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What is happening in Quang Ninh’s real estate market? Are prices going up or down? Is Ha Long Bay still a hotspot for foreign investors? How is Vietnam’s government impacting real estate policies and taxes in 2025?
These are the questions everyone is asking us every day—professionals, buyers, and sellers alike, from Ha Long City to Mong Cai and beyond. Perhaps you’re wondering the same thing.
We know this because we stay deeply connected with local professionals and people like you, diving into the Quang Ninh real estate market every single day. That’s why we created this article: to provide clear answers, insightful analysis, and a well-rounded perspective on market trends and dynamics.
Our goal is simple: to ensure you feel informed and confident about the market without needing to look elsewhere. If you think we missed the mark or could do better, we’d love to hear your thoughts. Feel free to message us with your feedback or comments, and we’ll work hard to improve this content for you.
1) Ha Long City’s residential property prices will rise as it gains popularity as a tourist destination
Ha Long City is becoming a hot spot for tourists, and residential property prices are expected to rise as a result.
In 2023, Ha Long Bay saw over 6.8 million visitors, and the goal for 2024 is to attract 14 million tourists. This surge in tourism means more people are looking for places to stay, which can naturally push property prices up.
The area isn't just sitting back and watching the tourists roll in; there's a lot of action on the ground. The province is rolling out projects like sustainable community tourism and a master plan for marine tourism. These efforts are set to boost the area's appeal for both tourists and investors, likely driving property values higher.
The government is also throwing its weight behind Ha Long's tourism scene. They're investing in recovery projects and initiatives, showing they're serious about making Ha Long a top destination. This kind of commitment can attract more investors, which often leads to higher property prices.
Then there's the vacation rental scene. Ha Long Bay has 660 active Airbnb listings with a median occupancy rate of 28%. This strong demand for short-term rentals is a clear sign that investors are eyeing the market, which can further drive up property prices.
With all these factors in play, it's no wonder that property values in Ha Long City are on the rise. The combination of increased tourism, government backing, and a thriving rental market makes it a prime spot for investment.
Sources: Visit Ha Long Bay, DTI News, Travel and Tour World, Airbtics
2) Relaxed property ownership rules will boost foreign interest in Quang Ninh
In 2023 and 2024, Vietnam made it easier for foreigners to invest in real estate by allowing them to own up to 30% of residential apartments in a building.
Quang Ninh is catching the eye of foreign investors thanks to its strategic location and top-notch infrastructure. It's now one of the leading areas for foreign direct investment (FDI) in real estate, alongside big cities like Ho Chi Minh City and Hanoi. This is part of a larger trend, with FDI in Vietnam's property sector jumping by 70% year-on-year, hitting over $1.98 billion by May 2024.
Foreign buyers are flocking to Vietnam for its competitive property prices, and Quang Ninh is a standout. The province's affordable prices and relaxed regulations make it a prime choice. Plus, government efforts to promote Quang Ninh as an investment hub are boosting its appeal even more.
Real estate agencies are seeing a spike in interest from foreign buyers, showing that people are catching on to the new, favorable rules. While specific numbers for Quang Ninh aren't available, the overall trend points to a likely increase in foreign property registrations in the area.
Quang Ninh's growing popularity among foreign investors is no surprise, given the province's pro-business environment and the government's push to attract more international interest. The relaxed property ownership regulations are a game-changer, making it easier for foreigners to consider Quang Ninh as a viable investment option.
With these changes, Quang Ninh is poised to become a major player in the Vietnamese real estate market, drawing in more foreign buyers who are eager to take advantage of the new opportunities.
Sources: VnEconomy, VIETDATA, VietNam News
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Vietnam versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) Government incentives will boost investment in Quang Ninh’s residential real estate
Quang Ninh is quickly becoming a hotspot for real estate investment, thanks to new government incentives.
One major draw is the massive $2 billion investment in infrastructure in Van Don district, a special economic zone. This area is being transformed with projects in logistics, high-end tourism, and entertainment, making it a magnet for both investors and future residents.
