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Quang Ninh province has emerged as one of Vietnam's hottest property markets with prices rising 50-70% over the past five years. Property prices in Quang Ninh currently range from 30-45 million VND per square meter for mainstream apartments to over 70 million VND per square meter for premium waterfront developments in Ha Long City and Van Don. The median property price sits at approximately 5.79 billion VND, making it significantly more expensive than most northern Vietnamese provinces but still offering strong value compared to Ho Chi Minh City or Hanoi.
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As of September 2025, Quang Ninh property prices vary significantly by location and type, with apartments ranging from 30-70 million VND per square meter and houses typically priced between 31-60 million VND per square meter.
The most expensive areas are Van Don Economic Zone and central Ha Long, while budget-friendly options can be found in Dong Trieu, Tien Yen, and Hoanh Bo districts.
| Property Type | Price Range (VND per m²) | Popular Locations |
|---|---|---|
| Mainstream Apartments | 30-45 million | Ha Long City, Cam Pha |
| Premium Apartments | 50-70 million | Van Don, Ha Long Marina |
| Standard Houses | 31-60 million | Bai Chay, Ha Khanh |
| Standard Villas | 27-60 million | Hung Thang, Monaco Ha Long |
| Ultra-prime Villas | 70+ million | Waterfront Ha Long, Van Don |
| Prime Land Plots | 50-78 million | Van Don, Beachfront Ha Long |
| Budget Land | 2-10 million | Mong Cai, Tien Yen |
What's the current average property price in Quang Ninh?
The current average property price in Quang Ninh varies significantly depending on the type and location of the property.
Apartments in mainstream developments typically cost between 30-45 million VND per square meter, while premium projects in Ha Long City and Van Don command prices of 50-70 million VND per square meter.
Houses and shophouses are generally priced in the 31-60 million VND per square meter range, with variations based on area, finish quality, and specific location within the province.
The median sales price for any property in Quang Ninh currently sits at approximately 5.79 billion VND (around $227,000), while apartments commonly sell for 1.4-2.8 billion VND per unit.
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How do prices differ between apartments, houses, villas, and land?
Property prices in Quang Ninh show distinct patterns across different property types, with clear price hierarchies based on location and quality.
Apartments represent the most accessible entry point, with mainstream developments priced at 30-45 million VND per square meter and premium units in prime locations reaching 50-70 million VND per square meter.
Houses and shophouses typically fall within the 31-60 million VND per square meter range, offering more space but requiring higher total investment due to larger floor areas.
Villas show the widest price variation, with standard new-build properties ranging from 27-60 million VND per square meter, while ultra-prime waterfront villas and branded resort properties can exceed 70 million VND per square meter.
Land plots demonstrate the most dramatic price differences, from budget options at 2-10 million VND per square meter in peripheral areas to strategic tourism or infrastructure-adjacent land commanding 50-78 million VND per square meter in prime locations like Van Don or beachfront Ha Long.
Which areas in Quang Ninh are the most expensive, which ones are more budget friendly, and which are considered upcoming?
Quang Ninh's property market shows clear geographical price segmentation based on tourism potential, infrastructure development, and economic activity.
Most Expensive Areas:
- Van Don Economic Zone - commands premium prices due to special economic status and tourism development
- Central Ha Long - luxury waterfront properties and resort clusters drive high valuations
- Ha Long Marina - premium marina developments attract top-end buyers
- Bai Chay - prime tourism location with established infrastructure and amenities
- Green Bay and FLC developments - branded resort properties with international appeal
Budget-Friendly Areas:
- Tien Yen - peripheral location offering affordable entry points
- Dong Trieu - developing area with lower base prices but improving infrastructure
- Hoanh Bo - recently integrated into Ha Long, still offering value opportunities
- Peripheral Cam Pha - industrial areas with worker housing at accessible prices
- Mong Cai outskirts - border trade town with affordable land options
Up-and-Coming Areas:
- Hoanh Bo - now officially part of Ha Long City, experiencing rapid appreciation
- Dong Trieu - benefiting from new infrastructure and industrial development
- Quang Yen - emerging logistics and industrial hub with strong growth potential
- Mong Cai center - border trade logistics driving commercial property demand
- Uong Bi - scenic location with proximity to Ha Long Bay attractions
What's the typical price per square meter depending on the location and property type?
