Northwest resort real estate attracts investors

Văn Chuyên |

According to Lao Dong Newspaper reporters in mid-April 2025, famous tourist destinations such as Moc Chau, Sa Pa, Kim Boi, Mai Chau are strongly attracting resort real estate investors.

Moc Chau - Real estate along the highway increases in price

Moc Chau, with green tea hills, white mustard flowers and red plum valleys, is becoming a bright spot on the resort real estate map. The airy space and fresh climate help this place strongly develop the homestay, farmstay model and attract investment cash flow.

The start of construction of the Hoa Binh - Moc Chau expressway at the end of September 2024 has had a significant impact on the market. Mr. Nguyen Huu Tien - a real estate investor in Hoa Binh said that land prices in Moc Chau and Van Ho fluctuated strongly, especially at the highway intersection, ranging from 1-5 million VND/m2. When the expressway is completed, travel time from Hanoi to Moc Chau will be significantly shortened, creating momentum for development for Hoa Binh Lake and Da Bac District.

Sa Pa - "Golden mine" of resort real estate

Sa Pa is not only famous for its majestic scenery but is also the focus of resort real estate. The land plots with a beautiful view of Muong Hoa and Fansipan valleys are very valuable, even on par with some districts of Hanoi.

Mr. La Thai - a real estate broker in Sa Pa, said: "Current trend is that investors are more interested in land in suburban communes such as Ta Phin, Ta Van, Muong Hoa, Lao Chai... because they are cheap and suitable for building homestays and garden houses".

In Ta Phin, land prices in the commune center range from 5-20 million VND/m2. Green real estate, close to nature is becoming the top choice of investors.

Kim Boi - A precious gem in the Northwest mountains and forests

Unlike Sa Pa or Moc Chau, Kim Boi stands out with its natural hot mineral springs, bringing great potential to resort real estate. The land near hot mineral springs is attracting many investors to develop resorts, spa facilities or high-end hot mineral villas.

The increasingly complete transport infrastructure makes Kim Boi an easier destination, opening up great opportunities for the health care tourism trend.

Mr. Nguyen Manh Linh - a real estate broker in Hoa Binh said that Kim Boi's biggest potential is currently located in the Sun Group project in Cuoi Ha commune, with a total investment of VND6,600 billion. Land prices in the Kim Boi mineral stream area near the Cong Doan hotel range from about 10 million VND/m2, while in the central area of Bo town, it can reach 40 million VND/m2.

Talking to reporters, Ms. Pham Thi Hue - Director of the Land Development and Investment Branch of Kim Boi District - said that real estate trading activities in the locality are still taking place stably. The development of tourism and large-scale resort projects are creating a driving force to attract investors.

According to statistics, the unit receives over 10 records every day, focusing on newly issued transactions, real estate transfers and inheritance, Ms. Hue shared.

Mai Chau - Potential for sustainable tourism development

Mai Chau is not as vibrant as Sa Pa or as rapidly developing as Moc Chau, but has a peaceful beauty, with Thai villages hidden among the young mountains and green rice fields. The real estate market here is mainly developing in the direction of community tourism, homestays and eco-resorts.

According to Lao Dong, in Lac village - the tourist center of Mai Chau, land prices for tourism range from 25 million VND/m2. Land plots in beautiful locations along the main road can reach 40 million VND/m2. Meanwhile, areas such as Pu Pin, Thanh Son - where the climate is mild all year round, land prices are still quite cheap, only about 500,000 - 700,000 VND/m2. These are potential areas for investors to anticipate the eco-tourism trend.

Văn Chuyên
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