Binh Dinh province currently has five main growth pillars including high-tech industry, tourism, processing industry, port services, logistics and urban economic development. The urbanization rate of the province is growing relatively rapidly, reaching about 46% in 2024. In particular, the tourism industry is growing strongly with more than 9 million domestic visitors in 2024, an increase of 83% compared to last year.
In addition, promoting public investment disbursement has also helped the transport infrastructure system in Binh Dinh make great strides with 5 key national highways.
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| Quy Nhon - the capital of Binh Dinh province, is emerging as a bright spot in the real estate market in the Central region of Vietnam. (Source: Thanh Nien Newspaper) |
National Highway 19 is the main and important driving force of the whole region, strongly connecting Binh Dinh province and the Central Highlands provinces with the gateway to the sea, Quy Nhon port. Phu Cat airport is also being upgraded with an expected capacity of 5 million passengers/year by 2030.
With natural advantages, beautiful landscapes and large land fund, Quy Nhon's residential real estate market is expected to develop strongly, especially towards the Northern region. The expansion and development of transport infrastructure, along with modern urban planning projects, will create great momentum for the growth of this market.
Low-rise real estate with solid legal status attracts attention
According to data from Batdongsan.com.vn , the group of customers interested in Quy Nhon real estate mainly comes from Ho Chi Minh City (24%), Binh Dinh (22%) and Hanoi (16%), reflecting the need to find real estate products for investment or settlement. In addition, up to 10% of customers are from abroad, which shows the great potential of Quy Nhon real estate.
For each type of real estate in Quy Nhon, the level of interest and selling price are differentiated. The interest in apartments has improved slightly in 2024, but the price level has not recovered, currently fluctuating at 25 million VND/m2, down nearly 14% compared to the beginning of 2023.
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| Selling price, distance and legality of some projects in Quy Nhon. (Source: batdongsan.com.vn) |
Some apartment projects in Quy Nhon are facing delays in handover compared to the expected schedule, causing concern for buyers and investors. Townhouses and villas have seen strong fluctuations in selling prices, which are not stable. Interest in this type of property has not recorded a clear growth, showing investors' caution.
Land is the type of property that has had the most positive developments in recent times. The level of interest and land prices in Quy Nhon have improved significantly. Projects with complete infrastructure and clear legal status have recorded a slight increase in price, while unfinished projects have maintained stable or decreased prices. This trend shows that low-rise real estate with solid legal status is still the most attractive investment option in Binh Dinh.
Quy Nhon real estate prices are low
Another important factor that makes Quy Nhon considered a "shoreline real estate" market is that the price level is still relatively low compared to other coastal cities.
The average land price in Quy Nhon fluctuates around 29 million VND/m2. This shows that the room for price increase of Quy Nhon real estate is still large, when infrastructure and urbanization continue to be strongly promoted in the coming time.
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| Quy Nhon real estate prices are still relatively low compared to other coastal cities. (Source: batdongsan.com.vn) |
With land products, especially in urban areas far from the center, consumers now have more stringent selection criteria. They pay attention to factors such as traffic infrastructure, clear legal status, long-term development potential and surrounding amenities. This reflects the trend of buyers not only looking for investment opportunities but also placing high demands on the quality of life and sustainable value of the project in the future.
However, one of Quy Nhon's current limitations is the lack of all-in-one urban areas - a model that fully integrates living facilities such as shopping centers, schools, hospitals and green parks.
Only a few projects have notable amenities such as An Phu Thinh Urban Area with FPT University or Quy Nhon Iconic owning a complex of commercial streets, education, parks, and boulevards. This creates opportunities for investors to develop modern urban projects, full of amenities and in harmony with nature, meeting the increasing needs of residents.
Source: https://baoquocte.vn/tie-m-nang-tu-thi-truong-ng-bat-dong-sa-n-chan-song-quy-nhon-310421.html
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