The real estate market in Quang Ninh is buzzing with activity. In the second half of 2024, there was a 11% surge in investor interest, and listings jumped by 20%. This shows a vibrant market with stable prices, which is exactly what potential investors are looking for.
Government policies are also paving the way for growth. The 2024 Land Law has made it easier to navigate land use, offering higher compensation for land prices and better project pricing. This is especially beneficial for overseas Vietnamese, opening up more opportunities in the high-end market.
Foreign investors are taking notice too. In 2024, Quang Ninh's real estate sector attracted $3.72 billion in foreign direct investment. This includes 29 new projects and significant capital increases in existing ones, signaling strong confidence in the area's potential.
With these developments, Quang Ninh is not just a place to live but a promising investment opportunity, driven by strategic government initiatives and a thriving market.
Sources: Invest in Quang Ninh, Vietnam Plus, Vietnam.vn
4) Residential property prices in Quang Ninh will stabilize following a period of rapid growth
The price of residential properties in Quang Ninh is expected to stabilize after a period of rapid growth.
In recent years, Quang Ninh has seen a surge in new residential developments. By 2023, the region completed 612 apartments as part of social housing projects. Looking ahead, a major project in downtown Hạ Long aims to provide homes for over 3,880 workers and low-income earners by 2026. This influx of new housing is crucial in balancing demand and stabilizing prices.
Government policies are also playing a role in cooling the real estate market. The amended Land Law and Housing Law, effective from January 1, 2025, offer incentives for social housing projects. These changes make it easier for projects to access foreign capital, ensuring more affordable housing options and contributing to market stability.
Economic growth in the region, especially in Quang Yen town, is another stabilizing factor. The town is focusing on modern and sustainable industrial development, which helps curb speculative buying. This approach is expected to lead to more stable property prices.
Quang Ninh's strategic development plans are designed to create a balanced real estate market. By increasing housing supply and implementing supportive policies, the region is working towards a more stable and accessible housing market for all.
Sources: VnEconomy, Vietnam News, VCCI News, The Investor
5) Quang Ninh will see a shift to smaller, affordable housing as consumer preferences evolve
Quang Ninh is seeing a shift towards smaller, more affordable housing options as consumer preferences evolve.
With the province planning to build 25,000 social houses by 2030, it's clear there's a push for budget-friendly living spaces. This ambitious target is a response to the growing demand for affordable housing, which is higher than initially expected.
Population density in Quang Ninh has increased, rising from 220,000 to 222,500 people per square kilometer between 2022 and 2023. This uptick highlights rapid urbanization and a greater need for compact living arrangements as more people flock to urban areas.
Real estate market trends show a move towards compact housing units, reflecting changing consumer preferences. The government is backing this shift with incentives to promote affordable housing development, aiming to complete over 100,000 social housing units by 2025.
These initiatives demonstrate the government's commitment to addressing the housing needs of low-income earners and workers. The focus is on creating efficient, smaller homes that cater to the evolving demands of the population.
As Quang Ninh continues to urbanize, the trend towards smaller, more efficient housing is expected to grow, driven by both consumer demand and government support.
Sources: Bao Quang Ninh, VnEconomy, CEIC Data
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6) Rental yields in Quang Ninh will rise as the tourism sector bounces back
Tourism in Quang Ninh is bouncing back strongly, drawing in millions of visitors.
In 2023, Quang Ninh welcomed 12.06 million tourists in just eight months, a huge jump from the previous year. This surge is a promising sign for those considering investing in rental properties, as more tourists mean more potential renters.
Take Ha Long Bay, for instance. The average occupancy rate for short-term rentals hit 28% in 2023. This steady demand is paired with attractive daily rates, averaging around VND1,039,145 (or about $45 USD), suggesting that property owners could see a nice boost in their rental income.
Quang Ninh's government is also playing a big role in this growth. They're investing heavily in tourism infrastructure and rolling out new hotel and resort projects. By 2025, the province aims to attract 17.5 million visitors, including 4.5 million international tourists. This influx is expected to further increase the demand for rental properties.
