Authored by the expert who managed and guided the team behind the Vietnam Property Pack
Everything you need to know before buying real estate is included in our Vietnam Property Pack
Quang Ninh property prices are experiencing significant upward momentum as we reach mid-2025, driven by infrastructure development, tourism recovery, and strategic foreign investment.
The province has emerged as one of Vietnam's most dynamic real estate markets, with Van Don and Ha Long City leading the charge in price appreciation. Major infrastructure projects including Van Don International Airport and new expressway connections have transformed the investment landscape, attracting both domestic and international buyers to this coastal province.
If you want to go deeper, you can check our pack of documents related to the real estate market in Vietnam, based on reliable facts and data, not opinions or rumors.
Quang Ninh's property market is experiencing robust growth with prices rising 50-70% over the past five years, outpacing Vietnam's national average.
Van Don and Ha Long City are the fastest-growing areas, benefiting from major infrastructure investments and tourism development that are driving sustained price appreciation through 2025 and beyond.
| Market Indicator | Current Status (Mid-2025) | Growth Trend |
|---|---|---|
| Average Apartment Price | 30-45 million VND/m² ($1,200-$1,800/m²) | Strong upward trend |
| Premium Properties (Ha Long/Van Don) | 50-70 million VND/m² ($2,000-$2,800/m²) | Very strong growth |
| Five-Year Price Increase | 50-70% (2019-2024) | Above national average |
| Tourism Growth | 15.5 million visitors (2024) | 38% revenue increase |
| Foreign Investment | $14.6 billion in Van Don Economic Zone | Accelerating rapidly |
| Industrial Growth | 22,000 new jobs annually | Sustained expansion |
| Infrastructure Development | Van Don Airport, new expressways | Major upgrades completed |
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.
What are the current average property prices in Quang Ninh as of June 2025?
Property prices in Quang Ninh have reached new highs as we reach mid-2025, with apartments averaging 30-45 million VND per square meter ($1,200-$1,800/m²).
Premium developments in central Ha Long City and Van Don command significantly higher prices, ranging from 50-70 million VND per square meter ($2,000-$2,800/m²). These premium properties are concentrated in new urban developments and resort areas that benefit from tourism infrastructure and coastal access.
Land plots and villas in prime coastal areas are seeing even stronger price appreciation, particularly in tourism-driven zones and new urban developments. The Van Don Economic Zone has become a particular hotspot, with land prices reflecting the area's transformation into a major economic and tourism hub.
It's something we develop in our Vietnam property pack.
How much have property prices increased in Quang Ninh over the past five years?
Quang Ninh property prices have surged by an estimated 50-70% over the past five years (2019-2024), significantly outpacing Vietnam's national average of 59%.
This exceptional growth has been driven by major infrastructure developments, including the opening of Van Don International Airport in 2018 and subsequent expressway connections. The tourism rebound since 2023 has added further momentum to price appreciation, with hospitality and resort properties seeing the sharpest increases.
Land plots have experienced the most dramatic appreciation, with some areas doubling in value due to infrastructure development and speculation on future growth. Premium apartments and villas have also significantly outperformed the broader market, reflecting strong demand from both domestic and foreign buyers.
The province's integration of Hoanh Bo district into Ha Long City in recent years has accelerated urban development and contributed to sustained price growth across residential and commercial segments.
Which districts in Quang Ninh are experiencing the fastest property price growth in 2025?
Van Don district leads Quang Ninh in property price growth as of mid-2025, driven by the international airport and major infrastructure investments.
| District | Key Growth Drivers | Price Growth Characteristics |
|---|---|---|
| Van Don | International airport, new expressways, $14.6 billion FDI, tourism boom | Very strong and sharp increases, particularly for resort and tourism properties |
| Ha Long City | Urban expansion, Hoanh Bo integration, tourism infrastructure | Strong and steady growth across residential and commercial segments |
| Dong Trieu | Transport upgrades, improved connectivity, industrial development | Accelerating growth, especially for industrial and residential properties |
| Tien Yen | New highway connections, logistics development, emerging projects | Emerging market with rapidly rising prices from low base |
| Cam Pha | Tourism development, coastal access, infrastructure improvements | Moderate but consistent growth, focus on tourism-related properties |
What types of properties are seeing the biggest price increases in Quang Ninh in 2025?
