Real estate proves hard to find in Can Tho city
Despite being the central urban area of the Mekong Delta region, Can Tho city is facing a scarcity of real estate products this year, with only one project put up for sale in the first quarter.
According to the municipal Real Estate Association, the number of transactions in the locality in 2023 totaled 7,155, down 20% compared to 2022. Last year, Can Tho city had five projects eligible to sell future-formed housing, including three commercial housing and two social housing projects with a total of 1,196 apartments, 11 townhouse lots, and two villa lots.
The Cara River Park project in Cai Rang district, Can Tho city, southern Vietnam. Photo courtesy of Dat Xanh Mien Tay Services and Investment JSC.
It stated that the supply of primary projects in the city will continue to be scarce in 2024, with the main supply coming from the apartment segment, including social and commercial apartments.
Statistics show that Can Tho, one of the five centrally-run cities in Vietnam, currently has about 70 housing projects under construction.
The only project qualified to sell future-formed housing is the Cara River Park project in the South Can Tho Urban Area in Hung Thanh ward, Cai Rang district. The project, developed by Dat Xanh Mien Tay Services and Investment JSC, offers 338 residential and 20 commercial serviced apartments.
In addition, there is only one project eligible to mobilize capital, called the Green Dream apartment project on Nguyen Van Quang street, Nam Long Residential Area, Hung Thanh ward, Cai Rang district, invested by Nhip Dieu Xanh Architecture Joint Stock Company.
Limited supply of residential real estate, especially housing for real needs, has been attributed to legal problems and poor financial resources among developers, the association said, adding that transactions have mainly come from transfers of real estate in projects launched many years ago.
The association forecast that in 2024, primary selling prices will increase, especially in the apartment segment, with a rise of 5-10% year-on-year. This segment has become a new settlement and investment trend, receiving a positive response. Meanwhile, secondary selling prices may increase slightly.
The land plot segment in particular will continue to see scarce supply and will increase in price sharply in 2024 as a regulation that bans land division for sale in urban areas will take effect on January 1, 2025.
- Related News
- Read More
Vietnam enters new phase of large-scale industrial growth, led by high-value FDI: Savills
Vietnam is entering a new phase of industrial growth, as macroeconomic indicators, FDI inflows, and infrastructure development all point to a shift from quantity-driven growth to scale and quality expansion.
Economy - Thu, December 4, 2025 | 3:30 pm GMT+7
Northern Vietnam province Phu Tho plans its largest-ever urban area project at $3.9 bln
Authorities in Phu Tho have approved plans for a VND102.84 trillion ($3.9 billion) development that would become the largest real estate project in the northern Vietnamese province.
Real Estate - Thu, December 4, 2025 | 2:11 pm GMT+7
Petrovietnam to divest 35% stake in non-life insurer PVI via auction
State-owned Petrovietnam will divest its entire 35% stake in PVI Insurance, with a full-lot public auction proposed. The sale is expected to take place by year-end or early 2026.
Companies - Thu, December 4, 2025 | 2:00 pm GMT+7
Vietnam’s Alluvia Chocolate opens its flagship store at Mekong Deltal’s My Tho cruise port
Alluvia Chocolate, a famous Vietnamese handmade chocolate brand, officially opened its flagship store at My Tho Cruise Port in the southern province of Dong Thap last Saturday.
Companies - Thu, December 4, 2025 | 1:22 pm GMT+7
Central Vietnam province Ha Tinh picks Vingroup for 2 wind power projects worth $1.48 bln
The Ha Tinh People’s Committee has selected VinEnergo, an energy arm of Vingroup, as the investor for two offshore wind power projects in Ky Anh, with a combined investment of more than VND39 trillion dong ($1.48 billion).
Energy - Thu, December 4, 2025 | 12:54 pm GMT+7
New chapter for electronics major Viettronics after Geleximco takeover
Shares of Vietnam Electronics and Informatics Corp, or Viettronics (HoSE: VEC) - long inactive and trading mostly between VND8,000-9,000 ($0.34) apiece for many years - have surged more than sevenfold over the past 11 months, rising to VND60,700 ($2.3) on Wednesday.
