Business

Apartment retail market booms in Nha Trang

The apartment retail segment in Nha Trang city in central Khanh Hoa province is growing in both supply and attention, reported Savills Vietnam real estate service provider.
Apartment retail market booms in Nha Trang ảnh 1Apartment retail market booms in Nha Trang. (Photo: VNA)

The apartment retail segment in Nha Trang city in central Khanh Hoa province is growing in both supply and attention, reported Savills Vietnam real estate service provider.

According to a recent report by Savills, 60 percent of the city’s stock was developed as studios or one-bedroom units sized from 32 – 50 square metres while two bedrooms account for about 36 percent.

Three new projects are now available for sale, adding more than 1,150 units during the first half of 2015 and bringing the city’s total apartment supply up to 3,550 units from 11 projects. Six of these projects have sold at least 60 percent of their capacity.

Projects in Loc Tho ward performed the best with 65 percent sold despite the average selling price of 48 million VND (2,134 USD) per square metre. Buyers were mostly foreigners and Vietnamese nationals from Ho Chi Minh City and Hanoi, the firm said.

The property market in Nha Trang has become more attractive to foreigners since the amended Housing Law permits them to have a 50-year lease tenure for residential units, Savills explained.

Furthermore, tourism in the coastal resort city with its year-round sunshine has been successful over the past five years with annual expenditures growing by 20 percent and an annual arrival growth rate of 18 percent.-VNA

VNA
#Nha Trang #apartment retail #Savills Vietnam #amended Housing Law Khanh Hoa
Follow VietnamPlus

Related News

Government allays property bubble fears

Government allays property bubble fears

The pick-up of the property market has triggered bubble fears, but State management agencies said the market would be closely watched to prevent it from happening again.
Illustrative image (Source: VNA)

Economic recovery, new laws prop up property market

A steady economic growth rate, the new Property Business Law and the revised Housing Law, which took effect on July 1, are encouraging the recovery of the property market which has suffered a long period of downturns.
Investment climbs in property sector

Investment climbs in property sector

Investment inflows into the property sector has surged, especially credit from banks, said Nguyen Tran Nam, former Deputy Minister of Construction and Chairman of the Vietnam Real Estate Association.
Property sales survive ‘ghost month’

Property sales survive ‘ghost month’

Despite local taboos associated with buying houses in the seventh month of the lunar calendar, property transactions have not seen the usual lull this year.

See more

Vice Chairman of the Ho Chi Minh City People’s Committee Hoang Nguyen Dinh delivers remarks at the working luncheon themed “Vietnam International Financial Centre in Ho Chi Minh City (VIFC-HCMC) – Vision and Investment Opportunities”. (Photo: VNA)

Ho Chi Minh City strengthens global engagement at WEF Davos 2026

Vice Chairman of the Ho Chi Minh City People’s Committee Hoang Nguyen Dinh presented the city’s strategic vision, policy orientation and development priorities for building a modern, transparent and globally connected finance – technology ecosystem, with science – technology, data, artificial intelligence and fintech identified as core pillars.

The VSS reported that total accumulated reserves across the social, health, and unemployment insurance funds now top 1.5 quadrillion VND. (Illustrative photo: VNA)

VSS pledges tighter fund management, diversified investments

The VSS will also impose stricter financial discipline in fund management, while pursuing broader diversification of investment portfolios, as guided by the principle of “safety, sustainability, and efficiency”. This approach aims to secure strong liquidity for prompt benefit payouts and support growth in Vietnam’s capital markets and overall economy.

The ceremony unveiling AFT Connect portal (Photo: nhandan.vn)

AFT Connect portal links Vietnamese clean food producers

The platform is expected to serve as shared digital backbone enabling stakeholders in the clean food sector to gradually digitise, standardise, and publicly disclose information, ultimately aiding the fight against unsafe products and protecting consumer interests.

A Vietcombank employee guides a client in biometric process (Photo: qdnd.vn)

Vietnam's biometric surge powers digital banking overhaul

As the Party identified breakthroughs in science – technology and innovation as a key driver of national progress, the mastery and adoption of biometric technologies must go hand in hand with safeguarding public trust, data security, and citizens’ interests, all aligned with the people-first philosophy guiding the country's digital agenda.

A spring fair kicks off in the central Da Nang city on January 22, 2026 (Photo: VNA)

Da Nang 2026 spring fair features 200 booths

The fair features a diverse range of products and services, focusing on items for Tet such as food and beverages, regional specialties, OCOP products, and rural and industrial goods; fashion, footwear, cosmetics, and sports equipment; health care products and beauty services; household items, interior and exterior décor, and handicrafts; as well as equipment, technology, and services in sectors like electronics, automobiles, and telecommunications.

The Ministry of Finance is working to establish a mechanism for regular and ongoing dialogue with international credit rating agencies, including Fitch, Moody’s and S&P. (Illustrative image: VNA)

Fitch Ratings upgrades Vietnam’s senior secured long-term debt rating to BBB-

The rating for Vietnam’s secured long-term debt was raised to BBB-, equivalent to investment grade, one notch higher than the country’s long-term foreign-currency rating on unsecured debt, which remains at BB+. The upgrade followed Fitch’s review under its revised Sovereign Rating Criteria issued in last September, said the Ministry of Finance.

A view of the site where the Ninh Thuan 1 Nuclear Power Plant is located in Phuoc Dinh commune, Khanh Hoa province (Photo: VNA)

Nuclear experts urge century-long commitment at 14th Party Congress

VietNuc’s executive board, including Chairman Bui Nguyen Hoang from the Électricité de France SA (EDF) (EDF), Ung Quoc Hung from Setec Nucléaire Group, and Vu Minh Ngoc from French National Radioactive Waste Management Agency Andra, hoped that the Congress would refine mechanisms and policies to better tap OV nuclear talents.

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, speaks at the seminar (Photo: VNA)

Indonesia ready to cooperate with Vietnam in halal sector

Ahmad Haikal Hasan, Head of the Halal Product Assurance Organising Agency (BPJPH) of Indonesia, described Vietnam as a “potential supplier” of halal products with the capacity to play a larger role in the market, particularly in the fast-moving consumer goods (FMCG) sector. He revealed a plan to visit Vietnam next week to discuss the country’s progress in the global halal industry.