About 2,800 new units were launched in Vietnam’s resort real estate segment in the second quarter of 2024. This is an eight-fold increase from the first quarter but mostly concentrated in a few locations, the Vietnam Association of Realtors report.
In the first half of 2024, 3,100 units were added to the market, double from a year ago but down 73% from the same period in 2022.
Data from real estate agency DKRA Group shows new condotel supply increased by 51% year-on-year, mostly in Nha Trang beach city.
Vo Hong Thang, director of consulting and project development at DKRA Group, forecast 400-500 condotels and 100-150 resort villas would be launched in the third quarter, primarily in Da Nang City as well as Khanh Hoa and Quang Ninh provinces.
In the first half of the year, Vietnam received over 8.8 million international visitors, up 58% from a year ago, exceeding the 8.5 million before the pandemic.
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