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The Quang Ninh property market is experiencing remarkable growth, with apartment prices rising 50-70% over the past three years and showing no signs of slowing down.
As of September 2025, average apartment prices range from 30-45 million VND per square meter, with premium developments in Ha Long City and Van Don commanding 50-70 million VND per square meter. The market is driven by major infrastructure projects including Van Don airport expansion, new expressways to Hanoi, and significant industrial development in the Van Don Economic Zone.
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Quang Ninh's property market is experiencing exceptional growth with apartment prices increasing 50-70% over the past three years, driven by infrastructure development and tourism expansion.
The market shows strong fundamentals with high absorption rates, low vacancy rates, and continued foreign and domestic investment interest, particularly in Ha Long City and Van Don areas.
| Property Type | Current Price Range (VND/sqm) | Price Growth (2022-2025) |
|---|---|---|
| Standard Apartments | 30-45 million VND ($1,200-$1,800) | 50-70% increase |
| Premium Apartments (Ha Long/Van Don) | 50-70 million VND ($2,000-$2,800) | 50-70% increase |
| Land/Villas in Hotspots | Variable, premium locations | Doubled in many areas |
| Rental Yields (Current) | 5-7% annually | Slightly compressed from 2 years ago |
| Absorption Rate | Above 70% for new projects | Consistently high |
| Foreign Investment Share | 10-15% in prime segments | Increasing since 2023-24 |
| Projected Annual Growth (2025-2030) | 10-15% in core areas | Expected to outperform national average |
What are the current apartment, house, and land prices per square meter in Quang Ninh, and how have they changed over the past 3 years?
As of September 2025, apartment prices in Quang Ninh range from 30-45 million VND per square meter ($1,200-$1,800) for standard developments.
Premium apartments in central Ha Long City and Van Don command significantly higher prices, reaching 50-70 million VND per square meter ($2,000-$2,800). These premium locations benefit from their proximity to tourism attractions and improved infrastructure.
Land and villa prices in hotspot areas have experienced dramatic appreciation, with many properties doubling in value over the past few years. The Van Don Economic Zone and coastal areas have seen the most significant increases.
Over the past three years (2022-2025), property prices in Quang Ninh have surged by 50-70%, substantially outpacing Vietnam's national average. The sharpest price rises occurred in tourism-linked areas and zones with major infrastructure upgrades.
This exceptional growth reflects Quang Ninh's transformation from a primarily industrial province to a major tourism and economic hub in northern Vietnam.
How many new residential and commercial projects are launching in Quang Ninh over the next 12 to 24 months?
Quang Ninh has a substantial pipeline of new developments scheduled for the next two years.
The province has targeted 17,588 social housing units for the period 2025-2030, with 2,201 new units specifically set for completion in 2025. By May 2025, approximately 1,290 units had already been completed, indicating strong momentum in the social housing sector.
Five new commercial housing projects have received approval and are scheduled for launch between 2025-2029 in key urban zones. These developments are concentrated in the Cao Xanh and Ben Doan areas, which are experiencing rapid urbanization.
The focus on both social and commercial housing reflects the government's strategy to meet growing demand from both local residents and the expanding workforce in industrial and tourism sectors.
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What is the current absorption rate for new developments, and how long does inventory typically stay on the market?
The absorption rate for new apartments in Quang Ninh is exceptionally high, consistently above 70% for projects in prime and tourism-focused areas.
Vietnam's national absorption rate reached approximately 72% in 2024, but Quang Ninh's performance has historically exceeded this benchmark, particularly in Ha Long and Van Don developments.
Market inventory remains tight across most segments, with many projects selling out well before or immediately after launch. This indicates strong underlying demand that continues to outpace new supply.
The months of inventory vary by location and project type but remain low due to sustained high demand, especially in coastal and central urban areas. Well-located projects often have waiting lists rather than unsold inventory.
