Property

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.

Northern Hai Phong city is expected to open 15 new industrial parks in the future, so is paying significant attention to building housing for workers. The city has recently granted investment certificates to two projects to build worker housing in the Dinh Vu Industrial Park at the Dinh Vu - Cat Hai Economic Zone, to accommodate 10,000 people.

The Prime Minister has approved the task of general planning to build the Ninh Chu national tourist area in south-central Ninh Thuan province to 2045. It will be a national tourist area, with a focus on tourism activities and exploiting diverse marine values and ecological landscape values. The planning area is about 12,200 ha, of which land covers 10,200 ha and the sea 2,000 ha.

Central Quang Binh province plans to use nearly 89,000 sq m for a multi-functional area including a beachfront, a resort, and a mixed-use area for shopping, services, and hotels, with a capacity of catering to 5,000 people. It aims to welcome 2 million tourists this year.