Ba Ria-Vung Tau property heats up

Sep 22nd at 11:43

22-09-2025 11:43:00+07:00

Real estate in the Ba Ria-Vung Tau area is heating up as several developers continue to launch new projects or subsequent phases of existing ones.

Interest in real estate across Ba Ria-Vung Tau surged sharply as the administrative merger with Ho Chi Minh City took place.

Experts say that purchasing power is still cautious, with investors becoming more selective, Photo: Five Star Group

Data from Batdongsan.com.vn noted that interest from buyers in the last three months has risen. For example, Phu My recorded the strongest increase at 22 per cent, followed by Xuyen Moc at 21 per cent and Ba Ria with 16 per cent.

In that time, several key ventures have been pushing ahead with their developments. In July, TDG Group, the developer of Maris Vung Tau launched for sale the Polaris Tower section.

Funded with around $307 million, the Maris Vung Tau features resort, commercial, and entertainment facilities, offering nearly 200 luxury villas and 500 apartments. The project is to be handed over to users by 2027.

A month previously, Sun Property (a member of Sun Group) introduced Blanca City, the first model coastal township in Vung Tau.

Developed under the “All-in-One” concept, the project integrates living, leisure, and entertainment, highlighted by the multifunctional Sun World water park. With investment of nearly $1.4 billion, Blanca City is set to become one of the largest model urban developments in the broader southern region.

Also in June, Five Star International Group broke ground on two 5-star condotel complexes: Five Star Odyssey and Five Star Poseidon, with a combined investment exceeding $384 million. These will be the tallest buildings in Vung Tau to date.

In mid-April, Lodgis Hospitality Holdings, a joint venture between Warburg Pincus, the oldest private equity firm in the United States, and VinaCapital, broke ground on a new phase of The Grand Ho Tram, the largest beachfront resort complex in Ba Ria area.

The new 35-hectare development carries an investment of over $1 billion, featuring a system of 5-star hotels, resort villas, entertainment facilities, a casino, and an international convention and exhibition centre.

This phase is part of the larger Grand Ho Tram project, which now totals more than $4 billion in investment with a scale of 9,000 rooms, positioning it as one of Southeast Asia’s premier international resort destinations.

Forecasting post-merger price movements in Binh Duong and Ba Ria-Vung Tau, real estate expert Tran Khanh Quang noted that Ho Chi Minh City’s apartment prices are already relatively high, while those in Binh Duong and Ba Ria-Vung Tau remain at lower levels.

“These two provinces will inevitably benchmark themselves against Ho Chi Minh City’s property prices and grow accordingly. Real estate in Di An and Thuan An could rise by 15-20 per cent in the near future. In Phu My (Ba Ria-Vung Tau), prices may increase 30-50 per cent, while resort properties in Ho Tram are expected to climb 20-30 per cent,” Quang said.

Meanwhile, Dang Phi Long, CEO of Phu My Land, remarked that although the property market is recovering, purchasing power remains cautious, with investors becoming more selective and focusing on reputable projects with transparent legal frameworks.

“In Ba Ria-Vung Tau, cash-rich buyers are returning to the market, mainly targeting individual units in densely populated neighbourhoods that can be used immediately, as well as titled land plots in suburban areas along the Long Thanh-Ho Tram expressway corridor,” Long said.

“This is a favourable time for genuine homebuyers and a chance for investors to acquire assets at attractive prices. However, one must be mindful of policy and planning changes to avoid risks. The administrative merger also raises questions of land-use restructuring, so investors should exercise caution and carefully review legal documents and master plans before making transactions,” Long added.

According to Vo Hong Thang, deputy CEO of DKRA Group, in the next few months, demand will remain concentrated in major urban centres with high urbanisation rates, dense populations, and strong housing demand, such as Ho Chi Minh City and Binh Duong’s provincial cities. By leveraging Ba Ria-Vung Tau’s seaport advantages, these areas could evolve into a so-called mega-urban hub with national significance and even global reach.

“In addition, Ba Ria-Vung Tau continues to pull in medium- and long-term investors who see strong growth potential driven by major infrastructure projects, including the Bien Hoa-Vung Tau expressway, the Cai Mep-Thi Vai port urban area, and the Cai Mep Ha logistics hub. Once operational, these projects are expected to become powerful catalysts for the province’s future development,” Thang said.