Tourism-related properties are experiencing the sharpest price increases in Quang Ninh, with condotels and resort villas leading the market.
Condotels in Van Don and Ha Long areas have seen price appreciation of over 20% year-on-year, driven by the tourism rebound and strong rental yields from international visitors. Resort villas and shophouses in tourist zones are commanding premium prices due to limited supply and high demand from investors seeking hospitality-related assets.
Land plots, particularly in areas with new or planned infrastructure, have experienced the most dramatic price surges as developers and speculators anticipate future growth. Some strategic land parcels near the Van Don Economic Zone have doubled in value since 2023.
High-end condominiums and villas in Ha Long and Van Don are also seeing rapid appreciation, with premium projects attracting strong demand from wealthy domestic buyers and foreign investors seeking second homes or investment properties.
It's something we develop in our Vietnam property pack.
Get fresh and reliable information about the market in Quang Ninh
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
How do current Quang Ninh property prices compare to other Vietnamese coastal provinces in 2025?
Quang Ninh property prices now rank among the highest for northern Vietnam's coastal provinces, rivaling major central and southern tourism hubs.
Ha Long and Van Don's prime properties are priced competitively with Da Nang's urban core, with average prices reaching $2,000-$2,800/m² for premium developments. This positions Quang Ninh above traditional northern coastal markets like Hai Phong but below the most expensive southern destinations such as Phu Quoc's beachfront developments.
However, Quang Ninh's growth rate remains among the fastest nationally, with its 50-70% five-year appreciation outpacing most other coastal provinces. The combination of infrastructure development, tourism growth, and foreign investment has created a unique value proposition that attracts both domestic and international buyers.
Compared to central Vietnam's Da Nang and southern Vietnam's Nha Trang, Quang Ninh offers similar lifestyle amenities and tourism potential but with the added advantage of proximity to Hanoi and strong government support for economic development.
What are the property price forecasts for Quang Ninh through 2026 and 2030?
Property prices in Quang Ninh are forecast to continue strong growth through 2026, with moderate but sustained appreciation expected through 2030.
For 2025-2026, analysts expect continued double-digit price growth, particularly in Van Don and Ha Long areas, supported by the government's target of 25 million visitors by 2030. Tourism-related properties and premium residential developments are likely to see the strongest appreciation during this period.
The medium-term outlook (2025-2030) projects sustained but moderating growth as the market matures and supply increases. Infrastructure investments, including potential new transport links and expanded Van Don Economic Zone development, will continue to support demand and price appreciation.
Long-term projections through 2030 indicate Quang Ninh will maintain its position as one of Vietnam's premier coastal property markets, with growth supported by continued urbanization, industrial expansion, and tourism development. However, growth rates are expected to moderate from current levels as the market stabilizes.
How are infrastructure projects affecting Quang Ninh property prices in 2025?
Major infrastructure projects have been the primary catalyst for Quang Ninh's property price surge, with Van Don International Airport and new expressways transforming market dynamics.
The Van Don International Airport, operational since 2018, has dramatically improved accessibility and attracted both tourism and business investment. Properties within a 30-minute drive of the airport have seen price premiums of 30-50% compared to more remote areas.
The Ha Long-Van Don and Van Don-Mong Cai expressways have created new development corridors and improved connectivity to Hanoi and China border crossings. Areas along these transport routes have experienced rapid price appreciation as developers anticipate future commercial and residential demand.
The integration of Hoanh Bo district into Ha Long City has accelerated urban development and infrastructure investment, contributing to price growth across the expanded metropolitan area. Government plans for 14% GRDP growth in 2025 are supported by continued infrastructure spending, which directly benefits property values.
What is driving foreign investment demand in Quang Ninh's property market in 2025?
Foreign investment in Quang Ninh property is surging in 2025, driven by the Van Don Economic Zone's success in attracting $14.6 billion in FDI from 19 countries.
We made this infographic to show you how property prices in Vietnam compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It's an easy way to spot where you might get the best value for your money. We hope you like it.
How are current mortgage rates and financing conditions affecting the Quang Ninh property market?
Mortgage conditions in Vietnam remain supportive of property purchases in Quang Ninh, with interest rates expected to rise modestly in 2025 but remain below pre-pandemic levels.
