Property

Many analysts told the “Identifying new factors in the office rental market” seminar organized by VnEconomy that demand for office space rentals by information technology, securities, and insurance businesses will increase in the first quarter of 2022. Floor space of over 1,000 sq m in central Hanoi is always attractive.

The number of transactions and the supply of real estate in 2021 reached only 84 per cent of the figures in 2020. The Ministry of Construction (MoC) has set a target for 2022 of construction value increasing 4.96-5.56 per cent with a national urbanization rate of 41.5-42 per cent.

With a high urbanization rate, it is expected that Phu Quoc Island will see a “revolution” in expanding and modernizing its urban area. Vietnam’s first island city will not only be a unique, high quality tourism center in the future but also an economic - financial center in the region.

With an area of 550 sq km, a vast natural forest, abundant minerals, and substantial potential in tourism, the coastal district of Cam Lam in south-central Khanh Hoa province is to become an “internationally-connected modern, eco airport urban area”.

The coefficient for land price adjustments in Ho Chi Minh City and neighboring Dong Nai province in 2022 will be the same as in 2021. This will therefore be the fourth year in Ho Chi Minh City and the second in Dong Nai that the coefficient has not changed.

The real estate market in northern Quang Ninh province in general and in Ha Long city in particular is becoming more and more attractive to investors, with many expressing interest in hilltop resort projects. The land fund on hilltops is, however, gradually narrowing, bringing down supply in such areas.