Property

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.

Under the “Program to develop non-flammable construction materials in Vietnam to 2030”, which was recently approved by the government, such materials are to account for 35-40 per cent of all construction materials by 2025 and by 2030 be used in all projects with public investment capital.

The potential of Tan Son Nhat International Airport and surrounding areas in Ho Chi Minh City are yet to be fully exploited. Analysts believe it is necessary to include the airport’s urban area in the adjusted general planning for the city to 2040 and vision to 2060.

South-central Khanh Hoa province plans to build 51,275 houses with a total floor area of 5.3 million sq m in the 2021-2025 period, of which 4,146 will be social houses with a total floor area of 210,000 sq m. Capital of VND48.79 trillion ($2.14 billion) is required.

Real estate transactions in Vietnam have been constantly on the rise since before global inflation became an issue. Analysts believe that the upwards trend in real estate prices in the country stems from a supply-demand mismatch, with demand significant but supply limited, especially in central and prime locations in cities.