The once “land fever” hot spot of Cam Lam suddenly received strong attention

After the land “fever”, the real estate market in Khanh Hoa fell into a long period of quiet. According to data from Batdongsan.com.vn, in the first 2 months of 2024, Khanh Hoa real estate market continues to be quiet, with very few transactions because previously vibrant products were mainly land, while There is no investment wave in the market. However, along with the improvement of the nationwide market, in March 2024, the number of postings and interest in Khanh Hoa real estate also increased sharply compared to February.

According to this market research unit, the level of interest and the amount of real estate listings in Khanh Hoa in March 2024 both increased sharply compared to February, 67% and 60% respectively. Notably, search demand has recovered strongly after the Tet holiday when recording a steady increase in interest in all areas. Previous hot spots such as Cam Lam and Van Ninh had the strongest increases in searches, reaching 121% and 104% respectively.

The remaining localities also recorded an increase in interest from 46-80%. Among them, Khanh Vinh is a mountainous area far from the center. Although search demand increased the lowest compared to the rest, it still reached 46%. Nha Trang – the market with the largest supply structure in Khanh Hoa, recorded a 63% increase in searches compared to February.

In the real estate market for sale, in March, this type of search volume recovered with an increase of 76%, ranking second after land (82%). In addition to land plots and townhouses, the remaining types of interest also increased in interest compared to February: project land increased by 69%; Private houses increased by 66% and apartments increased by 67%.

Not only searches, real estate listings in Khanh Hoa also recovered strongly in all types. Of which, listings for land for sale increased by 70%, listings for townhouses for sale increased by 69%, and listings for private houses increased by 57%. Particularly, the apartment type has the most modest number of listings with only an increase of 29% compared to February

For the rental market, in February the number of rental postings decreased by 11-20% but recovered in March, especially in the apartment and villa types with an increase of 49% and 44% respectively. Meanwhile, listings for motels and townhouses only increased by 4%, possibly because the supply has been filled quite well since the Lunar New Year, when rental demand increased rapidly.

Interest in searching for real estate for rent in Khanh Hoa continued to increase compared to February. In particular, private houses and apartments recorded the strongest increase in demand, 50% and 48% respectively. The remaining types such as street houses, motels, and kiosk stores also received renewed interest, increasing by 47%, 32%, and 27% respectively compared to the previous month.

Regarding the supply situation, information about upcoming projects in Khanh Hoa is of great interest, but the market has not recorded any new projects at the beginning of this year. The products being posted for sale are mainly in old shopping carts, in urban areas such as Phu An Nam, My Gia, Vinh Hoa, Le Hong Phong, land of Golden Bay, Khanh Vinh projects and transfer of land projects. odd plot of land.

Developments at “hot” spots

The Cam Lam real estate market, which is a hot spot in Khanh Hoa during the 2020-2021 land fever in February, is still keeping hot with interest increasing by 5%. This is also the only hot spot in February that still receives search attention in the market. In March, Cam Lam recorded a sharp increase in searches, up to 104% compared to February, second only to Van Ninh (121%).

According to data on Batdongsan.com.vn, the supply of Cam Lam real estate for sale is not much, less than 300 properties, mainly Golden Bay land, in addition to odd plots of land in Cam Hai Dong communes. , Cam Duc, Cam Hai Tay…

The Cam Ranh real estate market is also receiving attention again, recording an 86% increase in interest compared to February. The number of Cam Ranh real estate listings for sale is also not much, mainly single plots of land.

The Cam Ranh urban area project is currently still calling for investment and has no new information. It is known that on February 23, Khanh Hoa Provincial People’s Committee said it had approved the detailed planning project (scale 1/500) of the urban area along Cam Ranh Bay – area 3, Cam Ranh City. According to planning, the urban area is 314.8815 hectares in the wards of Cam Phuc Nam, Cam Phuc Bac, and Cam Nghia.

Nha Trang and Khanh Hoa real estate, which is a market that accounts for a large proportion of the supply and transaction structure, is also a hot spot in land fevers. Khanh Hoa was quite quiet in February 2024 when search demand in Both the sales and rental markets decreased by 11% and 6%, respectively. However, in March, the demand for real estate here recovered with an increase of 106% compared to the previous month.