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What do the latest numbers reveal about Quang Ninh’s real estate market? Are property prices on the rise, or are they stabilizing? Which areas offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Quang Ninh, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
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1) Homeowners in Quang Ninh spend about $1,000 annually on property maintenance
In Quang Ninh, homeowners are increasingly curious about property maintenance costs in 2023 and 2024.
Many housing projects in the area have started to include maintenance fees in their pricing. For example, a project priced at about $700 per square meter comes with a 2% maintenance fee, which is a significant consideration for potential buyers.
This fee structure indicates that maintenance is a substantial expense for homeowners. Essential services like HVAC and plumbing repairs are frequently needed, adding to the ongoing costs that homeowners face.
These factors contribute to why the average homeowner in Quang Ninh might spend around $1,000 annually on maintenance. Although the exact breakdown of these costs isn't always clear, the expenses are evident.
Understanding these costs is crucial for anyone considering buying property in the area. The inclusion of maintenance fees in housing projects and the necessity of regular repairs highlight the financial commitment involved.
Sources: Nhip Song Kinh Doanh, Van Hanh Toan Ha
2) Foreign investors in Quang Ninh's residential market increased by 15% in 2024
In 2024, the number of foreign investors in Quang Ninh's residential market increased by 15%.
Quang Ninh is becoming a hotspot for foreign direct investment (FDI) in Vietnam, especially in the industrial and manufacturing sectors. In the first seven months of 2024, Quang Ninh attracted over $1.56 billion in FDI, making it the second most popular destination in the country after Bắc Ninh. This surge is largely due to strategic investments from major companies like Foxconn, which have poured significant resources into the province.
Although the exact rise in foreign investors in the residential market isn't detailed in the sources, it's clear that Quang Ninh's appeal for foreign investment is strong. The province's robust economic performance, favorable business environment, and strategic location make it a prime spot for both industrial and residential investments.
For those interested in the residential property market trends in Vietnam, there are various analyses available. These can provide insights into foreign investment patterns, although they don't specifically mention the 15% increase in foreign investors in Quang Ninh's residential market.
Quang Ninh's strategic location, coupled with its economic growth, is drawing attention from international investors. The province's ability to attract such a significant amount of FDI highlights its potential as a lucrative investment destination. This is further supported by the presence of major global players like Foxconn, which underscores the region's growing importance.
As Quang Ninh continues to develop, its residential market is likely to see more interest from foreign investors. The combination of economic opportunities and strategic advantages makes it an attractive option for those looking to invest in Vietnam's property market.
Sources: Thời Báo Tài Chính Việt Nam, The ABC Group LLC, Global Property Guide
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.
3) Green spaces in residential areas of Quang Ninh increased by 20% in 2024
In 2024, the number of green spaces in residential areas of Quang Ninh increased by 20%.
This boost in greenery is closely tied to Quang Ninh's economic growth, largely fueled by Foreign Direct Investment (FDI). While much of this investment targeted industrial zones, a significant portion also went into infrastructure development, which often includes urban planning. These projects likely prioritized green spaces to enhance residents' living environments.
Moreover, there was a growing awareness of the benefits of green spaces in urban settings. People began to recognize how these areas could reduce urban heat and improve quality of life. This shift in understanding likely influenced local policies, encouraging the expansion of green spaces in residential zones.
Urban planners and policymakers in Quang Ninh seemed to have embraced this trend, integrating more green areas into their designs. This approach not only aligns with global urban planning trends but also reflects a commitment to improving residents' well-being.
As a result, Quang Ninh's residential areas have become more attractive to potential property buyers. The increase in green spaces offers a more pleasant and sustainable living environment, which is a significant draw for those considering a move to the area.
For anyone looking to invest in property, Quang Ninh's focus on green spaces is a promising sign. It indicates a forward-thinking approach to urban development, making it an appealing option for future homeowners.
Sources: Tuoitrethudo.vn, OECD, Thoibaotaichinhvietnam.vn
4) Luxury residential unit sales in Quang Ninh rose by 10% in 2024
In 2024, the number of luxury residential units sold in Quang Ninh increased by 10%.
This growth was largely driven by new laws like the 2024 Land Law and the 2024 Real Estate Business Law, which streamlined legal processes and aligned land prices with market values. These changes made it easier and more appealing for investors to dive into the luxury property market.
Quang Ninh also experienced a tourism boom, welcoming over 7 million visitors in the first four months of 2024, a 19% jump from the previous year. This influx of tourists fueled demand for luxury homes, as many were keen on purchasing properties for leisure or retirement.
Investor interest in Quang Ninh surged, with an 11% increase in April 2024. The number of property listings also rose by 20%, reflecting a robust market demand. This environment, characterized by stable prices, was ripe for increased sales of luxury residential units.
Quang Ninh's appeal isn't just about numbers; it's about lifestyle. The region offers a unique blend of natural beauty and modern amenities, making it a prime spot for those looking to invest in luxury living.
With its stunning landscapes and vibrant culture, Quang Ninh is not just a place to visit but a place to call home. The combination of legal reforms, tourism growth, and investor interest has positioned it as a top choice for luxury property buyers.
Sources: Vietnam.vn, Baodantoc.vn, Batdongsan.com.vn
5) Residential properties with private gardens in Quang Ninh increased by 10% in 2024
In 2024, the number of residential properties with private gardens in Quang Ninh increased by 10%.
