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Quang Ninh province is experiencing one of Vietnam's most dynamic property markets in 2025.
With apartment prices ranging from $1,200 to $1,800 per square meter and premium properties reaching $2,800, the province has seen remarkable 50-70% price growth over five years. Major infrastructure investments, including Van Don Airport and new expressways, are driving unprecedented demand in key districts like Van Don and Ha Long City.
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Quang Ninh's property market shows strong growth with apartment prices at 30-45 million VND per square meter as of September 2025.
Infrastructure development, particularly Van Don Airport and new expressways, continues to drive property values upward across key investment zones.
| Market Indicator | Current Status (Sept 2025) | Outlook |
|---|---|---|
| Apartment Prices | 30-45 million VND/m² ($1,200-$1,800) | Continued growth, moderating pace |
| Premium Properties | 50-70 million VND/m² ($2,000-$2,800) | Strong demand in Van Don, Ha Long |
| 5-Year Price Growth | 50-70% increase | Stabilizing but positive trend |
| Top Investment Areas | Van Don, Ha Long City, Dong Trieu | Infrastructure-driven appreciation |
| New Supply | 612 social housing units completed | 3,880 planned by 2026 |
| Key Drivers | Airport, expressways, industrial zones | Tourism and FDI expansion |
| Market Risk | Supply increases, policy changes | Moderate oversupply potential |
What's the current average price per square meter for apartments and houses in Quang Ninh?
As of September 2025, apartments in Quang Ninh cost between 30-45 million VND per square meter, which translates to $1,200-$1,800 per square meter.
Premium apartments and villas command significantly higher prices, ranging from 50-70 million VND per square meter ($2,000-$2,800 per square meter). These premium properties are typically located in prime areas of Ha Long City and Van Don district.
The price variation depends largely on location, with Van Don district properties commanding premium prices due to the international airport proximity. Ha Long City center also maintains higher pricing due to urban infrastructure and tourism appeal. Secondary districts like Dong Trieu and Cam Pha offer more affordable entry points for investors.
Houses generally follow similar pricing patterns to apartments, though standalone houses in prime tourist areas can exceed the premium apartment pricing range. The market shows clear segmentation based on proximity to key infrastructure projects.
How have property prices in Quang Ninh changed over the past 5 years?
Quang Ninh property prices have surged by 50-70% over the past five years (2019-2024), significantly outpacing Vietnam's national average property price growth.
This dramatic price appreciation has been primarily driven by major infrastructure investments, including Van Don Airport completion and new expressway connections to Hanoi. The tourism sector recovery post-COVID also contributed substantial momentum to property demand.
Van Don district experienced the most dramatic price increases, with some areas seeing prices double due to airport proximity and economic zone development. Ha Long City followed with strong steady growth as urban expansion accelerated.
The price growth trajectory shows the steepest increases occurred between 2022-2024, as infrastructure projects became operational and foreign investment increased. This growth rate positions Quang Ninh among Vietnam's top-performing property markets during this period.
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What are the projected growth rates for residential and commercial real estate in Quang Ninh over the next 2 to 3 years?
Quang Ninh's residential market is projected to maintain double-digit annual growth through 2025-2026, particularly in Van Don and Ha Long City areas.
The tourism and premium residential segments are expected to show the strongest gains over the next 2-3 years. Commercial real estate, especially retail and hospitality-related properties, should benefit from increased tourist arrivals and improved connectivity.
From 2025-2030, growth is expected to continue but at a more moderate pace as the market matures and supply increases. Industrial zones and manufacturing areas will likely see sustained demand as new job creation continues.
Property values near industrial projects and economic zones should maintain strong appreciation due to employment growth and infrastructure development. However, the overall market is beginning to show signs of stabilization compared to the explosive growth of recent years.
How many new housing and commercial projects are currently under construction or planned in Quang Ninh?
As of 2025, Quang Ninh has completed 612 social housing apartments with ambitious expansion plans underway.
Ha Long City alone has plans for 3,880 worker and affordable housing units scheduled for completion by 2026. These projects focus on supporting the growing industrial workforce and addressing housing demand from economic development.
Van Don Economic Zone represents a hotspot for both new residential and tourism/commercial projects. The area is experiencing significant development activity due to airport proximity and special economic zone status.
The planned housing pipeline includes both commercial residential projects and affordable housing initiatives near industrial zones. This substantial supply increase is designed to meet growing demand from both local residents and incoming workers.
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What's the current rental yield in Quang Ninh for both apartments and commercial spaces?
Rental yields for new properties in Quang Ninh are competitive with other major Vietnamese cities, driven by tourism demand and job creation in industrial parks.
Condotels in prime tourism areas have reported over 20% annual price growth due to strong rental demand from tourists and business travelers. This segment benefits from Ha Long Bay's status as a UNESCO World Heritage site and improved accessibility.
Residential rental demand is particularly strong around newly developed industrial and economic zones, where workers require accommodation. Van Don and Ha Long City show the highest rental demand due to economic activity concentration.
Commercial spaces, especially retail and office properties near transportation hubs and tourist areas, maintain solid occupancy rates. The rental market benefits from both domestic and international business activity in the province.
Precise yield figures vary by location and property type, but the overall rental market strength supports investor confidence in the region's property fundamentals.
How strong is the demand from local buyers compared to investors from Hanoi, Ho Chi Minh City, or overseas?
Demand from local buyers remains strong due to rising incomes and job creation from industrial development and tourism growth.
Hanoi investors represent a significant portion of buyers, attracted by Quang Ninh's proximity to the capital and growth potential. The improved expressway connections make Quang Ninh an attractive weekend home and investment destination for Hanoi residents.