With more tourists flocking to the area, property owners can anticipate higher yields on their investments. The combination of rising occupancy rates and daily rental prices makes Quang Ninh an attractive spot for real estate investment.
As the tourism sector continues to recover, the potential for rental property earnings in Quang Ninh looks bright. The ongoing development and increasing visitor numbers are key factors driving this positive trend.
Sources: Quang Ninh Government, Vietnam Plus, Airbtics
7) Quang Ninh’s rental market will grow as more expatriates relocate there for work
The rental market in Quang Ninh is on the rise as more expatriates are moving there for work.
Foreign companies like Vingroup, SunGroup, and Texhong are setting up shop in Quang Ninh, bringing in expatriate workers who need housing. This influx is largely due to the local government's efforts to make Quang Ninh attractive to foreign investors. They've been busy developing infrastructure and offering policies that support expatriate communities.
One major development is the completion of the Bach Dang bridge, which connects the Ha Noi-Hai Phong expressway to Quang Ninh. This has made the area much more accessible, drawing in more expatriates who find the improved transportation appealing.
Quang Ninh is also seeing growth in international schools and healthcare facilities, catering to the needs of expatriates. This makes it easier for them to settle in and feel at home. The local media is buzzing about Quang Ninh as an emerging business hub, which only adds to its allure.
With these developments, it's no wonder that expatriates are increasingly choosing Quang Ninh for work opportunities. The combination of improved infrastructure, supportive policies, and a growing community makes it an attractive option.
As more expatriates move in, the demand for rental properties is expected to climb, offering potential opportunities for property investors. The local government's proactive approach and the presence of international companies are key drivers of this trend.
Sources: Vietnam.vn, Big News Network, VnEconomy
8) Investors will show more interest in Quang Ninh's coastal areas due to new tourism developments
The coastal areas of Quang Ninh are becoming a hot spot for investors, thanks to new tourism developments.
In 2023, Quang Ninh welcomed over 12 million tourists, a big jump from the previous year. This upward trend is expected to continue, with projections for 2024 estimating 19 million visitors, including more international tourists.
What's driving this boom? The government has poured money into upgrading the tourism infrastructure. The transportation network now meets international standards, making it easier for tourists to get there. New attractions like the Carnaval Ha Long 2024 and The Lighthouse Entertainment Complex are also pulling in the crowds.
International flights have increased, especially from China and the Republic of Korea, making Quang Ninh more accessible to global travelers. This ease of access, along with media buzz about the area's attractions, is making it a must-visit destination.
Investors are taking note of these changes, seeing the potential for growth in the region. The combination of improved infrastructure and rising tourist numbers is creating a fertile ground for investment opportunities.
With the government's focus on tourism and the influx of visitors, Quang Ninh is poised to become a major player in the tourism industry, attracting both tourists and investors alike.
Sources: Vietnam Plus, Vietnam News
We have made this infographic to give you a quick and clear snapshot of the property market in Vietnam. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) Property values near protected natural areas in Quang Ninh will rise due to environmental initiatives
Quang Ninh is seeing a boost in property values thanks to increased government investment in environmental protection.
Projects like waste collection, sewer dredging, and environmental cleaning are making a real difference. These efforts have improved the region's environmental quality, making it a more attractive place to live.
With forest coverage now at 53-54% and over 92% of household waste collected, the area is becoming a hotspot for property buyers. People are drawn to the cleaner, greener surroundings.
Globally, properties in areas with better environmental quality tend to be more valuable. In Quang Ninh, improved air and water quality and enhanced biodiversity are key factors driving this trend.
The local government's push for sustainable development is paying off. Their policies are not just improving the environment but also boosting property values near protected natural sites.
Quang Ninh's focus on green initiatives is making it a desirable place to invest in property. The combination of natural beauty and environmental efforts is a winning formula.