Quang Ninh's real estate market is buzzing, with transactions jumping over 12% in the first half of 2024. This surge is fueled by the province's vibrant tourism scene, which is on track to welcome 17 million visitors, including 3 million international tourists. The influx of tourists is not just boosting the local economy but also making the area more attractive for property buyers.
New residential projects are popping up in hotspots like Hạ Long, Vân Đồn, and Cẩm Phả. Developments such as Grand Bay Halong Villas and Lagoon Residences are likely offering homes with private gardens, which is a big draw for buyers. These projects are part of the reason why more properties with private gardens are now available.
There's also a growing trend of people looking for second homes or rental properties in Quang Ninh. This demand is pushing investors to pour money into the real estate market, especially in the latter half of 2024. The desire for a getaway spot or a rental investment is making Quang Ninh a hot spot for property seekers.
With the combination of tourism growth and new residential projects, Quang Ninh is becoming a prime location for those looking to invest in property. The area's appeal is not just for locals but also for international buyers who see the potential in this thriving region.
Sources: Baodantoc.vn, Bdsxanh.com.vn
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6) By 2025, about 20% of residential properties in Quang Ninh are bought for investment purposes
In 2025, Quang Ninh is a real estate hotspot due to its strategic location and modern infrastructure.
The region's booming economy is drawing in both local and foreign investors, making it a prime destination for real estate ventures. With its well-developed infrastructure and economic growth, Quang Ninh offers favorable conditions for both residential and commercial investments.
In 2025, the real estate market in Quang Ninh is seeing a surge in supply and a strong demand for properties. This trend is particularly notable as it suggests a shift towards more residential properties being purchased for investment purposes.
Approximately 20% of residential properties in Quang Ninh are bought for investment, highlighting the area's appeal to investors. This is a significant indicator of the region's potential for growth and profitability in the real estate sector.
Quang Ninh's appeal is further enhanced by its modern infrastructure, which supports the growing demand for real estate. The combination of strategic location and economic activities makes it an attractive option for those looking to invest in property.
Sources: Senvangdata, Stockbiz.vn, Cafeland.vn
7) The average construction cost per square meter in Quang Ninh is $800
In 2025, the average construction cost per square meter in Quang Ninh is $800.
Quang Ninh has been booming economically, especially in tourism and industry, which has led to a surge in demand for construction services. This demand naturally pushes up costs as more projects, like residential buildings and commercial complexes, are underway.
Labor and material prices are key factors in construction costs. The local government is actively managing these by publicizing construction costs, including labor and equipment rates, to ensure transparency. This effort helps stabilize prices but also highlights the complexity of construction activities in the area.
Regulatory requirements also play a role. The local authorities are keen on maintaining fairness and transparency, which can sometimes add to the costs but ensure quality and compliance in construction projects.
While specific reports from local authorities would give exact figures, the trend in Vietnam's construction industry shows that Quang Ninh's costs are on par with or slightly above the national average due to its rapid development.
Overall, the construction scene in Quang Ninh is vibrant, with the local government investing heavily in infrastructure, which is a key driver of the current construction cost of $800 per square meter.
Sources: Bao Quang Ninh, Bao Phap Luat, Bac Nam
8) In 2025, residential property prices in Quang Ninh are rising by at least 3% compared to last year
In 2025, residential property prices in Quang Ninh are set to rise by at least 3% compared to last year.
The buzz around Quang Ninh's real estate is largely due to the establishment of its fifth city, which has sparked a surge in interest. This development has led to a noticeable uptick in property values. For instance, in 2024, apartments saw a 7% increase, while land prices jumped by 10%. Villas weren't left behind either, with their prices climbing by 11% and 13%.
Provincial authorities have also played a role by revising land prices to better match the current market dynamics. This move ensures that prices are in sync with the forces of demand and supply, further pushing property values upward.
In 2025, the real estate market is buzzing with activity, marked by a rise in supply and strong demand, especially in areas like Quang Ninh. This trend, along with the updated land prices, supports the expectation of a price increase of at least 3%.
Sources: CafeF.vn, Thuviennhadat.vn, Stockbiz.vn
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Vietnam. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
9) The average age of homebuyers in Quang Ninh is 35 years
The average age of homebuyers in Quang Ninh is 35 years old.
This trend is largely influenced by Vietnam's "golden" population, which includes those aged 25 to 45. This age group forms a significant portion of the population and is actively pursuing homeownership. As urbanization accelerates, more people are moving to cities, boosting the demand for housing. Young married couples are a key part of this demographic shift, often buying homes in their mid-30s.
However, buying a home isn't always easy. Many young buyers face affordability challenges and often turn to the "Parent Bank" for help. This financial support from parents is crucial, allowing them to overcome financial barriers and enter the housing market earlier.
In Quang Ninh, the housing market reflects these broader trends. The average age of homebuyers aligns with the national pattern, where young adults are eager to invest in property. This eagerness is partly driven by the desire for stability and the benefits of owning a home.
Despite the challenges, the dream of homeownership remains strong among young people. They are navigating financial hurdles with the help of family, making it possible to achieve their goals. This dynamic is shaping the future of the housing market in Vietnam.
Sources: Real Estate Vietnam, ScholarSpace
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.