What is the average price per sqm in Quang Ninh?

Authored by the expert who managed and guided the team behind the Vietnam Property Pack

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Who is the author of this content?

BAMBOOROUTES

A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Quang Ninh. If you'd like to learn more about us, you can check our presentation page.

How this content was created 🔎📝

At BambooRoutes, we explore the Vietnamese real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers in cities like Ha Long, Van Don, and Cam Pha. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

These observations are originally based on what we've learned through these conversations and our observations. But it was not enough. To back them up, we also needed to rely on trusted resources

We prioritize accuracy and authority. Trends lacking solid data or expert validation were excluded.

Trustworthiness is central to our work. Every source and citation is clearly listed, ensuring transparency. A writing AI-powered tool was used solely to refine readability and engagement.

To make the information accessible, our team designed custom infographics that clarify key points. We hope you will like them! All illustrations and media were created in-house and added manually.

What's the current average price per square meter in Quang Ninh?

As of September 2025, the average price per square meter in Quang Ninh varies significantly by location and property type.

Standard apartments in mainstream developments typically cost 30-45 million VND per square meter ($1,200-$1,800). This represents the baseline for modern residential properties in the province.

Premium apartments in prime locations like central Ha Long City and Van Don Special Economic Zone command much higher prices at 50-70 million VND per square meter ($2,000-$2,800). These properties benefit from superior locations, modern amenities, and strong infrastructure.

The median sales price across all property types currently sits at 50.4 million VND per square meter, indicating that Quang Ninh has positioned itself as a premium market within Vietnam's real estate landscape.

How does the price vary between different property types, like apartments, houses, and villas?

Property prices in Quang Ninh show clear differentiation based on type and positioning within the market.

Apartments form the most standardized segment, with mainstream developments clustering at 30-45 million VND per square meter. However, luxury apartment projects in prime Ha Long and Van Don locations reach 50-70 million VND per square meter.

Houses present a less standardized pricing structure, often overlapping with apartment prices but generally offering more affordability per square meter in less central districts. Properties in emerging or rural districts can be found at 15-30 million VND per square meter or less, depending on amenities and construction quality.

Villas represent the premium segment, with luxury coastal or urban villas regularly surpassing 60-70 million VND per square meter in the best locations. Large properties with unique views or those part of branded resort developments can command even higher premiums.

It's something we develop in our Vietnam property pack.

Which areas in Quang Ninh are the most expensive, which ones are up-and-coming, and which are more budget-friendly?

Quang Ninh's property market shows distinct geographical pricing patterns reflecting development levels and infrastructure quality.

Area Category	Locations	Price Range (VND/m²)	Investment Profile
Most Expensive	Ha Long City, Van Don	50-70 million	Established luxury, tourism hub
Premium Coastal	Bai Chay, Ha Long Marina	45-60+ million	High rental yields, waterfront
Up-and-Coming	Hoanh Bo, Quang Yen	20-35 million	Infrastructure development, growth potential
Emerging Industrial	Dong Trieu, Cam Pha	15-40 million	Industrial growth, worker demand
Budget-Friendly	Tien Yen, Uong Bi outskirts	15-30 million	Rural, early development stage

How do prices differ between city centers, coastal zones, and more rural districts?

Location significantly impacts property prices in Quang Ninh, with clear premiums for central and coastal positions.

City centers in Ha Long and Van Don represent the most expensive segment, featuring luxury and branded developments with dense rental and resale markets. These areas benefit from complete infrastructure, services, and connectivity.

Coastal zones like Bai Chay and Ha Long Marina command high premiums for ocean views and tourism proximity. These locations offer strong rental yields due to vacation rental demand, though supply remains limited, supporting price growth.

Industrial and logistics growth zones including Quang Yen, Dong Trieu, and Cam Pha show increasing prices while remaining more affordable. These areas benefit from employment growth and improving infrastructure.

Rural districts such as Tien Yen and Uong Bi outskirts offer the lowest prices but hold potential for long-term growth as infrastructure development reaches these areas.

What are some real example purchase prices for typical properties in different areas?

Current market transactions in Quang Ninh provide concrete examples of actual purchase prices across different property segments.

Property Type	Size (m²)	Total Price (VND)	Price per m² (VND)	Location
Studio Apartment	35-45	1.1-1.6 billion	25-33 million	Central Ha Long
2BR Apartment	60-80	1.8-2.3 billion	25-32 million	Ha Long suburbs
Budget Apartment	64	1.1 billion	17.1 million	Green Bay Garden
4BR Villa	300	10 billion	33.3 million	Central Ha Long
Prime Hotel Land	230	46 billion	199 million	Premium tourism zone

What is the average surface size people usually buy, and how does price per sqm change depending on the size?

Property size preferences in Quang Ninh follow typical patterns for Vietnam's growing middle-class market.

The average surface size most buyers choose in new projects ranges from 50-80 square meters for apartments and 120-240 square meters for houses and villas. These sizes reflect the balance between affordability and space requirements for Vietnamese families.

Generally, larger homes like villas command higher total prices but lower price per square meter in average locations. However, luxury, small-supply units in top zones can be exceptions where price per square meter remains high regardless of size.

Smaller apartments in prime locations often achieve higher per-square-meter rates due to scarcity and convenience factors, particularly in central Ha Long and Van Don where land availability is limited.

