Upward trading
According to the report of the Khanh Hoa Department of Construction (old), in the first 6 months of 2025, the locality recorded nearly 16,200 real estate transactions, of which the second quarter alone reached more than 9,200 transactions, an increase of 32% compared to the first quarter, with a total value of more than 11,700 billion VND. In the second quarter, there were no new real estate projects eligible for business, however, real estate transactions still increased strongly, showing that the market demand was very large. The number of land transactions decreased slightly but the total value skyrocketed (up 274% compared to the first quarter), showing that the market has shifted from small speculative and surfing transactions to transactions focused on high-value land funds with complete legal documents.
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| MK Central City social housing project under construction. Photo: Anh Tuan |
In Ninh Thuan province (old), although the scale is smaller, there are still more than 1,400 transactions with a total value of nearly 1,300 billion VND, focusing mainly on suburban land, townhouses and new urban projects such as: Northeast Urban Area (K1), Binh Son - Ninh Chu... thanks to the soft price level, commonly 8 - 16 million VND/ m2 , suitable for real demand.
Mr. Tran Dinh Quy - Chairman of Khanh Hoa Real Estate Brokerage Association said that the arrangement of administrative units and the merger of provincial administrative units from July 1st was one of the factors leading to a significant increase in the number of real estate transactions in the second quarter, especially in the land and apartment segments. On the other hand, the new Housing Law, Land Law and Real Estate Business Law coming into effect, along with the directions of the Provincial People's Committee on removing difficulties and obstacles of real estate projects; policies to encourage investment in social housing and housing for low-income people also contributed to promoting investment and developing a healthy and sustainable real estate market.
Investors should be cautious
Real estate experts all said that the wave of investment to anticipate the information of merging provinces and cities has taken place strongly in many places across the country, reflected in the number of transactions increasing sharply by double digits compared to the first quarter, leading to a sharp increase in prices in many areas. Regarding supply, many new large-scale projects have been and are being implemented in the province, typically projects in Cam Lam, Nha Trang, Cam Ranh. In addition, a series of urban areas and commercial housing areas are also continuing to be built such as: My Gia urban area, Vega City, CCU-01, CT-02, KN Paradise apartments; MK Center social housing project; Thanh Hai resettlement area... Currently, in the province, there are still more than 600 unsold apartments and villas, more than 600 individual houses, 400 land plots and about 650 tourist apartments in stock. This also clearly reflects the market demand and cash flow towards housing products.
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| Perspective of Hung Phu II Apartment (North Nha Trang ward) has just approved the detailed planning project 1/500. |
Mr. Phan Viet Hoang - General Secretary of Khanh Hoa Real Estate Brokerage Association said that despite the "hot" growth, the real estate market in the coming time will stabilize again when the two-level local apparatus after the merger is put into operation. In particular, recently, the Government Standing Committee has continuously held two important meetings to discuss the real estate market. At the above two meetings, the Prime Minister and Deputy Prime Minister both emphasized the need to review and clarify the causes of the increase in real estate price structure. At the same time, resolutely and strictly handle acts of speculation, price inflation, and providing false information with the purpose of creating virtual fever and requesting ministries, branches and localities to resolutely handle acts of creating virtual prices, speculation, manipulation for profit in land auctions, and monopolizing the real estate market, not allowing people to be scammed.
Many experts also believe that to welcome the wave of large investors, Khanh Hoa needs to create an attractive and sustainable investment environment. Not only attracting new investment, the province also focuses on retaining old investors, supporting small and medium enterprises to improve productivity, expand scale, transform technology and increase competitiveness.
MANH HUNG
Source: https://baokhanhhoa.vn/kinh-te/202507/thi-truong-bat-dong-san-tiep-tuc-tang-truong-7726582/
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