Property

Southern Binh Phuoc province will reclaim 26,300 ha of land next year to develop 954 projects serving national defense and security and socio-economic development. It will also change the land use purpose of 105 ha of rice and forestry land.

With a scarcity of land in its inner city and construction delayed by Covid-19, difficulties in licensing issues have negatively affected the supply of villas and townhouses in Hanoi. It is forecast that the market will continue to experience a shortfall, with the West being better placed thanks to advantages in infrastructure.

South-central Ninh Thuan province is calling for investment in 67 urban, tourism, and resort projects in the 2021-2025 period, including projects with a total investment of more than VND3.5 trillion ($152.2 million). The province aims to develop tourism into a spearhead economic sector.

With construction recently getting underway, the MT Eastmark City complex will become a new high-end urban area in the heart of Ho Chi Minh City’s Thu Duc City once completed in the third quarter of 2024. Including seven commercial apartment towers and three social housing areas providing nearly 2,600 diversified products such as apartments, office space, and shops, the complex will be a “bright” spot in the exciting development of Thu Duc City.

Vietnam’s real estate market as a whole has seen positive signs in the fourth quarter of the year, with the supply index and demand for land and apartments increasing handily. Demand for residential land in some localities rose nearly 200 per cent, and was even higher in Ho Chi Minh City.

North-central Thanh Hoa province is to build six industrial clusters on a total area of over 357 ha, with main industry groups including garments, bedding, textile carpets, medical equipment, paper, fashion, footwear, and interior design items. Industry has been identified as the number one driving force of the province’s future growth.