Foreign and overseas investors show growing presence, especially in Van Don and large infrastructure projects. These investors are attracted by the economic zone benefits and tourism potential.
Local demand is further supported by improved access to financing and increased mortgage availability. Domestic buyers benefit from stable lending conditions and rising property values that support loan collateral.
The market shows balanced demand across all buyer segments, with local demand providing stability while investor demand drives premium segment growth.
What government policies or incentives are in place that directly affect Quang Ninh's real estate market?
The new Land Law and Housing Law, effective January 2025, provides significant incentives for social housing development and streamlined approval processes for foreign capital.
Government-backed infrastructure prioritization continues to support urban-industrial expansion and tourism zone development. These investments create the foundation for sustained property market growth.
Social housing policies focus on supporting workforce accommodation needs, with specific programs targeting industrial zone workers. These initiatives help balance market supply and support local employment growth.
Foreign investment policies have been relaxed to encourage capital inflow, particularly for projects that support economic development and job creation. Van Don Economic Zone benefits from special investment incentives.
Sustainable development policies promote environmentally responsible construction, which aligns with tourism industry requirements and international investor expectations.
How is infrastructure development, especially around Ha Long City, Van Don Airport, and expressways, impacting property values?
Van Don Airport and new expressway connections have provided a dramatic boost to connectivity, driving residential and commercial demand throughout the region.
Property values in Van Don district have experienced particularly sharp increases due to direct airport proximity and improved accessibility. The airport enables both tourism growth and business development, supporting property demand.
Ha Long City benefits from urban expansion initiatives, including the integration of Hoanh Bo district, which accelerates city-scale development projects. This expansion creates new development opportunities and increases property values.
The expressway system connecting Quang Ninh to Hanoi has reduced travel time significantly, making the province more attractive for both residential and commercial investment. Weekend home demand from Hanoi residents has increased substantially.
Infrastructure improvements support both tourism industry growth and industrial development, creating a diversified economic base that sustains property market demand across multiple sectors.
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What's the current vacancy rate in Quang Ninh for apartments, offices, and retail spaces?
Residential vacancy rates are expected to stabilize with new supply coming online and effective government policies supporting market balance.
The apartment market shows healthy absorption of new supply, supported by strong local demand and investor interest. Industrial zone expansion continues to create housing demand from incoming workers.
Office and retail vacancy rates benefit from balanced demand supported by regional economic growth. Tourism recovery and business development maintain occupancy levels in commercial properties.
Van Don and Ha Long City show the strongest occupancy rates due to economic activity concentration and infrastructure advantages. Secondary districts maintain stable occupancy with lower rental rates.
Overall market balance appears healthy, with supply increases being absorbed by growing demand from multiple sources including tourism, industry, and residential needs.
How are banks and financial institutions handling mortgage lending in Quang Ninh—are rates and conditions favorable?
Mortgage accessibility has increased significantly, driven by property price appreciation and a stable lending environment in the region.
New property laws have increased buyer confidence, creating more favorable conditions for qualified borrowers. Banks view Quang Ninh properties as solid collateral due to strong price appreciation trends.
Lending conditions are generally favorable for qualified buyers, with competitive interest rates reflecting the region's economic growth prospects. Property price stability supports loan-to-value ratios for borrowers.
Industrial development and tourism growth provide economic fundamentals that banks consider positive for mortgage lending risk assessment. Employment growth in the province supports borrower income stability.
Foreign buyers benefit from streamlined processes under new regulations, though they must still meet standard qualification requirements and documentation standards.
What are the most attractive districts or zones in Quang Ninh for investment right now, and why?
| District/Zone | Key Investment Drivers | Growth Characteristics |
|---|---|---|
| Van Don | International airport, expressways, large FDI, tourism development | Very strong and sharp price increases |
| Ha Long City | Urban expansion, new infrastructure, tourism hub | Strong and steady growth trajectory |
| Dong Trieu | Improved connectivity, industrial development | Accelerating growth, especially industrial |
| Tien Yen | Logistics development, new highway connections | Emerging market, rapid price increases |
| Cam Pha | Tourism potential, coastal access | Moderate but consistent appreciation |
What risks or potential challenges could slow down the property market in Quang Ninh in the short to medium term?
Market maturity represents a primary risk, as rapid earlier price growth is beginning to stabilize and may moderate further appreciation rates.
Oversupply potential exists as housing supply increases significantly could gradually moderate price appreciation. The large pipeline of planned developments may exceed demand absorption capacity.
Policy shifts present regulatory risk, including potential stricter land use regulations or credit tightening measures. Changes to foreign investment rules could impact international buyer demand.
Economic slowdown risks include national or global economic headwinds that could dampen demand or investor sentiment. Tourism dependency creates vulnerability to external economic shocks.
Infrastructure project delays or budget constraints could slow the momentum that has driven recent growth. Competition from other Vietnamese provinces for investment capital may also impact growth rates.
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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 remains highly dynamic in 2025, driven by infrastructure development and strong economic expansion.
The province offers compelling investment opportunities, but investors should carefully consider supply increases and policy changes that may moderate future growth rates.
It's something we develop in our Vietnam property pack.
Sources
- Quang Ninh Price Forecasts - BambooRoutes
- Quang Ninh Real Estate Forecasts - BambooRoutes
- Quang Ninh Real Estate Trends - BambooRoutes
- Global Property Guide - Vietnam Price History
- VN Economy - Property Market Forecast 2025
- Vietnam Briefing - Industrial Zones Growth Outlook
- The Investor - Apartment Prices Vietnam
- Fazwaz - Quang Ninh Property Listings