After the slowdown, Lam Dong real estate is bustling again?

In early August 2025, the Department of Construction issued a document on strengthening the management of the real estate market in Lam Dong province, after the Provincial People's Committee issued Document No. 546 dated July 23, 2025 on rectifying the situation of illegal real estate brokerage and handling administrative procedures related to land.

Land in coastal urban areas. Photo: Ngoc Lan

“Warmth” of the coastal area

After information about the inspection of projects, mainly housing projects with difficulties, problems, and long-term backlogs in coastal areas, was released in early August 2025, the housing market in the Southeast of the province has been moving in two states. That is, quietly stopping activities that violate regulations related to real estate, and at the same time, paving the way for product lines of projects that are eligible to open for sale.

Next, in recent days, the preparation for the groundbreaking and inauguration of projects on September 2, the 80th anniversary of the National Day of the Socialist Republic of Vietnam, in which most of the projects are in the coastal areas of the province, has signaled that other major projects will continue to create warmth for the housing market in particular and real estate in general here. These include the inauguration of the road to Phan Thiet airport, the launch of the social housing area at Ham Kiem II Industrial Park, the groundbreaking of the Ham Kiem resettlement area, a place for households related to the North-South High-speed Railway project...

Therefore, positive information about this market has spread very quickly. With a capital market that was previously very bustling and accompanied by no less chaos, with the increasing demand for coastal housing of all kinds, while real estate project owners have not yet completed the legal procedures but want to sell their products, the rise is also predicted to be strong. Notably, this market has many diverse and rich product lines, from social housing, commercial housing to resort villas in tourism projects ...

According to information from the Department of Construction of Lam Dong province, through review and statistics up to now, in the coastal area of the province, there are 29 investment projects to build residential areas, urban areas, and commercial housing that are still in effect; of which 8 projects are eligible to transfer land to people to build their own houses, 3 projects are eligible to sell houses formed in the future, 9 projects are implementing infrastructure construction, 2 projects have completed infrastructure construction and handed over to local management, 14 projects have not completed investment procedures and are stuck with site clearance.

Road to Phan Thiet airport. Photo: Ngoc Lan

In addition, there are 38 projects of resort tourism combined with real estate business, including: 13 projects of villas for sale and long-term lease, 25 projects of villas for sale and lease according to the project life cycle. Of which, 3 projects are eligible for buying and selling real estate transactions in the future. Meanwhile, there are 5 projects of social housing, housing for workers, including 1 project in operation, 3 projects under construction, 1 project in the investment preparation stage and 3 projects are eligible for selling houses in the future.

Creating a market for peace of mind

Because of the diversity as above, the regulations applied to each type of product market are also different. And product buyers, if not carefully researched, can easily follow the "whirlwind" of "buried capital"... Because in reality, according to the assessment of the Provincial Department of Construction, currently, most of the investment projects for commercial housing construction, investment projects for urban construction and resort areas combined with real estate business here are in the stage of implementing investment procedures. Specifically: establishing planning tasks, planning projects, establishing investment approval proposals, establishing investment projects, establishing construction drawing design documents, compensation, site clearance, establishing land allocation documents, applying for construction permits...

Mui Ne National Tourist Area. Photo: Ngoc Lan

However, before that, investors, distributors, and real estate brokers had organized capital mobilization and the purchase and sale of future housing without meeting the prescribed conditions through the forms of reservations, bookings, and location registrations to collect money from buyers. At the same time, a series of other illegal activities also occurred, such as: the form of publicizing information about real estate put into business was not in accordance with regulations; advertising and introducing products in real estate projects was not in accordance with the construction planning and project design approved by competent authorities...

It is clear that the housing market in particular, the real estate market in the coastal area, has slowed down before and after the merger of the province. But now it seems to be restarting. Meanwhile, the real estate market in the administrative center of the province is more vibrant, especially the housing market.

From this situation, in early August, the Department of Construction issued a document on strengthening the management of the real estate market in Lam Dong province, after the Provincial People's Committee issued Document No. 546 dated July 23, 2025 on rectifying the situation of illegal real estate brokerage and handling administrative procedures related to land.

Accordingly, in order to move towards a healthy and sustainable development of the real estate market in Lam Dong province, the Department of Construction requests the People's Committees of communes, wards, and special zones; project investors; real estate trading floors; real estate brokerage service business organizations and individuals practicing real estate brokerage to implement specific contents.

As for the People's Committees of communes, wards and special zones, in addition to promptly and regularly publicizing information on types of planning approved by competent authorities, it is necessary to promote propaganda, dissemination and education of laws on investment, land, construction and real estate business in various forms to relevant organizations and individuals.

At the same time, coordinate with investors to widely publicize information about projects in the area on the media and notify people about projects that are not eligible to mobilize capital and are not eligible to sell future housing.

At the same time, actively warn people to be vigilant against unhealthy trading behaviors, false information, avoid risks and economic losses arising when participating in transactions... On the other hand, strengthen the management of construction order in the area; strictly handle real estate brokerage and trading behaviors when not ensuring conditions according to legal regulations.

Requirements for real estate project investors according to the official dispatch of the Department of Construction:
Carry out investment in construction, business, and management of real estate projects in accordance with the provisions of law; not allowed to mobilize capital when not meeting the conditions for real estate business as prescribed and only allowed to trade in real estate formed in the future when meeting the conditions prescribed in the Housing Law and the Real Estate Business Law; when transferring a real estate project (transferring the entire or a part of a real estate project), it is necessary to comply with the provisions in Chapter V of the 2023 Real Estate Business Law...

Source: https://baolamdong.vn/qua-chung-bat-dong-san-lam-dong-soi-dong-lai-387793.html