Lots of room to exploit
The merger of Khanh Hoa and Ninh Thuan from July 1st opened an important turning point, creating a new potential marine economic zone in the South Central region. Khanh Hoa (old) was already a "hot spot" of the real estate market with 3 key areas: Van Phong, Nha Trang and Cam Ranh - where large-scale tourism, resort, seaport and industrial park projects converge. Meanwhile, Ninh Thuan (old) stands out with the pristine beauty of Vinh Hy beach and the potential for renewable energy development. This merger not only helps to synchronously connect transport infrastructure, tourism and regional economy, but also creates a strong boost for real estate when exploiting geographical advantages, landscape, climate and investment resources.
 |
| A corner of Nha Trang Bay. |
Mr. Tran Dinh Quy - Chairman of Khanh Hoa Real Estate Brokerage Association shared that the merger will lead to the restructuring of regional planning, forming a new large-scale administrative - economic - tourism center. Khanh Hoa and Ninh Thuan possess many untapped potentials in the real estate sector thanks to their strategic location along the central coast, increasingly complete transportation systems, and favorable natural conditions. Both localities have large land funds, reasonable land prices, and open investment attraction policies. This is an important space for the real estate market to develop in a sustainable direction, anticipating the trend of shifting domestic and foreign investment flows in the coming period.
Many real estate experts have affirmed that after the merger, the two provinces will create an administrative entity with outstanding advantages in terms of geographical location, transport infrastructure and natural resources, including the strategic seaport of Cam Ranh, the Ca Na port under construction and Cam Ranh international airport. This infrastructure convergence will turn real estate, especially urban, industrial and resort real estate, into the sector that benefits most directly and strongly after the merger. At the same time, it will open a new period of growth, in which real estate plays the role of a strategic driving force.
Mr. Nguyen Tien Nghi - Chairman of the Board of Directors and General Director of MK Construction Investment Joint Stock Company affirmed that Khanh Hoa has just become an economic - tourism "super province", possessing the longest coastal axis in Vietnam with 2 airports and 4 seaports, a strategic geographical area and strong potential for breakthroughs in economy - infrastructure - tourism - energy - high technology. From here, 2 development poles are formed: The northernmost Khanh Hoa - Nha Trang: The international tourism - service center has developed strongly over the past 10 years. The southernmost Khanh Hoa - Phan Rang has more room and is becoming a center to attract cash flow thanks to its rare advantages. In addition, a wave of experts in the fields of nuclear energy and artificial intelligence are massively moving here, creating a great boost in demand for services and real estate for the southern center of Khanh Hoa, leading to a sudden increase in demand for housing, commerce and services, creating a lot of room for price increases for the real estate market here.
Expectation of breakthrough
Mr. Phan Tu Liem - Deputy General Director of New City Real Estate Floor, New City Trading and Investment Company Limited, said that this will be a golden time for the real estate market to break through, attracting domestic and foreign capital flows, especially ecological urban projects, high-end resorts and coastal industrial parks. At the same time, it is expected that the real estate market will break through, changing the face of many urban areas in a modern direction; building many real estate tourism products, changing wild areas into international-class tourist areas; providing a huge amount of housing for the urbanization process and increasing urban population; especially making an important contribution to the budget revenue...
 |
| A corner of Vinh Hy Bay. |
In fact, the real estate market in both Khanh Hoa and Ninh Thuan has been "heating up" again over the past year with a series of large projects. In particular, after the Housing Law 2023, the Real Estate Business Law 2023, and the Land Law 2024 took effect, the real estate market has flourished as the number of transactions and transaction values increased sharply. From 2024 to present, Khanh Hoa has approved the investment policy of a number of large projects in Nha Trang, Cam Ranh, Cam Lam, Van Phong Economic Zone and these projects have been organized for bidding in accordance with the law to find investors. In particular, large investors such as Vingroup, Sun Group, KN Cam Ranh, KDI Holding, VCN ... are actively implementing large projects.
Notably, from the beginning of 2025 to now, Khanh Hoa has attracted 16 non-budget investment projects with a total registered investment capital of more than VND 298,720 billion. Of which, there are a number of large-scale projects in the real estate sector, such as: Cam Lam New Urban Area with a total registered investment capital of VND 283,300 billion; Mui Co - Bai Ran Complex with a registered investment capital of more than VND 4,264 billion; Vung Ngan Complex with a registered investment capital of more than VND 2,852 billion... The locality has completed procedures for selecting investors for 6 large-scale urban area investment projects such as: Co Ma High-class New Urban Area with a total investment capital of about VND 5,970 billion; Nha Trang City Mixed Urban Area with about VND 17,300 billion; Cam Tan Urban Complex, Cam Thuong Urban Complex, Cam Hoa Urban Complex... each project has a capital of more than 5,000 billion VND.
In Ninh Thuan (temporarily called the southern Khanh Hoa area), there are also nearly 70 projects calling for investment in real estate and urban areas, including many large-scale projects with a scale of over 1,000 billion VND. As of the end of May, the entire area had 7 housing and real estate development projects licensed, under implementation and completed, including: Northeast Urban Area (K1), Binh Son - Ninh Chu Coastal Urban Area (K2), Dam Ca Na Urban Area, Phu Ha New Urban Area, Tan Hoi Residential Area, Thap Cham Residential Area, Phan Rang Center Project.
Real estate experts also believe that, for the real estate market to develop sustainably, after the merger, the new province needs to have mechanisms and preferential policies to attract large investors to develop infrastructure, creating real value in terms of jobs and income for the people. This is the driving force for sustainable growth of the real estate market.
MANH HUNG - HONG NGUYET
Source: https://baokhanhhoa.vn/kinh-te/202507/suc-bat-moi-cho-thi-truong-bat-dong-san-7ef246f/
Comment (0)