdings, and the Nobu founders, discussing the formation of Nobu, their collaboration with VCRE, and the potential growth of branded residences in Vietnam.
This visit underscores the strengthening Vietnam-U.S. business ties, particularly in the luxury real estate sector with projects like Nobu Danang and Nobu Ho Chi Minh City.
Source: elle.vn
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