This strong absorption rate reflects the province's appeal to both end-users seeking homes and investors looking for capital appreciation opportunities.
How have rental yields for apartments, villas, and shophouses changed compared to 2 years ago?
Rental yields in Quang Ninh have compressed slightly over the past two years as property prices have risen faster than rental rates.
Current rental yields for apartments and shophouses are in the 5-7% range, down from higher levels two years ago due to rapid capital appreciation. Despite this compression, yields remain attractive compared to other Vietnamese provinces.
The strong tourism sector in Ha Long and industrial expansion in Van Don continue to support rental demand, preventing more dramatic yield compression. Both short-term vacation rentals and long-term residential rentals maintain steady occupancy rates.
Villa rentals in premium coastal areas command the highest yields within this range, particularly properties with tourism potential or proximity to major attractions.
While yields have moderated, the combination of rental income and capital appreciation continues to provide attractive total returns for property investors.
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What is the average time for a property to sell from listing to closing, and how does it vary between urban and coastal areas?
The average time to sell property in Quang Ninh has shortened significantly over the past two years due to strong market demand.
In urban properties, particularly in central zones, hot projects are selling out within weeks or even days of launch. For resale properties in these prime urban areas, the average sale period is typically 2-3 months.
Coastal and resort areas show more variability depending on the specific location and property type. High-demand resort properties can sell quickly, while less prime land parcels may take longer to find buyers.
Overall, the typical sale period ranges from 1 to 4 months depending on asset type and location, with premium properties in desirable areas selling fastest. Properties with clear tourism or investment potential tend to move more quickly than purely residential assets.
The shortened sale times reflect the market's strength and the confidence of both domestic and international buyers in Quang Ninh's growth prospects.
How many foreign and domestic investors are entering the Quang Ninh market, and what percentage of transactions do they represent?
Foreign investor activity in Quang Ninh has increased significantly, especially since 2023-24, as international buyers recognize the province's growth potential.
Foreign investors now account for 10-15% of transactions in prime project segments, with particular interest in tourism and resort sectors. This represents a notable increase from previous years when foreign participation was minimal.
Domestic buyers continue to dominate the market, representing 85-90% of all transactions. However, the portion of foreign deals is steadily rising, especially in premium segments and developments with tourism potential.
The increased foreign interest stems from Quang Ninh's improved accessibility through Van Don International Airport, major infrastructure projects, and the province's recognition as a UNESCO World Heritage site.
Both investor groups are attracted by the combination of strong rental yields, capital appreciation potential, and the province's strategic location near the Chinese border.
What is the projected impact of infrastructure projects on property prices over the next 5 years?
| Infrastructure Project | Timeline | Expected Price Impact |
|---|---|---|
| Van Don International Airport Expansion | Ongoing through 2027 | 10-20% boost in surrounding areas |
| New Expressways to Hanoi | 2025-2028 | 15-25% increase along corridors |
| Northern Economic Corridor Links | 2025-2030 | Sustained double-digit growth |
| Port Upgrades and Expansion | 2025-2027 | 5-15% premium for nearby properties |
| Van Don Economic Zone Development | Ongoing through 2030 | Continued outperformance vs national average |
What is the estimated population growth and housing demand in Quang Ninh through 2030?
Quang Ninh's population is growing steadily, driven by expansion in both industrial and tourism sectors that attract workers from across Vietnam.
The urbanization rate is rising rapidly, particularly in Ha Long and Van Don, as rural residents migrate to cities for employment opportunities in the growing economy.
Housing analysts estimate that Quang Ninh will need 2,000-3,500 new housing units annually through 2030 to meet growing demand. This demand is largely focused on affordable and mid-range segments to accommodate the expanding workforce.
The industrial development in Van Don Economic Zone alone is expected to attract thousands of new workers, creating sustained demand for both rental and ownership housing.
Tourism growth also contributes to housing demand, both for hospitality workers and for vacation rental properties that serve the increasing number of visitors to the province.
