**Vietnam’s Tourism Real Estate Market: A Sunny Outlook**
|
| (Illustration. Source: Vietnam+) |
Mr. Nguyen Van Dinh, Vice Chairman of the Vietnam Real Estate Association and Chairman of the Vietnam Real Estate Brokers Association (VARS), predicts a sunny outlook for the tourism real estate market. He forecasts a 70-80% increase in supply for 2025, mainly in the form of serviced apartments in key tourist areas, compared to 2024.
In an interview, Mr. Dinh shared his insights on the dynamic changes expected in the real estate market in the coming years. He attributes this positive forecast to the Vietnamese government’s strong focus on developing the tourism industry as a key driver of economic growth.
“The government’s commitment to promoting tourism as a leading sector will create opportunities for investors in tourism and hospitality real estate,” Mr. Dinh explained. He added that the resilience and determination of businesses to overcome challenges will also contribute to a significant increase in real estate supply this year.
Some large enterprises are already making significant investments in the tourism and hospitality real estate market. Mr. Dinh believes that in the near future, a vibrant tourism economy will present immense opportunities for the development of tourism real estate.
While acknowledging the current challenges in the tourism real estate market, Mr. Dinh also highlights the silver lining for investors. He points out that once the market fully recovers and thrives, similar to Singapore and Thailand, investing in tourism real estate will become more difficult due to soaring property values and limited opportunities to acquire such assets.
Mr. Nguyen Quoc Hung, Vice Chairman and General Secretary of the Vietnam Banks Association, shares a similar sentiment about the potential for growth in tourism real estate. However, he emphasizes that investors should approach this sector as a long-term investment.
According to VARS, there is still an oversupply of high-end tourism real estate in certain areas, which has not yet been utilized due to incomplete infrastructure and amenities. In 2025, the demand for tourism real estate is expected to improve as legal frameworks are enhanced and tourism and retail industries recover, especially for projects with clear operational plans.
Additionally, other factors are positively impacting the recovery of the tourism real estate market, including Vietnam’s growing economy, a significant increase in domestic and international tourism, and the government’s proactive measures to develop tourism as a key economic sector by 2030.
Regarding pricing, VARS research indicates that primary selling prices for tourism real estate remain high. It is projected that the prices of long-term vacation villas in key tourist areas will grow by approximately 15% annually due to stable rental income.
The Ministry of Construction’s report for the fourth quarter of 2024 showed that prices for tourism apartments and villas in most projects remained unchanged from the previous quarter. For example, shophouses and villas in the L’Aurora Phu Yen project were advertised at a price range of 69.4-101.9 million VND per square meter.
In Kien Giang, vacation villas and resorts in the Sonasea Villas & Resort project were offered at 30.1-76.6 million VND per square meter, while the Andochine Resort project had prices ranging from 46.5-78.2 million VND per square meter. In Da Nang, vacation villas and resorts in the Sun Symphony Residence project were priced at 55.5-115.6 million VND per square meter.
In Khanh Hoa, vacation villas and resorts in the Vinpearl Premium Golf Land project were advertised at a range of 21.9-53.96 million VND per square meter.
Hung Vo
– 18:21 12/02/2025
Proposed Mechanism for the Issuance of Time-Limited ‘Pink Slips’ for Condotel Units
The Ho Chi Minh City Real Estate Association has requested the Ministry of Construction to coordinate with the Ministry of Natural Resources and Environment to support local authorities in issuing ownership certificates for condotel apartments associated with land use rights (pink book), with a maximum duration of 50 years, to investors and customers.
“A Call for Doubling Down on Efforts: Aiming for 8% and Beyond”
Achieving a growth rate of 8% or higher in 2025 will pave the way for even higher growth rates in the following years, with aspirations to reach double digits, surpassing 10%. However, to attain this new growth target, it is imperative that all ministries, sectors, and local authorities demonstrate an even stronger resolve, doubling their efforts from previous years.
Accelerate and Surge Ahead in 2025: Kickstart Your Growth Trajectory
With a targeted economic growth rate of 8% or higher for 2025, the Prime Minister has called on ministries, sectors, and localities to demonstrate heightened determination, exert greater efforts, and take bold actions with a renewed sense of vigor and momentum from the very first day and month of the year 2025.
The Fragrant Pagoda’s New Beginning: Evading the Crowds and Hassles.
With several organizational and managerial improvements, the 2025 Perfume Pagoda Festival was a much more orderly affair. Gone were the days of chaotic congestion on Yen Stream and at Thien Tru Pagoda. The persistent issue of aggressive touting and harassment of visitors has also been eradicated, thanks to a well-managed and efficiently operated boat system. These changes have greatly enhanced the pilgrimage experience for all visitors.
“Rare Earth Elements Illegally Exported to China, Labeled as ‘Bao Khang Rice’”
Andy Lau, the notorious mastermind, instructed his cohorts to mix chemicals and additives, forming a milky white concoction. This toxic mixture was then carefully packaged in bags deceptively labeled as “Bao Khang Rice: Mom’s Home-Cooked Fluffy Rice.” The cunning use of a familiar, comforting label served as a disguise to conceal their illegal rare earth ore operation.