As of mid-2025, home loan interest rates average 8-10% for Vietnamese borrowers, with state-owned banks offering rates around 9-10% while private institutions charge above 12%. These rates are expected to inch up slightly through 2025 but remain historically low, supporting continued market growth.
New legal frameworks implemented in 2025 have streamlined property transactions and enhanced transparency, making the market more attractive for both domestic and foreign buyers. The revised Land Law, Housing Law, and Real Estate Business Law have created clearer guidelines for property ownership and foreign investment.
However, the loan-to-value ratio rarely exceeds 50% of appraised property value, and most homebuyers still pay cash. Developers are increasingly partnering with banks to offer financing solutions, though strict lending procedures continue to limit mortgage market development.
What role is tourism playing in Quang Ninh's property price growth in 2025?
Tourism recovery has been a major driver of Quang Ninh property price increases, with the province welcoming 15.5 million visitors in 2024 and targeting continued growth.
The post-pandemic tourism rebound since 2023 has boosted demand for hospitality properties, resort developments, and second homes. Tourism revenue increased 38% in 2024 compared to the previous year, directly supporting property values in Ha Long and Van Don tourist areas.
International visitor growth has been particularly strong, with Van Don International Airport facilitating direct access from regional markets. This has increased demand for condotels, resort villas, and vacation rental properties, driving price appreciation in tourism-focused developments.
The government's investment in cultural tourism infrastructure, including the Carnaval Ha Long and Lighthouse Entertainment Complex, has enhanced the area's appeal and supported property values. Long-term tourism targets and continued infrastructure investment are expected to sustain this trend through 2025 and beyond.
It's something we develop in our Vietnam property pack.
How are industrial development and job creation affecting residential property demand in Quang Ninh?
Industrial expansion in Quang Ninh is creating strong residential property demand, with over 22,000 new jobs created annually driving housing needs.
The province has allocated over 6,500 hectares for new industrial projects by 2023, with foreign investment targeting $10 billion by 2025 in processing and manufacturing sectors. This industrial growth has attracted workers who need housing, supporting residential property demand across all price segments.
By late 2023, over 1,100 manufacturing enterprises were operating in Quang Ninh, creating a stable employment base that supports property market fundamentals. The focus on high-tech and processing industries has attracted higher-skilled workers with greater purchasing power, boosting demand for quality housing.
The Van Don Economic Zone's success in attracting major international companies has created a multiplier effect, with service industries and supporting businesses also expanding. This broad-based economic growth provides a solid foundation for continued residential property demand and price appreciation.
What economic policies and government initiatives are supporting Quang Ninh's property market in 2025?
Quang Ninh benefits from aggressive government policies targeting 14% GRDP growth in 2025, supported by pro-investment initiatives and infrastructure spending.
The province is actively implementing FDI attraction policies, with streamlined approval processes and attractive incentives for foreign investors. This has contributed to Quang Ninh ranking among Vietnam's top 10 FDI destinations, which directly supports property market growth through increased economic activity.
New legal frameworks taking effect in 2025, including revised land and housing laws, have created greater transparency and security for property investors. These regulatory improvements have enhanced market confidence and attracted both domestic and foreign investment in real estate.
The government's focus on developing Quang Ninh as a regional economic and tourism center includes continued infrastructure investment, digital transformation initiatives, and green development policies. These long-term strategic commitments provide strong fundamentals supporting property market growth.
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.
Property prices in Quang Ninh are going up significantly in 2025, driven by infrastructure development, tourism recovery, and strong foreign investment flows.
The province has established itself as one of Vietnam's most dynamic property markets, with sustained growth expected through 2026 and moderate appreciation continuing through 2030.
Sources
- Properstar - Quang Ninh House Prices
- Vietnam Ministry of Construction - Real Estate Market Booming in Quang Ninh
- VietnamNet - Property Prices Surge by 59% in Five Years
- Bamboo Routes - Vietnam Real Estate Forecasts
- The Investor - Vietnam's Coastal Hospitality Real Estate Growth
- Global Property Guide - Vietnam Residential Property Market Analysis 2025
- Mordor Intelligence - Vietnam Residential Real Estate Market Analysis
- Cushman & Wakefield - Hanoi Real Estate Market Overview Q4 2024
- Vietnam Investment Review - Quang Ninh Real Estate Market Investment
- Vietnam Briefing - Real Estate Market 2025 Investment Destination