Vietnam’s exceptional actual property tasks in 2024

As Vietnam’s real estate market grapples with challenges, several key projects launched in 2024 are injecting fresh momentum into the sector, offering hope for both investors and buyers.

Such projects, led by renowned developers, met legal requirements, have good locations, construction quality, and amenities, and show transparency, helping to rejuvenate the market.

Among the standout projects is Sun Urban City Phu Ly, developed by Sun Group in the northern province of Ha Nam. Spanning 420 hectares, the project features nine-storey apartments starting at VND29 million ($1,140) per square meter and low-rise townhouses priced from VND95 million ($3,732) per sqm. The first phase is set for delivery in Q2/2026.

Another notable project is the Waterpoint by Nam Long Group, in collaboration with Japan’s Nishi-Nippon Railroad. Located in the Mekong Delta province of Long An, the 355-hectare project offers a range of luxury properties, including riverfront villas priced from VND18-30 billion ($1.18 million) for sizes ranging from 600-1,000 sqm and grand villas from VND10-16 billion ($628,562) for 300-500 sqm. Other villas and townhouses are available from VND3.6 billion to VND11 billion ($432,136), depending on sizes and locations.

Vingroup, Vietnam’s largest private conglomerate, continues to dominate the market with major projects such as Vinhomes Royal Island in Hai Phong city and Vinhomes Global Gate in Hanoi.

The 877-hectare Vinhomes Royal Island will feature luxury villas, townhouses, and shophouses, with prices starting at VND9 billion ($353,566) for townhouses and rising to VND17.1 billion for villas.

Meanwhile, Vinhomes Global Gate, spanning 385 hectares, offers over 4,000 units with prices ranging from VND17-36 billion ($1.4 million) for shophouses and VND40-200 billion ($7.86 million) for villas.

Luxury apartment projects from Masterise and MIK Group also feature prominently, including Masteri Grand Avenue and The Continental in Hanoi. Masteri Grand Avenue offers apartments starting from VND3.14 billion ($123,355), with units ranging from 26.9 to 138.1 sqm. Meanwhile, The Continental offers premium apartments starting at VND100 million ($3,928) per sqm, catering to the high-end market.

In the resort real estate segment, Libera Nha Trang, developed by KDI Holdings, stands out as a major attraction in 2024. The 42.8-hectare beachfront project features 168 shophouses, 98 beach villas, and 2,413 beach apartments. Prices for the apartments range from VND1.2 billion to 3.2 billion ($125,712), “warming up” the resort market after a period of stagnation.

In southern Vietnam, established developers are continuing to shape the affordable housing market. Bcons Avenue in Binh Duong, developed by Bcons Group, and SkyOne by Phu Dong Group are attracting buyers with units starting from VND1.5 billion ($58,928). Both projects target young professionals and middle-income buyers, offering affordable housing solutions in the growing suburban markets.

In Ho Chi Minh City, Eaton Park by Gamuda Land and Masteri Grand View by Masterise, both in Thu Duc city, have created significant buzz. The two projects have already garnered thousands of pre-sale reservations, with Eaton Park attracting 2,700 bookings and Masteri Grand View exceeding 4,200 reservations. Both projects offer units priced from over VND100 million ($3,928) per sqm, reflecting strong demand in the city’s rapidly developing eastern districts.

Finally, Nhon Phu 2, a social housing project in Quy Nhon, the south-central province of Binh Dinh, marks a significant development for affordable housing in Vietnam. The 3.8-hectare project, developed by Solrise Nhon Phu Co., Ltd., will provide 714 social housing units and 48 townhouses, with prices starting at nearly VND12 million ($471) per sqm (excluding taxes and fees).