Property

The Thanh Hoa Provincial People’s Committee has directed relevant departments to consider and continue implementing the previously delayed Dao Ngoc eco-resort and accommodation project at the Nghi Son Economic Zone. The project has an area of more than 20 ha, including a hotel, a restaurant, a bar, a golf course, a tennis court, and a swimming pool, with total investment of more than VND1.6 trillion ($70 million).

Central Quang Nam province has identified industrial development as a major orientation in its economic development. According to the master plan to 2030 and vision to 2045, the province will develop an additional 20,000 ha of industrial parks and clusters. Thirteen industrial parks are now operating in the province, posting export turnover of $800 million and employing 55,000 workers.

The real estate market in Vietnam’s central region will see many positive signs in 2022 as a number of key traffic projects are built and international flights are reopened. The potential of the local real estate market also stems from links with other regions and similarities in geography, tourism, and transport infrastructure, which create values, dynamism, and a new development force.

Central Thua Thien-Hue province has announced planning for an eco-urban area and coastal resort in Giang Hai and Vinh Hien communes in Phu Loc district, on 717 ha. The district aims to become a central sub-regional town, acting as a center for commerce, services, and tourism and a hub for the trade of goods between coastal areas.

New apartment supply in Da Nang this year is forecast at about 1,000-1,300 units, of which the focus will be on the luxury segment in the downtown area. The average price of luxury apartments stands at VND100 million ($4,400) per sq m. Supply of luxury apartments accounted for only 24 per cent of the total last year, while the Grade C segment led with 60 per cent.

When inflation rises, real estate prices generally do likewise. Analysts have warned, however, that there are times when inflation exceeds forecasts, and real estate prices not only don’t increase but actually decrease, the annual FiinGroup Invest Summit 2022 on February 25 heard.