Property

Southern Binh Duong province is one of the most attractive real estate markets in the south, boasting strong economic development, infrastructure, and industry, which appeals to real estate developers and investors. These investors are focusing on land plots and townhouses in the area.

Binh Chau commune in southern Ba Ria-Vung Tau province is becoming an attractive destination for resort real estate investors from the north. It boasts favorable conditions for the development of tourism and resorts and is considered a favorable location for large real estate projects.

A recent survey from Vietnam Report on the prospects for the real estate market shows growth in most segments. The industrial real estate, land plot, and housing segment has the strongest growth potential, at about 11-20 per cent. The high-end and luxury segments also have a basis for high development in the near future, as the number of super-wealthy people in Vietnam continues to increase rapidly.

Although many real estate projects in Ho Chi Minh City are stagnant due to legal issues or the impact of Covid-19, selling prices continue to head upwards. Over the past year, apartment prices have increased 27 per cent and land prices 42 per cent, or three times higher than in neighboring provinces.

The Hai Duong Provincial People’s Committee has decided to establish two new industrial clusters, including Tu Cuong industrial cluster on an area of 41.5 ha, and Tu Cuong - Chi Lang Bac industrial cluster on 75 ha. Tu Cuong - Chi Lang Bac is an ecological, green, clean, and synchronous industrial cluster in terms of technical infrastructure and meets environmental standards.

After reviewing an appraisal from the Provincial Land Price Appraisal Council, the Khanh Hoa Provincial People’s Committee has determined that due to adjusted land use fees and land rentals, the total additional amount the investor of The Lotus Cam Ranh project must pay is VND354 billion ($15.5 million).