The real estate market near Long Thanh Airport remains a focus of attention as the airport pushes to meet its 2026 completion and operation deadline.
At a meeting on August 8th, Mr. Lai Xuan Thanh, Chairman of the Board of Directors of Vietnam Airlines Corporation (ACV), shared that the construction of the terminal will be completed before 2025, with the facade installation targeted for before March 2026. Concurrently, the contractor will begin installing equipment for trial operations from early 2026, aiming to put the terminal into operation before August 31, 2026. The Long Thanh Airport will welcome its first commercial flight on September 2, 2026.
In addition to ensuring the progress of the existing packages, ACV’s leadership proposed to the National Assembly to allow the construction of the second runway and the implementation of land leveling for the T3 terminal area to prevent “dust dispersion” when the airport is operational. Simultaneously, ACV hopes that the Ministry of Transport will soon implement the project to expand the Ho Chi Minh City – Long Thanh – Dau Giay expressway in the coming time.
Long Thanh Airport is expected to welcome its first commercial flight in early September 2026.
According to National Assembly Chairman Tran Thanh Man, the Long Thanh Airport project holds significant economic development value, as it will create 200,000 jobs inside and outside the airport area once operational. The investor and contractor need to continuously update the project’s progress to ensure synchronization and create linkages between components.
The Long Thanh International Airport project covers an area of 5,000 hectares and has a total expected investment of VND 336,630 billion. In the first phase, the airport will construct one runway, a passenger terminal, and auxiliary works with a capacity of 25 million passengers per year, expected to be completed by 2026. The second phase involves building another runway with an open configuration and a terminal to achieve a capacity of 50 million passengers per year. In the third phase, the airport will complete the remaining items to reach a capacity of 100 million passengers per year.
Recently, when interacting with real estate brokers in Long Thanh and Nhon Trach (Dong Nai), it was learned that since the end of 2023, there has been a quiet resurgence of interest in real estate hunting (including land and apartments) near the airport project. As the airport gradually takes shape, some investment groups are eager about their already-owned assets.
Meanwhile, new investors are also timing their entry into the market based on the airport’s progress. In addition to land, they are considering soft-priced apartments that can be rented or transferred to future customers, such as experts, engineers, and airport staff.
Investors are seeking opportunities in real estate near the airport, anticipating a potential surge in demand when it becomes operational in 2026. Photo: HV
Accordingly, as the Long Thanh Airport nears completion, investors are also making moves to “get ahead of the curve” in nearby projects. This is evident in the increased transaction activity among real estate brokers in Long Thanh, Nhon Trach, Cam My (Dong Nai), and Ba Ria – Vung Tau.
For instance, in TT Hiep Phuoc, Nhon Trach, the FIATO Airport City project by Thang Long Real Group, located on the frontage of Ton Duc Thang Street and close to the Long Thanh Airport and major industrial parks of Nhon Trach, is attracting significant market interest. Construction of this project has commenced, and it is expected to be completed by the time the Long Thanh Airport becomes operational. According to brokers, there has been a healthy demand for these apartments for both residential and long-term rental investment purposes.
Investors are targeting the future demand from airport employees, who will require housing or rental options. Hence, seeking real estate near the airport to anticipate future demand is the most noticeable trend in this phase. In addition to individual investors, real estate businesses are also tapping into this market by accelerating project progress and introducing their projects to the market, receiving positive responses.
However, according to investors and brokers, the impact on the Dong Nai real estate market at this point is not solely due to the Long Thanh Airport mega-project. Improved infrastructure connectivity, reasonable prices, and restored buyer confidence have collectively contributed to the market’s “accelerated pace.” Nonetheless, compared to nearby markets like Binh Duong and Ho Chi Minh City, Dong Nai’s real estate market is still in its early stages of development and requires additional catalysts to truly attract investors and establish a solid foothold in the new cycle of the property market.