Sources: Nhandan, Nhandan, Nhandan
10) Luxury apartment demand in Quang Ninh will grow as affluent buyers look for vacation homes
The demand for luxury apartments in Quang Ninh is on the rise as more affluent buyers look for vacation homes.
In Vietnam, the number of high-net-worth individuals has grown by 2.4% to 752 in 2023, and it's expected to reach 978 by 2028. This increase means more people are likely to invest in luxury vacation homes, especially in attractive locations like Quang Ninh.
Quang Ninh is becoming a hotspot for luxury property buyers thanks to its high-end infrastructure. The Van Don International Airport and the stunning Ha Long Bay area are just a couple of the features that make it appealing. The Vietnamese government is also pushing tourism and real estate investment here, adding to its allure.
There's a noticeable shift towards coastal and resort-style living among wealthy buyers. With its beautiful beaches and scenic landscapes, Quang Ninh is a prime destination for those seeking this lifestyle. Media coverage often highlights Quang Ninh as a top vacation spot, which can boost interest in luxury properties.
For those in the know, Quang Ninh offers a blend of natural beauty and modern amenities, making it a compelling choice for luxury real estate. Buyers are drawn to the area's unique charm and the promise of a serene yet sophisticated lifestyle.
As more affluent individuals look for vacation homes, Quang Ninh's appeal is only set to grow. The combination of government support and natural attractions positions it as a leading choice for luxury property investment.
Sources: Bao Chinh Phu, World Bank
11) Young professionals moving to Quang Ninh will boost demand for modern apartments
Quang Ninh is buzzing with young professionals flocking to the area due to its prime location and thriving economy.
In 2023, Quang Ninh attracted over $3.1 billion in foreign investment, making it a leader among Vietnamese provinces. This surge in investment has opened up numerous job opportunities, drawing young talent from all over.
The province is focusing on industries like manufacturing, logistics, and tourism, which are boosting employment rates. The manufacturing sector, in particular, is expected to significantly contribute to the economy by 2025, showcasing the region's growth potential.
Quang Ninh is also investing in infrastructure, like the globally recognized Van Don International Airport, enhancing connectivity and making the area more appealing to young professionals looking for modern living conditions.
To cater to this influx, the province is rolling out modern apartment projects. By the end of 2023, 1,600 apartments in social housing projects were planned, with more developments on the horizon. This shows a clear trend towards meeting the housing needs of young professionals who prefer modern amenities.
With these developments, Quang Ninh is set to become a hub for young professionals, driving demand for modern apartments as they seek contemporary living spaces.
Sources: Vietnam.vn, DeepC.vn, VnEconomy.vn, KPMG
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12) Property interest in Quang Yen will surge due to its strategic location in the economic corridor
Quang Yen is quickly becoming a property hotspot, and its strategic location in the economic corridor is a major reason why.
Between 2020 and 2023, the provincial government poured VND8,250 billion into infrastructure, transforming Quang Yen into a vibrant city. Projects like the Vinh Tuy Bridge Phase 2 and Metro Line 3 are boosting connectivity, making the area ripe for real estate development.
The government is pushing for Quang Yen to achieve city status by 2025, focusing on seaports, logistics, and industries like ship repair and electronics. This strategic push is expected to attract significant investment, driving up property interest. Improved transport links, such as the Hạ Long – Cẩm Phả sea border and the Vân Đồn-Móng Cái highway, are making Quang Yen more appealing for businesses and residents.
Foreign direct investment is flowing into Quang Yen, thanks to its strategic location and infrastructure upgrades. This influx is likely to boost property demand as companies and their employees look for housing. Media reports highlight Quang Yen's importance in the economic corridor, underscoring its potential as a dynamic coastal city with significant untapped potential.
Investors and developers are taking notice, and this attention is expected to contribute to the surge in property interest. The town's strategic location and ongoing development make it a prime spot for future growth.
With all these factors in play, Quang Yen is poised to become a key player in the region's real estate market, offering opportunities for both investors and residents.