| Location | Apartments (VND/m²) | Houses/Villas (VND/m²) |
|---|---|---|
| Van Don Economic Zone | 55-70 million | 45-70+ million |
| Central Ha Long | 50-65 million | 40-60 million |
| Bai Chay | 40-55 million | 35-50 million |
| Cam Pha | 30-40 million | 25-40 million |
| Mong Cai | 25-35 million | 20-35 million |
| Dong Trieu | 25-35 million | 20-30 million |
| Hoanh Bo | 30-40 million | 25-35 million |
What's the average total purchase cost once you include taxes, legal fees, and transaction costs?
The total cost of purchasing property in Quang Ninh extends beyond the advertised sale price due to various taxes and administrative fees.
Personal Income Tax on property resale currently stands at a flat 2% of the sale price, though proposed legislation may introduce a tiered system of 4-10% based on holding period.
Registration and legal fees typically account for 0.5-1% of the transaction price, covering notary services, local administrative costs, and official documentation.
Additional costs may include VAT for new builds or purchases by corporate and foreign investors, along with various administrative fees required by local authorities.
The total additional purchase costs typically range from 3-4% of the property value above the sale price, meaning buyers should budget accordingly when planning their investment.
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How much would the monthly cost be if you finance a purchase with a mortgage at today's rates?
Mortgage financing in Vietnam operates under conservative lending standards with relatively high interest rates compared to developed markets.
Typical loan-to-value ratios rarely exceed 50% for residential properties, meaning buyers must provide substantial down payments of at least half the purchase price.
Current interest rates range from 8-10% per annum at state banks, while private banks typically charge 12% or higher for residential mortgages.
For a practical example, purchasing a 3 billion VND apartment with a 50% mortgage (1.5 billion VND loan) over 20 years at 9% fixed interest would result in monthly payments of approximately 13.5 million VND covering principal and interest.
Additional monthly costs may include property management fees, insurance, and various administrative charges depending on the specific development and lender requirements.
Can you give me a few real examples of recent property sales or listings to illustrate current market prices?
| Property Description | Location | Size | Total Price | Price per m² |
|---|---|---|---|---|
| Luxury 2BR Apartment | Bai Chay, Ha Long | 68m² | 2.8 billion VND | 40.9 million VND |
| Mid-market Apartment | Tran Hung Dao, Ha Long | 68m² | 2.1 billion VND | 30.8 million VND |
| Commercial Shophouse | Ha Khanh, Ha Long | 127m² | 4 billion VND | 31.4 million VND |
| Seafront Villa | Hung Thang, Ha Long | 168m² | 10.08 billion VND | 59.9 million VND |
| Standard Villa | Monaco Ha Long | 589m² | 15.8-19.9 billion VND | 27-33.7 million VND |
| Land Plot | Hai Hoa, Mong Cai | 561m² | 1.55 billion VND | 2.76 million VND |
How have property prices in Quang Ninh changed over the past 5 years and over the past year?
Quang Ninh property prices have experienced remarkable growth over the past five years, significantly outpacing national averages and most other Vietnamese provinces.
From 2020 to 2025, property prices have increased by 50-70% across most of Quang Ninh, with land and tourism-related properties often delivering even stronger performance.
The tourism sector has been a major driver of this growth, with 15.5 million visitors in 2024 representing a 38% year-over-year increase, creating sustained demand for vacation apartments, condotels, and resort villas.
Over the past 12 months specifically, Van Don and Ha Long have experienced double-digit price growth, while other areas have seen more moderate but still substantial appreciation.
This growth trajectory has positioned Quang Ninh as one of Vietnam's premier investment destinations, consistently outperforming less dynamic provinces due to continued foreign direct investment, tourism development, and infrastructure improvements.
