700 units were available on the resort real estate market in the second quarter, when compared to the same period last year.
- 140
- Business
- 21:53 09/08/2023
DNHN - The price of resort real estate continued to decline, albeit at a slower rate than at the end of last year.
The Ministry of Construction recently released a report on the country's real estate market in the second quarter of 2023. In it, the ministry also provides information regarding hotel, lodging, and resort prices.
General evaluation
In the second quarter of 2023, the new supply of hotels and resorts across the nation was supplemented by only a handful of open and operational projects.
Tu Lan Lodge Resort (Hoa Binh), The Anam Mui Ne 5-star resort (Phan Thiet), the 4-star Grand Mercure Hotel (Hanoi), and the 4-star hotel The Tray Do Son Hotel (Hai Phong) are examples of typical projects.
Also in the second quarter of 2023, the province of Tay Ninh will only have one newly licensed resort tourism project - "Thematic sightseeing and resort on top of Ba Den Mountain, Nui Ba Den National Tourist Area, Tay Ninh Province" Tay Ninh is a province in Vietnam.
Valuation of resort real estate
The price of resort real estate continues to decline, but the rate of decline is not as steep as it was at the end of last year. This is because current capital costs are still high, but market liquidity is almost nonexistent. document transactions.
In the adjacent segment, shophouses, the primary selling price level remained unchanged compared to the previous quarter and the same period last year, ranging from 6.1 to 16.3 billion VND per unit based on the apartment size and location.
In particular, the Kim Long City Project (Nguyen Sinh Sac Street, Hoa Minh Ward, Lien Chieu, Da Nang) has a selling price of approximately 96.75 million VND per square meter; the Tropicana project, Novaworld Ho Tram (Xuyen Moc district, Ba Ria Vung Tau) has a selling price of approximately 69.44 million VND per square meter; and so on.
The condotel market is also experiencing a decline in liquidity, with the majority of projects experiencing a high volume of transactions. Approximately 700 units will be in stock by the end of the second quarter of 2023, according to a survey of various organizations.
The primary price level tends to decrease by 3-6% compared to the same period the previous year. The majority of transactions involve handed-over, legally-completed projects with selling prices ranging from VND 1.5 to 5 billion per unit, depending on the size of each flat and its location.
The Sang Residence (Da Nang) had a selling price of approximately 49 million/m2 in the second quarter; Vinpearl Beach Front Condotel (Nha Trang, Khanh Hoa) has a selling price of approximately 30.12 million/m2; and Flamingo Bien Hai Tien (Thanh Hoa) has a selling price of approximately 47 million/m2.
Nhan Ha
Related news
- Are Vietnamese firms overlooking their most valuable “gold mine”?
- Iran Conflict and the “Double Shock” to the Global and Vietnamese Economies
- After 8 years and trillions sent abroad, are uST investors caught in a risky no-exit situation?
- When Cryptocurrency leaves the "Grey Zone": How are Vietnamese investors seeking profits?
- When the tech unicorn dream is undermined by reckless fundraising structures
- From New Year messages of World Leaders to the “new rules” of the Global economy in 2026
- Connecting Leaders, Shaping the Future: Strategic Leadership Planning Meeting – CorporateConnections Hanoi A
- Sunlight - Unilever Vietnam Recognized for Outstanding Contributions to the National Initiative Supporting Women Entrepreneurs
- Deputy Prime Minister Nguyễn Chí Dũng: “The country’s major challenges weigh heavily on my mind — and we must resolve them together.
- Unitsky String Technologies signs cooperation agreements with three Vietnamese partners, opening a new direction for smart mobility and sustainable development
- When artists do business – livelihood is no poetry!
- Before the D‑day to abolish flat‑rate tax: Fear of technology and costs leave small traders struggling to adapt
- Vietnamese enterprises at a crossroads: the impact of a potential US–China deal
- "Digital technicians" must not be forgotten if Vietnam aims to meet its strategic goals
- HDBank: Impressive profit growth, leading in profitability and advancing international integration
- TNI King Coffee sued for over VND 5 Billion in unpaid debts
- VINASME and Jeonnam Technopark Sign MOU on technology cooperation, human resource training, and trade promotion
- Vietnamese entrepreneurs strengthen ASEAN connectivity in the digital iIntegration era
- Vietnam upgraded to Secondary Emerging Market by FTSE Russell
- Hanoi’s economy grows 7.92% in first nine months of 2025, FDI surges nearly threefold
Đọc thêm Business
What truly defines corporate value in a rapidly evolving digital era?
In the digital age, corporate value is no longer confined to tangible assets but increasingly resides in brand equity, data, and knowledge - intangible assets that ultimately determine competitive strength.
Are Vietnamese firms overlooking their most valuable “gold mine”?
In the digital economy, corporate value no longer primarily resides in factories or machinery. A growing body of research highlights a fundamental shift in how value is created.
Iran Conflict and the “Double Shock” to the Global and Vietnamese Economies
The outbreak of conflict in Iran since late February 2026 is sending significant shockwaves through the global economy.
After 8 years and trillions sent abroad, are uST investors caught in a risky no-exit situation?
The article “When the Tech Unicorn Dream Is Undermined by Careless Capital-Raising Funds” pointed out legal risks and financial structural issues in the fundraising model related to the uST ecosystem.
When Cryptocurrency leaves the "Grey Zone": How are Vietnamese investors seeking profits?
From a market operating in the "grey zone," cryptocurrency in Vietnam is entering a phase of reshaping as a series of Government orientations, decrees, resolutions related to digital assets, financial security.
When the tech unicorn dream is undermined by reckless fundraising structures
A green transport technology project in Belarus, thousands of kilometers from Vietnam has continued to attract capital from a significant number of Vietnamese investors.
From New Year messages of World Leaders to the “new rules” of the Global economy in 2026
At a pivotal moment of transition, New Year messages from capitals such as Hanoi, Beijing, Washington and Paris reflect distinct priorities and strategic visions.
Connecting Leaders, Shaping the Future: Strategic Leadership Planning Meeting – CorporateConnections Hanoi A
"Your network is your most powerful flowing asset. It generates value, multiplies opportunities, and accelerates your influence across borders."
Innovative ESG enterprise: Trạm Xe Việt startup proposes solutions to build a green mobility ecosystem
As Vietnam commits to achieving Net Zero by 2050 and tightens emissions standards, the transportation sector faces unprecedented pressure to transform.
Deputy Prime Minister Nguyễn Chí Dũng: “The country’s major challenges weigh heavily on my mind — and we must resolve them together.
On the morning of November 26, 2025, Deputy Prime Minister Nguyễn Chí Dũng chaired a high-level working session at the National Innovation Center (NIC) in Hòa Lạc.