Consecutive positive signals such as a series of projects being approved by the National Assembly; new urban development programs being approved; large enterprises coming to the locality to propose project implementation..., are creating "excitement" for the Khanh Hoa real estate market.
Consecutive positive signals such as a series of projects being approved by the National Assembly; new urban development programs being approved; large enterprises coming to the locality to propose project implementation..., are creating "excitement" for the Khanh Hoa real estate market.
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Mr. Nguyen Anh Tuan, Vice President of Khanh Hoa Real Estate Brokerage Association, commented that in the first months of 2025, Khanh Hoa real estate market began to break out.
Accordingly, 5 projects (Luna Complex of Commercial Services, Hotels, Tourist Apartments and Offices for Lease; The Horizon Nha Trang Hotel; Hoang Phu Luxury Residential Area; Thien Trieu Complex; Cat Tiger Building, Offices and Hotel) for which Khanh Hoa province has allocated land and leased land without bidding, investors are allowed to continue implementing the project after review.
Specifically, the National Assembly assigned the People's Committee of Khanh Hoa province to review the determination of land prices for these projects, calculate and fully pay into the state budget the financial obligations of the projects. In case of land allocation and land lease before July 1, 2014, the determination of land prices shall be applied similarly to projects in Da Nang city. In case of land allocation and land lease from July 1, 2014, the determination of land prices shall be implemented as prescribed in Point c, Clause 2, Article 257, Land Law 2024.
The above regulations also apply to 6 projects that have been allocated land or leased land by the People's Committee of Khanh Hoa province without bidding, including: The Arena project; Cam Ranh Yacht Club and Resort project; Evason Ana mandara Cam Ranh and Spa project; Saigon - Cam Ranh tourist area project; Eurowindow Nha Trang high-end eco-tourism and resort project; Muong Thanh Nha Trang high-end hotel and apartment complex project.
In addition, the People's Council of Khanh Hoa province has just approved the Urban Development Program of 2 cities (Nha Trang to 2040; Cam Ranh to 2030, vision to 2045) to create a new development space for the province.
Accordingly, Nha Trang City will develop and expand urban construction space to the North, Northwest, West, South and East towards the sea in Vinh Luong, Phuoc Dong areas and on the islands to preserve and restore, promoting the typical landscape values.
Cam Ranh City is divided into 9 urban development areas, landscape areas and national security protection. Mr. Nguyen Tan Tuan, Chairman of Khanh Hoa Provincial People's Committee, said that the province has proposed 6 solutions to effectively implement the Cam Ranh City Urban Development Program, including resource development; mechanisms and policies to support urban development; management and control of urban and rural development; housing development, real estate market; organization and supervision of urban construction and development planning; effective implementation of sustainable urban development projects...
Many industrial real estate enterprises are flocking to Khanh Hoa to seek opportunities. Recently, the Becamex - VSIP Joint Venture worked with provincial leaders on an investment project proposal. According to a representative of Becamex - VSIP, the project will be developed in Dien Khanh and Ninh Hoa, with a total area of 3,000 hectares and divided into 3 sub-zones: industrial, urban and service.
In particular, the proposed industrial and urban infrastructure follows the principle of being close to nature, relying on the available ecosystem to build the project. The infrastructure must be suitable for each locality and must meet international standards with many outstanding advantages.
“The investor’s goal is to develop an economic corridor, increase connectivity and overall economic development efficiency of Khanh Hoa province; attract domestic and foreign investment in green industry, high technology and ancillary services; meet the needs of residential, commercial and service areas for the workforce and residents, create a high-quality living, learning and working environment. In addition, the project areas will create a driving force for sustainable economic development and economic transformation for Ninh Hoa and Dien Khanh areas, supporting regional economic development,” said a representative of the Becamex IDC - VSIP Joint Venture.
The representative of the Becamex IDC - VSIP Joint Venture also presented specific investment orientations, investment attraction plans; criteria for selecting secondary investors to contribute to the overall development of Khanh Hoa. The investor hopes for the attention and facilitation of provincial leaders in the process of implementing project proposal procedures.
Mr. Nguyen Anh Tuan acknowledged that the fact that many investors have proposed to develop new projects in Khanh Hoa is a positive signal, demonstrating confidence in the long-term development potential of the real estate market in this area. “This is a great opportunity, not only for the real estate market, but also for the socio-economic development of the province,” said Mr. Tuan.
Source: https://baodautu.vn/batdongsan/thi-truong-bat-dong-san-khanh-hoa-vao-da-but-pha-d250406.html
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