The Booming Tourism Industry In Vietnam Offers Little Relief For The Resort Property Sector, Which Continues To Struggle With Unsold Units And An Absorption Rate Well Below Expectations

Published on August 28, 2025

Vietnam’s Resort Real Estate Market Faces Challenges Despite Surge successful Tourism. Despite a important summation successful world tourism to Vietnam successful 2025, nan edifice spot assemblage is struggling to support up pinch demand. While nan country’s tourism manufacture is thriving, peculiarly pinch a emergence successful world visitors, nan edifice existent property marketplace continues to grapple pinch slow income and precocious inventory levels. Developers are uncovering it difficult to move properties, arsenic absorption rates stay low. This disconnect betwixt nan booming tourism assemblage and sluggish edifice spot income highlights ongoing challenges for nan market, contempt rising optimism successful different parts of nan economy.

The Vietnamese existent property marketplace has shown affirmative signs of betterment since early 2025, pinch improved proviso and transaction volumes. However, nan edifice spot assemblage has continued to look important challenges, pinch definite segments showing sluggish capacity contempt nan wide marketplace rebound.

One of nan cardinal concerns is nan picnic villa segment. Data from nan first 7 months of 2025 revealed that only 45 retired of 2,268 picnic villas crossed 62 projects were sold, resulting successful a humble absorption complaint of conscionable 2%. While nan full income fig is low, it highlights nan continuing struggle for developers to stimulate request successful this market. The superior supply, which comprises caller spot listings, has seen a flimsy 1% year-on-year decrease, maintaining comparatively debased levels. Even though nan proviso of picnic villas accrued by 85% compared to nan aforesaid play past year, nan full measurement of caller units remains acold beneath pre-2022 levels, suggesting that location is still a important spread successful marketplace request and a reluctance from buyers to perpetrate to edifice properties.

Liquidity wrong nan marketplace has remained low, moreover though location has been a marginal betterment successful purchaser interest. Most of nan transactions that person taken spot were concentrated successful properties priced beneath VND10 cardinal (\$379,506) per unit, indicating that nan request is chiefly successful nan affordable luxury segment. In position of location distribution, nan cardinal and confederate regions accounted for 74% of nan nationalist proviso of picnic villas, but nan bluish region led successful absorption, accounting for 84% of successful transactions. This inclination suggests that nan bluish marketplace is much progressive successful position of purchasing edifice properties, while different regions are still facing difficulties successful moving their inventory.

Prices wrong nan superior marketplace for picnic villas alteration wide crossed nan country. In nan North, listings ranged from VND4.9 cardinal to VND106 cardinal (\$4.02 million) per unit. In nan cardinal region, prices ranged from VND14.6 cardinal to VND134.4 billion, and successful nan South, nan value scope spanned from VND5.2 cardinal to VND155.7 cardinal per unit. These wide variations bespeak nan different levels of request successful each region, arsenic good arsenic nan different levels of improvement and infrastructure that each area offers. Despite nan varying value points, nan marketplace remains slow, and nan deficiency of liquidity poses a important situation to developers hoping to make accordant income successful this segment.

The edifice shophouse segment, different cardinal area of edifice spot development, has fared moreover worse. Of 3,448 units disposable crossed 32 projects, only six units were sold, translating to an alarmingly debased absorption complaint of 0.2%. The immense mostly of this supply—99%—consisted of inventory from erstwhile years, pointing to a clear surplus of unsold stock. The cardinal region was nan largest contributor to this oversupply, accounting for 67% of nan disposable units. The South followed pinch 26% of nan supply, while nan North made up conscionable 7%. The debased income figures and precocious levels of unsold inventory propose that request for edifice shophouses is astatine a standstill, and developers are struggling to make liking contempt efforts to pull buyers.

Shophouse prices besides varied considerably crossed nan country. In nan North, prices ranged from VND4.6 cardinal to VND34.2 cardinal (\$1.3 million). In nan cardinal region, shophouse prices ranged from VND6 cardinal to VND56.7 billion, while successful nan South, prices ranged from VND5.8 cardinal to VND70 billion. Like nan picnic villa market, nan edifice shophouse assemblage is grappling pinch slow sales, precocious inventory levels, and a deficiency of liquidity.

The condotel marketplace has likewise faced challenges, pinch only 29 units sold retired of 4,464 disposable crossed 48 projects. This resulted successful a 1% absorption rate, which further highlights nan continued deficiency of request successful nan edifice spot sector. The cardinal region again led successful position of supply, accounting for 64% of nan nationalist inventory, while nan South and North made up 22% and 14%, respectively. Primary prices per quadrate metre ranged from VND37.8 cardinal to VND141.1 cardinal (\$5.35 million) successful nan North, from VND42.4 cardinal to VND188.7 cardinal successful nan cardinal region, and from VND61.8 cardinal to VND154.5 cardinal successful nan South. Despite these prices, nan marketplace remains slow-moving, and developers are uncovering it difficult to waste these properties successful immoderate important volume.

However, location are immoderate affirmative developments successful nan high-end edifice market. Several premium edifice developments person resumed building aliases launched caller income phases, pinch immoderate developers reporting affirmative early income figures. These high-end developments are targeting a niche marketplace of able buyers, and developers are hopeful that these products will stimulate request and thrust marketplace recovery. One of nan cardinal factors driving this optimism is nan preamble of visa waivers for definite world visitors. These measures are expected to promote much overseas buyers to put successful Vietnam’s edifice properties, peculiarly successful tourism hotspots for illustration Phu Quoc, Da Nang, and Nha Trang.

Vietnam’s Resort Real Estate Market Faces Challenges Despite Surge successful Tourism. While world tourism to Vietnam has seen important maturation successful 2025, nan edifice spot marketplace continues to struggle pinch slow income and precocious inventory, showing a disconnect betwixt tourism maturation and existent property demand.

Industry experts besides constituent to nan increasing influx of world visitors arsenic a cardinal facet that will thrust request for premium edifice properties successful nan coming years. With longer stays and higher spending, overseas visitors are expected to progressively activity retired luxury beachfront villas, international-standard resorts, and high-end condotels. This inclination is expected to bolster nan request for edifice properties and thief revive nan assemblage complete time.