Sources: VCCI News, Vietnam News
13) New property tax rules will affect the profitability of real estate investments in Quang Ninh
Changes in property tax regulations are set to shake up real estate investments in Quang Ninh.
In the past, the hospitality real estate sector in Vietnam, including Quang Ninh, struggled due to the pandemic. But with new laws kicking in from August 2024, there's now a stable framework in place. This is great news for investors because it means a more predictable environment for their investments.
Quang Ninh's budget is looking up, thanks to a boost in tax revenue from key imports like petroleum and coal in early 2023. This financial health might lead to changes in property tax regulations, impacting real estate investment profitability. A well-funded local government could tweak tax policies to attract more investment, giving the real estate market a nice push.
Experts are optimistic about the hospitality real estate segment bouncing back, thanks to a surge in tourism and international arrivals. This recovery is likely to improve rental yields and overall market profitability. The new laws aim to create a stable, long-term framework, aligning government goals with better real estate market dynamics, which could further boost investment profitability.
Sources: Hanoi Times, VCCI News, Bao Hai Duong
14) Less developed areas in Quang Ninh will attract more interest with planned infrastructure upgrades
Quang Ninh's less developed areas are catching the eye of property buyers thanks to major infrastructure upgrades.
Imagine living in a place where new seaports are popping up, expected to bring in over $1 billion by 2025. This isn't just about numbers; it's about transforming these areas into bustling hubs with better connectivity and logistics. The government's push for these projects is making these regions more appealing for both locals and investors.
One of the game-changers is the new Hải Phòng – Hạ Long – Vân Đồn – Móng Cái expressway. This expressway is like a lifeline, linking less developed areas with major cities. It means smoother travel for people and faster transport for goods, which is a big win for anyone considering a move or investment here.
Now, let's talk about property prices. In places like Hanoi, prices are soaring, pushing investors to look elsewhere. Emerging regions are becoming the go-to for affordable options. As prices keep climbing in the big cities, these less developed areas are starting to look like a smart choice for those seeking better value.
With these infrastructure improvements, Quang Ninh is not just a place to live; it's a place to thrive. The combination of new transport links and rising property prices in other areas is creating a perfect storm for growth. Investors are noticing the potential and are eager to get in on the action before prices catch up.
So, if you're thinking about buying property, keep an eye on Quang Ninh. The changes happening here are setting the stage for a bright future, making it a prime spot for investment. It's not just about the present; it's about the promise of what's to come.
Sources: The Shipping Gazette, Invest in Quang Ninh
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.
15) Smart home technology will be a major selling feature for new properties in Quang Ninh
Smart home technology is becoming a big deal in Quang Ninh.
Globally, the smart home market is on fire, with projections to hit $633.2 billion by 2032. This boom is reflected in Vietnam, where the IoT market, including smart homes, is set to grow from $2 billion in 2019 to $7.3 billion by 2025. In Quang Ninh, people are catching on, and the demand for smart home gadgets is climbing fast.
Expect the smart home market in Quang Ninh to grow at a 5.6% annual rate from 2024 to 2028, with a whopping 1.1 billion units expected to ship by 2028. This surge is largely because more than half of Vietnamese companies see IoT, including smart homes, as a top tech trend shaping their future.
The Vietnamese government is all in on smart cities, pushing for smart home tech in urban planning. This move nudges real estate developers to add smart features to homes, making them more appealing to buyers. It's becoming common to see real estate ads in Vietnam flaunting smart home perks.
Real estate developers in Quang Ninh can look at successful smart home projects across Vietnam for inspiration. These examples show how smart home features can boost living standards, save energy, and beef up security, making properties more attractive to buyers.
Sources: Vietnam.vn, IDC, Vietnamnet, Exploding Topics
16) Mong Cai’s real estate market will expand as it becomes a major trade hub with China
The real estate market in Mong Cai is poised for growth as the city emerges as a key trade hub with China.
