At the sustainable real estate conference in the Southern Central Region 2022 themed "Highlight of investment" took place in Nha Trang City...
At the sustainable real estate conference in the Southern Central Region 2022 themed “Highlight of investment” took place in Nha Trang City on September 22. According to experts, the real estate market in Khanh Hoa will be faced with challenges but still remain the highlight of investment due to its great potentials and strengths, especially under a systematic and comprehensive planning.
Focus of real estate investment
The real estate conference in the Southern Central Region 2022 was held by Business Forum Magazine jointly with Vietnam Association of Realtors. At the event, Nguyen An Minh Tri, a representative of Vega City Joint Stock Company, investor of Vega City Nha Trang project in Vinh Hoa Ward, Nha Trang City confirmed that Khanh Hoa has been a focus of real estate investment because of its favorable location and great potentials with the sea, deltas, mountains and 3 bays, serving as an important traffic joint and gateway of the highlands to the sea. Much investment has been poured into resort projects in Khanh Hoa.
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Especially in early 2022, the Ministry issued Resolution No. 09 on the construction and development of Khanh Hoa Province till 2030, vision by 2045 with the target of becoming a centrally governed city in 2030. The Resolution is on marine economic development towards high quality tourism and service. This is both a challenge and a driving force for the province's economic development, promising to create the boom in Nha Trang real estate market from now to 2030.
According to Le Huu Hoang, Standing Vice-Chairman of Khanh Hoa Provincial People's Committee, Khanh Hoa is turning towards the target of becoming a major national and international economic, tourist and cultural center.
In the last 6 months of 2022, the province will continue accelerating the planning progress with the general planning as a basis for subdivision planning. The full planning coverage will help ensure synchronization and consistency of planning at all levels, creating effective planning management tools and appealing for investment, making the most of the potentials and strengths of localities in the province, contributing to promoting the sustainable development of the real estate market.
Problems remain to be solved
According to Nguyen Van Dinh, Vice-Chairman of Vietnam National Real Estate Association, the Southern Central Region in general and Khanh Hoa Province in particular are appealing to investors nationwide. In the future, Khanh Hoa needs big modern projects. Besides, local infrastructures are required to suit customers’ pockets. Khanh Hoa has chosen big investors in order to make a difference with expected boom in the real estate market in Khanh Hoa.
According to PhD. Can Van Luc, a member of the Prime Minister’s Economic Advisory Group, Chief Economist of BIDV, Khanh Hoa real estate is mostly impacted by the tourism sector. To recover and boost the real estate market in the coming time, Khanh Hoa needs a specialized housing development organization together with a roadmap to facilitate real estate businesses’ access to the credit and bond funds. Moreover, real estate businesses are required to diversify funding with more focus on management of risks, especially interest rates, exchange rates and finance towards more openness and transparency.
N.T
Translated by N.T