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What's the forecast for property prices in Quang Ninh over the next 1 year, 5 years, and 10 years?
Property price forecasts for Quang Ninh remain optimistic across all timeframes, though growth rates are expected to moderate as the market matures.
Over the next year, continued double-digit gains are anticipated in Van Don, Ha Long, and primary tourist/urban zones, while up-and-coming and industrial areas should see more moderate growth of 5-8%.
The five-year outlook (through 2030) projects slower but steady appreciation as more supply enters the market and growth normalizes, though Quang Ninh is likely to continue outpacing less dynamic provinces due to sustained foreign direct investment, tourism growth, and infrastructure development.
The 10-year forecast suggests Quang Ninh will maintain its status as a premier coastal, industrial, and investment market, barring major national or international economic disruptions.
Government plans for $18.6 billion in FDI targeting high-tech, industrial, and tourism sectors from 2026-2030 provide strong fundamental support for continued price appreciation.
If I want to buy to live, which areas or property types make the most sense today?
For buyers seeking primary residences in Quang Ninh, several areas offer optimal combinations of livability, amenities, and value.
Best Areas for Living:
- Ha Long City (especially areas benefiting from Hoanh Bo integration) - established infrastructure and services
- Uong Bi - scenic location with proximity to Ha Long Bay while maintaining affordability
- Bai Chay - comprehensive amenities, tourism infrastructure, and entertainment options
- Central Cam Pha - industrial employment opportunities with reasonable housing costs
- Mong Cai - cross-border trade opportunities and developing commercial districts
Apartments or affordable houses represent the most practical choices for long-term living, offering easier maintenance and access to urban amenities compared to larger villas.
Focus on areas with established schools, healthcare facilities, and public transportation connections for optimal quality of life.
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If I want to rent out, what are the best choices for short-term rentals versus long-term rentals?
Rental investment strategies in Quang Ninh should align with local demand patterns and target different market segments.
Short-term Rental Opportunities:
- Bai Chay - high tourist footfall ensures strong occupancy rates and premium nightly rates
- Ha Long Marina area - luxury developments attract affluent domestic and international visitors
- FLC and Green Bay resort areas - branded developments with built-in tourist appeal
- Van Don Economic Zone - business travelers and luxury tourism market
- Waterfront properties near major attractions - consistent demand from tour groups and families
Long-term Rental Markets:
- Cam Pha - stable industrial workforce creates consistent demand for worker housing
- Quang Yen - emerging logistics hub with growing employment opportunities
- Dong Trieu - developing industrial and commercial areas attracting long-term residents
- Mong Cai - border trade professionals and cross-border business activities
- Areas with established expat communities - international workers and long-term visitors
Short-term rentals generally offer higher yields but require more active management, while long-term rentals provide stable income with lower maintenance requirements.
If I want to buy to resell later, which areas or property types have the strongest potential for higher returns compared to other big cities in Vietnam?
Investment properties with strong resale potential in Quang Ninh should focus on areas experiencing the fastest development and infrastructure improvements.
Van Don Economic Zone represents the strongest appreciation potential due to its special economic status, international airport development, and government investment priorities.
Ha Long tourism and marina developments offer excellent resale prospects, particularly properties with direct tourism industry connections or waterfront access.
Infrastructure-adjacent districts like Dong Trieu and areas benefiting from new expressway connections to China and Hanoi present compelling value opportunities with strong upside potential.
Quang Ninh's price appreciation consistently outpaces most northern Vietnamese cities and offers stronger yields than traditional markets like Haiphong or Nam Dinh, while avoiding the volatility of speculative hotspots like Phu Quoc.
Focus on properties in areas designated for future tourism, industrial, or special economic zone development to maximize capital appreciation potential over medium to long-term holding periods.
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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.
Quang Ninh's property market represents one of Vietnam's most dynamic investment opportunities, with prices ranging from 30-70 million VND per square meter depending on location and property type.
Whether you're buying to live, rent, or resell, understanding the distinct characteristics of each area and property segment will help you make informed decisions in this rapidly evolving market.