Last year land prices doubled in Nha Trang, according to the Vietnam Association of Realtors (Photo: vietnamnet.vn) HCM City (VNA) - Analysts expect thereal estate market, especially the residential land segment, to continue togrow solidly this year thanks to huge infrastructure works in many placesaround Vietnam accompanied by a raft of property developments.
A report from the Vietnam Association of Realtors(VARs) said land prices have increased rapidly in places like Nha Trang, VanDon district in Quang Ninh province, Phu Quoc island, and Da Nang.
Nha Trang was among the places with the highest growth rate, with pricesdoubling last year. The average price in the central districts is around 300million VND (13,500 USD) per square metre.
The city is among the hottest tourism destinations in the country.
Da Nang authorities invested heavily in infrastructure, hotels and resorts lastyear to serve the Asia- Pacific Economic Cooperation (APEC) meetings andsummits. This saw property prices and demand rise sharply, especially in LienChieu district.
A lot of major infrastructure works are ongoing in Lien Chieu, including aport, the Hai Van Tunnel No.2 and the Da Nang – Quang Ngai Highway.
Around 8,000 pieces of land were traded last year, according to the report. Theaverage price in the city hovers around 17 million VND (about 800 USD) persquare metre.
The situation is much the same in the Mekong Delta, where the signs for theproperty market are optimistic.
In Can Tho City, average prices rose by 30 percent last year. In Hung Phu district,prices skyrocketed from 3 million VND (140 USD) per square metre to 7 million -10 million VND.
Elsewhere in the delta, in provinces such as Long An, Vinh Long, Hau Giang, andAn Giang too, land prices have risen steadily thanks to major developments bybig developers like Vingroup, Sacomreal, Hoang Quan, and T&T group.
The land segment is booming in Phu Quoc island and Van Don district, which areexpected to become special economic zones and have thus attracted enormousinvestments in urban infrastructure.
The island is also rapidly turning into a tourist paradise and attracting a lotof investment in the sector. - VNA
A report from the Vietnam Association of Realtors(VARs) said land prices have increased rapidly in places like Nha Trang, VanDon district in Quang Ninh province, Phu Quoc island, and Da Nang.
Nha Trang was among the places with the highest growth rate, with pricesdoubling last year. The average price in the central districts is around 300million VND (13,500 USD) per square metre.
The city is among the hottest tourism destinations in the country.
Da Nang authorities invested heavily in infrastructure, hotels and resorts lastyear to serve the Asia- Pacific Economic Cooperation (APEC) meetings andsummits. This saw property prices and demand rise sharply, especially in LienChieu district.
A lot of major infrastructure works are ongoing in Lien Chieu, including aport, the Hai Van Tunnel No.2 and the Da Nang – Quang Ngai Highway.
Around 8,000 pieces of land were traded last year, according to the report. Theaverage price in the city hovers around 17 million VND (about 800 USD) persquare metre.
The situation is much the same in the Mekong Delta, where the signs for theproperty market are optimistic.
In Can Tho City, average prices rose by 30 percent last year. In Hung Phu district,prices skyrocketed from 3 million VND (140 USD) per square metre to 7 million -10 million VND.
Elsewhere in the delta, in provinces such as Long An, Vinh Long, Hau Giang, andAn Giang too, land prices have risen steadily thanks to major developments bybig developers like Vingroup, Sacomreal, Hoang Quan, and T&T group.
The land segment is booming in Phu Quoc island and Van Don district, which areexpected to become special economic zones and have thus attracted enormousinvestments in urban infrastructure.
The island is also rapidly turning into a tourist paradise and attracting a lotof investment in the sector. - VNA
VNA