In 2023, trade through the Mong Cai border gate hit nearly 2.5 billion USD, marking a steady rise over the years. This surge in trade signals a boost in the city's economic activity, which often translates to a higher demand for real estate. As businesses flock to the area, the need for commercial and residential properties is expected to climb.
Infrastructure is getting a major upgrade in Mong Cai, with projects like the Van Don - Mong Cai expressway and the Van Ninh General Port. These developments are not just about better roads; they make the city more appealing for both businesses and residents. Improved connectivity means easier access, which is a big draw for anyone looking to invest in property.
The government is also stepping up, with policies that promote Mong Cai as a strategic trade hub. Their vision includes developing modern urban spaces and boosting investment by enhancing border trade services, logistics, and international travel. This creates a welcoming environment for real estate growth, attracting more investors and businesses to the area.
As Mong Cai continues to evolve, the combination of increased trade, better infrastructure, and supportive government policies makes it a promising spot for real estate investment. The city's transformation into a bustling trade hub with China is a key factor driving this trend.
Sources: Vietnam.vn, VietnamPlus, Invest in Quang Ninh
17) Quang Ninh will see rising demand for retirement-friendly housing due to its aging population
The aging population in Quang Ninh is driving a need for more retirement-friendly housing.
In Quang Ninh, the number of elderly people is on the rise, with Vietnam expecting over 21 million seniors by 2038. This shift means more folks will be on the lookout for homes that fit their retirement lifestyle. Imagine communities designed with easy access to healthcare and social activities, making life easier and more enjoyable for retirees.
The Vietnamese government is stepping up to the plate, rolling out policies to support an aging society. They're focusing on enhancing healthcare services and infrastructure, which are key to creating retirement-friendly environments. This governmental push is likely to spur the development of housing that meets the needs of older residents, offering peace of mind and convenience.
Investors are catching on to this trend, pouring money into infrastructure that benefits seniors. Think of new healthcare facilities and community programs popping up, all aimed at making life better for the elderly. This investment wave is making Quang Ninh an attractive spot for retirees, as it promises a supportive and engaging environment.
With these changes, Quang Ninh is becoming a hotspot for retirement living. The combination of government initiatives and private investment is creating a landscape where retirement-friendly housing is not just a concept but a reality. It's a place where seniors can enjoy their golden years with the amenities and care they need.
As the population ages, the demand for such housing will only grow, making it a smart move for those looking to invest in property. The region is poised to become a leader in retirement living, offering a blend of comfort, care, and community for its elderly residents.
Sources: VietnamPlus, VNAHG
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18) Eco-friendly home demand in Quang Ninh will rise with growing environmental awareness
People are increasingly thinking about the environment when choosing their homes.
In 2023 and 2024, the global market for green building materials was booming, with expectations to surpass USD 580 billion by 2029. This trend is a clear sign of the growing demand for eco-friendly construction, which is likely to impact areas like Quang Ninh. The region is already known for its efforts in promoting sustainable tourism and green living, which naturally extends to real estate.
Consumer demand and government incentives are driving the sales of sustainable building materials. While we don't have specific numbers for Quang Ninh, the global trend suggests that the region will likely see a rise in the use of these materials. Quang Ninh's active promotion of green practices supports this expectation.
The media's focus on sustainable living and green homes is changing local perceptions and increasing demand. This heightened awareness is expected to boost interest in eco-friendly housing options. The Vietnamese government's commitment to reducing emissions to net zero by 2050 shows a national focus on sustainability, which could lead to local initiatives supporting eco-friendly construction in Quang Ninh.
As environmental awareness grows, the demand for eco-friendly homes in Quang Ninh is likely to increase. The region's dedication to green tourism and sustainable practices aligns with this trend, making it an attractive option for environmentally conscious buyers.
Quang Ninh's efforts in promoting sustainable tourism and green living practices are likely to influence the real estate market. The region's focus on sustainability is expected to attract buyers interested in eco-friendly homes, further driving demand.
Sources: GlobeNewswire, Nhan Dan, IFC
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.