After a long period of gloom, resort real estate is still one of the segments that has not regained its appeal even though supply and transaction volume in the first half of 2026 improved compared to the same period.
Data from the Ministry of Construction shows that in the second quarter of 2026, the whole country had 9 projects approved for investment policy, 4 projects licensed for new construction with about 1,807 tourist apartments and 942 tourist villas. Currently, there are 47 projects under construction with about 21,456 tourist apartments and 3,865 tourist villas.
According to the Vietnam Real Estate Market Research and Evaluation Institute (VARS IRE), Q2/2026 recorded about 4,800 new tourism and resort real estate products, double the same period. In the first half of the year, the new supply reached about 12,100 products, 4 times higher than the same period in 2025.
The absorption rate in the second quarter reached about 55%, equivalent to more than 2,700 transactions. In the first half of the year, the absorption rate reached 49.5%, with about 5,600 transactions.
However, developments in July show that the market has not maintained its improvement momentum. According to DKRA Group, resort real estate is sideways compared to June and there are no signs of recovery in transactions as well as new supply.
For townhouses and shophouse resorts, the market has 32 projects with 3,526 units offered for sale, unchanged compared to June and up 3% compared to July 2025. Supply is mainly concentrated in the Central region, accounting for 69%; the South accounts for 25% and the North only accounts for 6%.
For condotel types, in July, the market had 50 projects open for sale with 5,051 units, unchanged compared to June 2026. Consumption only reached 105 units, equivalent to 2% of the open supply.
Assessing the role of this segment, Dr. Nguyen Van Khoi - Chairman of the Vietnam Real Estate Association - emphasized that resort real estate is not just a simple real estate business product but also a tool to exploit tourism resources, create jobs, increase budget revenue, develop urban areas, attract investment and promote the national image.
However, according to Mr. Khoi, despite its great potential, the tourism and resort real estate market still faces many difficulties. The relevant legal system is still not synchronized, and regulations are scattered in many laws. Some new types such as condotels, resort villas, health care real estate, eco-tourism... have not been fully and uniformly regulated, causing confusion in the implementation process.
Planning work in some localities is also still inadequate, development is not close to actual needs, leading to supply-demand imbalance. Transportation, electricity, water and environmental treatment infrastructure in some projects are not synchronized.
Another bottleneck is capital sources. Businesses still face difficulties in accessing capital, especially for projects with long capital recovery times, while long-term capital mobilization channels have not developed commensurately. Market confidence also needs to continue to be strengthened through policy stability and legal transparency.
According to the Chairman of the Vietnam Real Estate Association, for the market to develop sustainably, laws related to tourism and resort real estate need to be synchronously and uniformly completed; creating a stable investment environment, capable of forecasting and developing based on actual needs, avoiding speculation.
Along with that, it is necessary to promote science and technology, innovation, digital transformation; expand foreign investment attraction, encourage international corporations to participate in investment and linkage, and at the same time aim for green and sustainable real estate development.
Mr. Nguyen Van Khoi proposed that competent authorities continue to review and improve the legal framework, remove obstacles related to capital; localities improve the quality of planning and select capable investors.
