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Week 49/2024 – Central Vietnam Real Estate News Summary

In this weekly or sometimes bi-weekly news flash – CVR: Central Vietnam Realty will provide a choice of articles from mainly Vietnamese media sources related to the real estate market in Vietnam.
We will be focusing on issues related to Da Nang and Hoi An, while also looking at national news and their possible impact on Central Vietnam’s property market.
You will find a summary, a link to the source as well as CVR’s take on the article.

We believe that local knowledge is the key to making the best possible decision and that’s what we offer to all our clients.

“CVR: Western Management – Local Knowledge”

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   1. Will The Housing Price Increase In 2025?
   
   
   

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1. The assessment of real estate prices in 2025 from Mr. Phan Đình Phúc - CEO of Seenee indicates a positive outlook, as he predicts that real estate prices will begin to rise due to the implementation of new laws. He believes that 2025 will mark the beginning of a new cycle in the real estate market, with the enforcement of laws such as the Land Law, Business Law, and Housing Law, along with infrastructure development and housing policies being put into place.

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   Mr. Nguyễn Quốc Anh - Deputy General Director of PropertyGuru Vietnam also expresses optimism, predicting that from the second quarter of 2025, the real estate market will start to recover, showing many positive signs from investors. He emphasizes that market confidence is returning and investor sentiment is improving.

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   Mr. Quốc Anh's analysis indicates that from now until the end of the first quarter of 2025, the market may continue to consolidate, focusing on actual housing needs, with popular products being private houses and townhouses. Entering the second quarter of 2025, the market is expected to begin to flourish, especially in segments with high-profit potential such as land lots and project villas. By 2026, the market may stabilize, with prices and liquidity improving across various types of real estate.

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   In summary, both experts agree that 2025 will be a significant time for Vietnam's real estate market to undergo changes with many new policies and laws, promising recovery and growth.

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Source: cafebiz.vn

 

2. Studio Apartments Continue To Increase In Price Significantly.

 

The price of studio apartments is rising rapidly, indicating a strong demand or market trend pushing up their value.

 

A survey by Batdongsan.com.vn shows that at a residential project in Nam Tu Liem district, the price of studio apartments ranged from 800 million to 1.1 billion VND per unit in 2018. By May 2024, the price had increased to 1.6 to 1.8 billion VND per unit. As of now, the transaction price for studio apartments in this project has reached 2.1 to 2.2 billion VND per unit.

 

Studio apartment prices in Hanoi have surged significantly, driven by strong demand from both end-users and investors. Prices have increased by up to 40% in some areas over the past six months, with projects frequently selling out. Despite the overall cooling of the broader apartment market due to high prices, studio apartments remain attractive due to their smaller size, lower total cost, and quick liquidity. They appeal to young singles, small families, and investors seeking rental income through homestay or serviced apartment models. This segment continues to thrive, even as other segments experience slower growth.

 

For example of increasing price of studio in Danang: Studio in Fusion suites, owner bought in 2017 is 1.8 bil and now can sell for 2.3 bil.

 

Source: batdongsan.com.vn

 

3. Da Nang Reserves Nearly 80 Hectares Of Clean Land Waiting For Technology And Financial 'Eagles'.

 

Da Nang has allocated land and introduced tax and infrastructure policies to attract strategic investors, as stated by Vice Chairman Ho Ky Minh at the VTIS 2024 conference. The city offers 6 ha of beachfront land in Son Tra, 9.7 ha near Software Park 2, and plans to expand by 62 ha in the next decade.

 

Key sectors include semiconductors, AI, finance, tourism, logistics, and IT. Startups and professionals in AI and semiconductors enjoy tax exemptions for five years, with additional support for project selection and training. The city invested 1,400 billion VND in Software Park 2, attracting global companies, with its first building operational in January 2025. By 2050, Da Nang aims to be a regional financial, tech, and tourism hub.

 

Source: vnexpress.net

 

4. The Resort Urban Area Worth Nearly 44 Trillion VND In Da Nang Is Expected To Begin Operations In 2029.

 

The Vinpearl-invested Vân Village tourism and resort urban complex in Da Nang is expected to begin operations in 2029, after a 5-year development period. The project, covering over 512 hectares near the Hai Van Pass, will include more than 4,500 villas and townhouses, 2,100 social housing units, as well as commercial areas, schools, parks, and healthcare facilities, supporting a population of around 19,000. The total investment is approximately 44 trillion VND, with nearly 6.6 trillion VND in equity.

 

The development is planned to be completed in phases, with preparation work in the first two years, followed by construction from 2027 to 2029. Key features include a vibrant port city in the southwest with luxury housing and services, a Caribbean-style tropical beach resort in the southeast, and a range of low-density residential areas linked to eco-tourism. The project aims to become a major eco-tourism destination, blending low-density living with natural conservation.

 

Da Nang, a key tourist hub in central Vietnam, has seen strong growth in its real estate market, particularly in resort villas, apartments, and land plots. Despite market difficulties last year, property prices in Da Nang have continued to rise, with new apartment prices increasing by 15-20% in the second quarter of the year.

 

Source: vnexpress.net

 

5. Real Estate Developers Release "Reserved Inventory" Amid Year-End Demand.

 

As year-end demand for apartments surges, developers in Ho Chi Minh City are actively releasing their long-held inventory at competitive prices. Projects such as Lavida+ in District 7 and Akari in Binh Tan are offering units ranging from 35 to 55 million VND/m², attracting both homebuyers and investors. Banks provide favorable loan terms, including interest-free periods, to ease financial barriers for buyers.

 

Experts note growing market confidence, with more projects launching and developers adopting flexible strategies like restructuring and reactivating stalled developments. Third-quarter data for 2024 shows a 39.7% increase in industry employment and a notable rise in transactions, signaling a shift from defensive to proactive market behavior.

 

Industry leaders predict a steady absorption rate of 35%-40%, with secondary market prices expected to rise by 10%-15%. The year-end period presents lucrative opportunities for both buyers and brokers, supported by improved supply and attractive financing options.

 

Source: cafef.vn

 

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