Property

According to a CBRE report, the total supply of apartments in the center of Ho Chi Minh City during 2021 fell sharply compared to previous years, standing at 13,000. The lowest supply is seen in landed housing. High demand has pushed up the price of villas and houses in the city center.

The housing development program to 2030 in south-central Phu Yen province sets a target of, by 2025, the total housing area increasing by 10.3 million sq m. To achieve this goal, the province will set aside nearly 800 ha of land and seek over VND77 trillion ($3.3 billion) in capital.

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”.