Demand for apartment housing has surged in recent months, drawing intense interest from both individual buyers and institutional investors.

The commercial buildings under Cat Tuong smart city in Yen Trung commune are completed.

The Provincial Real Estate Association said several condominium projects in Bac Giang and Tan Tien wards, including Luxora, Mascity, Thien An Central and Ecohome Song Thuong among others attracted heavy buyer attention and in some cases sold out within one to two weeks of launch.

Projects in prime locations have recorded prices of 75–80 million VND (3,261 – 3,478 USD) per square metre, up 70–80% compared with levels before the merger.

The land market has also recorded elevated price levels and brisk trading. The Department of Construction reported that in the third quarter of this year the province completed more than 3,700 property transactions that were notarised or certified. Of these, land plots accounted for over 3,300 transactions, condominiums 310 and detached houses 189.

Market participants say the uplift follows the province’s enlargement and a string of major infrastructure plans. New planning and investment in key transport projects such as the Gia Binh airport and upgraded arterial routes together with Bac Ninh’s upgraded administrative status have fuelled demand as investors seek to position themselves ahead of expected growth.

“Bac Ninh’s new status and improved connectivity have created fresh speculative and real demand for both housing and land plots,” said a local property analyst. “Investors are looking to secure assets now to capture future appreciation as infrastructure comes online.”

Industry insiders note the entry of major developers could further push up price floors across segments. In response, many developers are accelerating construction to meet demand and to avoid market volatility.

Duong Xuan Son, project director of the Long Tri urban area in Tan An ward, said his firm is boosting manpower with the aim of completing the scheme by the end of the year. The Long Tri project spans nearly 12 hectares and will include more than 200 residential lots alongside public amenities.

Meanwhile the developer behind the Luxora project said it is taking advantage of favourable weather and deploying two shifts with more than 400 workers and supporting equipment to speed construction.

Luxora comprises two 28-floor towers and is expected to provide about 720 apartments, not including associated ancillary services, with completion targeted in the first quarter of 2027.

Provincial authorities said Bac Ninh currently has 13 commercial housing projects and 55 social housing projects under way, alongside roughly 250 new urban and residential developments that have received provincial approval for investment or in-principle investment decisions.

Nine projects meet legal conditions to sell housing units formed in the future, offering around 815 units, including 119 low-rise houses and 696 condominium units, which officials regard as an important near-term supply source.

Despite buoyant activity, developers and officials acknowledge implementation challenges remain. Compensation and site clearance procedures at several projects have been slower than planned, sometimes because a segment of local residents do not fully understand legal provisions and therefore make compensation demands that do not align with regulations. Those disputes have affected project timetables.

Many items under Long Tri urban area project are completed with the aim of completing the scheme by the end of the year.

To ease supply bottlenecks and sustain healthy market development, the provincial government said it is deploying coordinated measures to remove obstacles and bring projects into operation quickly, thereby adding revenue for the province and new housing supply, particularly social housing, to stabilise prices and support sustainable growth.

Authorities have emphasised transparency in planning announcements, fair selection of project investors and strict enforcement of rules on reserving land quotas for social housing and worker housing in industrial zones.

Market observers say the combination of stronger planning, active investor participation and a clear pipeline of projects should keep Bac Ninh’s property market lively, but they also caution that careful management of land clearance, information disclosure and social housing obligations will be critical to preventing excessive speculation and ensuring long-term stability.

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