Companies - Thu, December 4, 2025 | 9:23 am GMT+7
Central Vietnam hub Danang faces infrastructure challenges as high-rise buildings rise along Han river
A wave of new high-rise projects along the Han River is making Danang’s urban planning and management increasingly challenging, forcing the central city to rethink strategies to ease the pressure on its urban core.
Real Estate - Thu, December 4, 2025 | 9:02 am GMT+7
Vietnam's livestock major GreenFeed reaps $65 mln in H1 profit, outpacing major rivals
GreenFeed Vietnam, a leading livestock company in the country, posted VND1.72 trillion ($65.07 million) in H1 after-tax profit, 2.5 times higher than the same period last year.
Companies - Wed, December 3, 2025 | 9:00 pm GMT+7
Eight EVNNPT employees receive Vietnam General Confederation of Labor innovation award
The Vietnam General Confederation of Labor (VGCL) has awarded its annual Creative Labor Certificate to 24 members of Vietnam Electricity's trade union, including eight employees from subsidiary National Power Transmission Corporation (EVNNPT).
Companies - Wed, December 3, 2025 | 8:42 pm GMT+7
Profit of Samsung’s 4 major Vietnam factories up 4.5% in Jan-Sept
Four major factories of Samsung Electronics in Vietnam posted a total profit of KRW4.37 trillion ($2.98 billion) in the first nine months of 2025, up 4.51% year-on-year, according to the South Korean conglomerate’s Q3 consolidated earnings statements.
Companies - Wed, December 3, 2025 | 4:52 pm GMT+7
Vietnam approves expanded list of strategic energy projects to meet rising power demand
Prime Minister Pham Minh Chinh has approved a sweeping update to the country’s portfolio of national important and priority energy projects, marking one of the most comprehensive revisions to the sector’s development roadmap in recent years.
Energy - Wed, December 3, 2025 | 3:53 pm GMT+7
Vietnam Education Publishing House pledges $758,300 in textbooks for students in flood-hit areas
Vietnam Education Publishing House (VEPH) has pledged up to VND20 billion ($758,292) this year to provide textbooks for students in the areas stricken by typhoons, floods, and poor economic conditions.
Companies - Wed, December 3, 2025 | 12:23 pm GMT+7
International awards solidify PVI's position as top non-life insurer in Asia
PVI Insurance, the only non-life insurance company in Vietnam, has won two categories at the Insurance Asia News (IAN) Awards for Excellence 2025: General Insurer of the Year and Underwriting Initiative of the Year.
Companies - Wed, December 3, 2025 | 11:58 am GMT+7
Foxconn aims to produce unmanned aerial vehicles, Xbox consoles in northern Vietnam province Bac Ninh
Fushan Technology (Vietnam) LLC, a subsidiary of Taiwan-based electronics giant Foxconn, plans to add unmanned aerial vehicles (UAVs) and Xbox gaming consoles to its production portfolio under a VND8,354 billion ($316.74 million) project in Bac Ninh province.
Industries - Wed, December 3, 2025 | 11:24 am GMT+7
Three port majors bid for $1.8 bln Lien Chieu container terminal project
Three consortia have submitted bids for the $1.8 billion Lien Chieu container terminal project in Danang, all of them leading companies in global shipping and port operations, a local official said.
Infrastructure - Wed, December 3, 2025 | 9:04 am GMT+7
Vietnam's billionaire Pham Nhat Vuong rises to Southeast Asia’s second richest
Pham Nhat Vuong, chairman of Vingroup (HoSE: VIC), Vietnam’s largest listed company by market cap, added $1.2 billion to his net worth in a single day, bringing it to $24.7 billion, according to Forbes data as of Tuesday.
Economy - Wed, December 3, 2025 | 8:39 am GMT+7
