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The tourist and resort real estate in Nha Trang is temporarily quiet. Photo: Internet.

Thanh Hoa real estate increased sharply

According to the Vietnam Real Estate Brokerage Association, in the north, in Hai Phong, in the first quarter of 2021, there was a scarcity of projects and newly launched products. The products offered for sale in the market were mainly inventory and low transaction volume.

The absorption was is low, apartment prices had no change compared to the end of 2020. Low-rise product lines have more excitement, prices increased by about 10%.

In the suburbs of the city, activities of buying and selling land among the people are active. The current price ranges from 8-15 million/m2. Compared to the end of 2020, the average price will increase by 60-70%.

In the central region, after the Tan Suu Lunar New Year, land prices in most localities in Thanh Hoa province increased dramatically, especially land plots near Thanh Hoa city, Sam Son city and other areas are planning large projects. The land prices in many localities of the province have increased by an average 50-60% compared to the end of 2020.

Currently, land prices in urban and coastal areas in Thanh Hoa fluctuate VND 12-15 million/m2, some places are more than VND 20 million /m2, two to three times higher than the market price of the same period last year and many times higher than the land price set by the State.

In Da Nang, this market is still concentrated mainly on subdivision land, in which the northwest - Lien Chieu, Hoa Xuan - Cam Le, East - Son Tra and south Da Nang are the places that favour this type.

For example, the northwest - Lien Chieu subdivision shows the slow occupancy rate, the price level is lower than other areas. In the south of Da Nang subdivision, real estate projects here develop along the Co Co River and major tourist areas, resorts, beaches, entertainment areas such as Cocobay, golf course the occupancy rate of people in projects is also low.

The east - Son Tra subdivision is the place with the most beautiful location and the greatest value in Da Nang. Currently, the price is stable, considered as a quite safe place for investors. The Hoa Xuan - Cam Le subdivision is a leading market for the area of ​​Da Nang - Quang Nam, having a beautiful location, near the centre, the price is quite suitable, so the speed of residential filling and price development is very fast.

No resort property transactions in Nha Trang

In Nha Trang - Khanh Hoa market, the Vietnam Real Estate Brokerage Association said the current legal problems are still in a phase of dismantling, the supply of real estate projects in Khanh Hoa continues to be interrupted and restrictions.

In the short term, the suburban and suburban land plots market is still an effective investment channel, especially areas in good planning and infrastructure or having a future development orientation.

In terms of price, mid-range apartments are priced at VND 20-25 million/m2 such as: VCN, Ha Quang, high-end apartments are priced at VND 45-75 million/m2 such as HUD 4 Nguyen Thien Thuat and Gold Coast.

In terms of land price, middle-class project land have prices from VND 18-25 million/m2 like Nam Vinh Hai, andMy Gia, while high-end land prices are from VND 40-60 million/m2 such as VCN and Ha Quang.

In Nha Trang, the tourism and resort real estate segment has been temporarily quiet with no transactions due to the impact of the Covid-19 pandemic and the adjustment of land origins of condotel projects in the first quarter.

It is expected that in the second quarter of 2021, Nha Trang will launch three large-scale apartment housing projects of Hung Thinh Group in An Vien urban area, The Aston Luxury Residence project of Danh Khoi Group and Imperium Town project Nha Trang of Dong Duong Nha Trang Construction Investment Joint Stock Company.

In Phu Quoc (Kien Giang province), in the first quarter, the real estate situation had many positive changes. Investors have come to explore investment opportunities, mainly focusing on finding urban land, owning long term, clear legal status and high profit potential.

The land price here is also increasing by 5-10% compared to 2020. The land price in the centre of Phu Quoc currently falls between VND 100 million and VND 400 million/m2.

When Phu Quoc became a city, investors were focusing their attention on the urban segment, the capital projects were being sold out loudly like Meyhome Capital; Sun Grand City New An Thoi; Sun Grand city Hillside Residence.