What's the total cost of purchasing, including fees, taxes, and additional charges?

The total cost of purchasing property in Quang Ninh extends significantly beyond the listed property price due to various fees and taxes.

1. **VAT:** 10% applies to new build/primary market purchases2. **Maintenance (sinking fund):** 2% of purchase value for apartment developments3. **Registration Fee:** 0.5% of property value for legal registration4. **Agency/transaction fees:** 1-3% typically when using real estate agents5. **Transfer tax (when reselling):** 2% income tax on total value, with potential revision to 1%

These additional costs total 13-15% above the listed property value, meaning buyers should budget accordingly when calculating their total investment requirement.

It's something we develop in our Vietnam property pack.

How much would financing through a mortgage change the real cost of buying?

Mortgage financing significantly impacts the effective cost of property ownership in Quang Ninh through interest payments and lending requirements.

Home loan rates currently range from 5.3-7.2% per year as of 2024-2025, representing the lowest rates in recent years. These competitive rates reflect Vietnam's monetary policy aimed at supporting real estate market recovery.

Local banks typically offer loan-to-value ratios of 60-75%, meaning buyers must provide 25-40% as down payment. The interest paid over the loan term substantially increases the effective cost compared to cash purchases.

For example, a 70% mortgage on a 3 billion VND property at 6.5% interest over 20 years would result in total interest payments of approximately 1.8 billion VND, nearly doubling the effective purchase cost.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Vietnam versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.

If someone wants to live there, which areas and property types make the most sense?

For residents seeking to live in Quang Ninh, location choice depends heavily on lifestyle preferences and family needs.

**Best areas for living:**1. **Ha Long City:** Offers the best services, international schools, amenities, and expat community presence2. **Van Don SEZ:** Features new infrastructure and modern facilities, though more "new town" atmosphere with less urban lifestyle3. **Hoanh Bo:** Up-and-coming area with better prices and future growth potential4. **Ha Long Marina:** Prime choice for luxury coastal living with marina access5. **Bai Chay:** Excellent for families wanting access to tourism attractions and dining options

Property types should align with family size and budget, with apartments offering lower maintenance but villas providing more space and privacy for larger families.

If the goal is renting out, what are the best options for short-term vs long-term rentals?

Rental investment strategies in Quang Ninh require different approaches for short-term versus long-term rental markets.

**Short-term rental opportunities:**- **Bai Chay tourism zone:** High occupancy due to tourism traffic- **Ha Long Marina:** Luxury properties attracting expat tourists and high-spending visitors- **Van Don resort zones:** Strong seasonal demand with premium rates- **Expected gross yields:** 7-10% for well-located tourism properties**Long-term rental markets:**- **Cam Pha:** Steady demand from industrial workers and port employees- **Hoanh Bo, Quang Yen, Dong Trieu:** Industrial staff and logistics park workers provide consistent rental demand- **Expected gross yields:** 3-6% with higher occupancy rates and less seasonality

It's something we develop in our Vietnam property pack.

If the goal is to resell later, what types of properties and locations have the best potential for value growth?

Properties with the strongest resale potential in Quang Ninh align with government development priorities and economic growth areas.

**Highest growth potential areas:**1. **Van Don SEZ:** Government incentives and infrastructure investment support continued appreciation2. **Bai Chay tourism zone:** Tourism growth drives consistent demand3. **Ha Long new urban areas:** Planned development and urban expansion4. **Tien Yen and Dong Trieu:** Early-stage growth potential as infrastructure arrives**Best property types for resale:**- **Branded developments:** Strong developer reputation supports resale values- **Waterfront properties:** Limited supply and consistent demand- **Properties near infrastructure projects:** Airports, expressways, and economic zones- **Modern apartments in growing districts:** Appeal to emerging middle class

Properties in established luxury areas like Ha Long Marina maintain value well, while emerging areas offer higher growth potential but with increased risk.

How have prices changed compared to one year ago, five years ago, and what are the forecasts for one year, five years, and ten years into the future—and how does Quang Ninh compare with other similar big cities?

Quang Ninh's property market has experienced exceptional growth, outpacing most Vietnamese markets and positioning itself among the country's premium destinations.

Time Period	Price Change	Market Drivers
Past 1 Year (2024-2025)	+15-20%	Van Don SEZ development, tourism recovery
Past 5 Years (2019-2024)	+50-70%	Massive infrastructure investment, outpaced national average
Next 1-5 Years (2025-2030)	Slower growth expected	Market maturing, but top districts remain strong
Next 10 Years (2025-2035)	Above national average	Continued outperformance, especially SEZ/infrastructure hubs

Quang Ninh now rivals other premium northern destinations, with Ha Long and Van Don prices comparable to Da Nang core areas, more expensive than Hai Phong, though still below Phu Quoc and Nha Trang for luxury segments only.

Conclusion

This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.

Sources

1. Quang Ninh Price Forecasts - BambooRoutes
2. Quang Ninh Area Analysis - BambooRoutes
3. Fazwaz Property Listings Quang Ninh
4. Buying Property in Vietnam for Foreigners
5. Vietnam Property Tax Updates
6. Vietnam Home Loan Interest Rates 2025
7. Southeast Asia Property Research Report
8. Quang Ninh Real Estate Trends - BambooRoutes