What percentage of property transactions are financed by mortgages versus cash, and how have bank rates affected demand?
Mortgage financing has become increasingly common in Quang Ninh's property market, with approximately 60-70% of purchases now mortgage-financed.
This represents a significant increase from previous years, driven by improved loan availability and more competitive interest rates from Vietnamese banks. The growing acceptance of mortgage financing has made property ownership accessible to a broader range of buyers.
Recent reductions in bank lending rates have helped boost property demand, contributing to the faster sell-out times seen in new developments. Lower rates have improved affordability for both end-users and investors.
Cash purchases still account for 30-40% of transactions, particularly in the premium segment where foreign investors and wealthy domestic buyers prefer direct ownership without financing complications.
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How much industrial and logistics real estate will be added by 2027, and how will this influence housing demand?
Quang Ninh is set to add several hundred thousand square meters of new industrial and logistics space by 2027, concentrated primarily in the Van Don Economic Zone and associated port areas.
The Van Don Economic Zone alone is planning massive expansion of its industrial facilities, which will require thousands of additional workers across various skill levels. These developments include manufacturing, logistics, and port-related industries.
This industrial expansion is expected to drive continued workforce-related migration to Quang Ninh, significantly boosting demand for both rental and for-sale housing in key economic zones.
The proximity of new industrial areas to residential developments will create sustained demand for affordable and mid-range housing options, supporting both rental yields and capital appreciation.
Companies establishing operations in these industrial zones often provide housing allowances or assistance to workers, creating additional stability in the residential rental market.
What are the current vacancy rates for residential and commercial properties, and how have they trended over 5 years?
Residential vacancy rates in Quang Ninh remain remarkably low, particularly in high-demand urban and resort markets where well-located projects maintain vacancy rates under 8%.
The low residential vacancy reflects strong underlying demand from both local residents upgrading their housing and newcomers attracted by job opportunities in tourism and industry.
Commercial vacancy rates are slightly higher than residential but have been trending downward as new commercial and retail developments in Ha Long and Van Don attract fresh investment and businesses.
Over the past five years, both residential and commercial vacancy rates have generally decreased, indicating a tightening market with strong absorption of new supply.
The combination of population growth, tourism expansion, and industrial development continues to support low vacancy rates across most property segments in the province.
What do analysts project for annual property price growth in Quang Ninh over the next 3-5 years?
Real estate analysts project annual property price growth of 10-15% per year in Quang Ninh's core areas from 2025-2030, including Van Don, Ha Long, and key tourism corridors.
These growth projections are based on continued infrastructure development, tourism expansion, and industrial growth that should sustain demand for both residential and commercial properties.
Some moderation in growth rates is expected after 2026 as new supply increases and the market matures, but Quang Ninh is still projected to outperform Vietnam's national average due to its unique advantages.
The projected growth range reflects the province's strategic position, ongoing infrastructure investments, and its emergence as a major economic hub in northern Vietnam.
Analysts note that these projections assume continued government support for development and no major economic disruptions that could affect tourism or industrial 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.
The Quang Ninh property market shows exceptional strength with 50-70% price growth over three years and continued momentum from infrastructure development and tourism expansion.
Strong fundamentals including high absorption rates, low vacancy rates, and growing foreign investment interest position Quang Ninh for continued outperformance in Vietnam's real estate market through 2030.
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Sources
- Quang Ninh Price Forecasts - BambooRoutes
- Quang Ninh Social Housing Development 2025-2030 - Lao Dong
- Quang Ninh Commercial Housing Projects - VN Economy
- Vietnam Property Price History - Global Property Guide
- Quang Ninh Real Estate Forecasts - BambooRoutes
- Vietnam Apartment Price Trends - The Investor
- Vietnam Apartment Price Growth - Vietnam News
- Vietnam Social Housing Targets 2025 - VietnamPlus