Infrastructure breakthroughs, Long Thành Airport, and new investment waves are creating a major boost for Đồng Nai’s real estate market
Since 2019, as real estate investment capital began shifting away from Ho Chi Minh City toward surrounding satellite areas, Đồng Nai quickly emerged as a new hotspot thanks to its advantages:
- Large land reserves
- Expanding transportation infrastructure
- Strong industrial growth
- Expectations surrounding Long Thành International Airport
The 2020–2021 period was considered a boom phase as many major real estate developers simultaneously poured into Đồng Nai with projects spanning hundreds to thousands of hectares.
According to experts, although the market is still in an “early positioning” phase, Đồng Nai’s official city upgrade combined with accelerating infrastructure development is opening a new growth cycle for southern Vietnam’s real estate market.
Aqua City Nearly 1,000 Hectares Once Became the Symbol of Đồng Nai Real Estate
Novaland aims to develop a major eastern satellite mega-city
One of the most prominent projects in Đồng Nai is Aqua City developed by Novaland, spanning nearly 1,000 hectares along the riverfront.
The project was once considered a symbol of ambitions to build:
- An eco mega-city
- A satellite urban area for Ho Chi Minh City
- A large-scale green living center in southeastern Vietnam
During the market boom period:
- Aqua City attracted strong investor interest
- Property prices rose rapidly
- Multiple subdivisions were continuously launched
However, following challenges related to:
- Legal procedures
- Financing
- Market liquidity
the project temporarily halted development before resuming construction last year. Some products have already been handed over, although the actual residential population remains limited.
Nam Long and Japanese Partners Develop Izumi City in Long Hưng
Đồng Nai is considered to have huge urbanization potential
In 2020, Nam Long Group partnered with Japanese investors to develop Izumi City in the Long Hưng area, adjacent to Aqua City.
According to the developer:
- Đồng Nai is industrializing rapidly
- Connectivity to Ho Chi Minh City is highly convenient
- Regional infrastructure is improving continuously
- Housing demand from experts and workers is rising strongly
Japanese partner Hankyu Hanshin Properties also believes Đồng Nai has major housing development potential due to:
- Population growth
- Its role as an industrial hub
- Long Thành Airport infrastructure
When the first phase launched in 2021:
- The project received significant market attention
- Hundreds of units were absorbed quickly
Currently, 275 townhouses in the Izumi Gardenia subdivision have been completed and are being handed over to buyers.
Gem Sky World Benefits Strongly From Long Thành Airport
Đất Xanh develops more than 4,000 products in Đồng Nai
Also in 2020, Đất Xanh Group launched Gem Sky World in the satellite urban area near Long Thành Airport.
The project is considered one of the largest urban developments surrounding the airport, featuring:
- More than 4,000 products
- Well-planned infrastructure
- Strong expectations from Long Thành Airport development
However, similar to many projects in Đồng Nai:
- Actual residential occupancy remains relatively low
- The market is still largely driven by long-term investment expectations
Major Developers Continue Expanding Investments Into Đồng Nai
Sun Group, Gamuda Land, and FIATO City join the race
Following the 2020 wave, investment expansion continued with several major developers:
- Gamuda Land introduced Spring Ville
- Thăng Long Real Group developed FIATO City in Nhơn Trạch
- Sun Group proposed a 290-hectare urban tourism complex
According to analysts:
- Đồng Nai is gradually becoming a new growth pole adjacent to Ho Chi Minh City
- Its large land reserves make it more attractive than many neighboring areas
- Airport and expressway infrastructure provide long-term growth potential
Đồng Nai Is Still in an “Early Positioning” Market Phase
Large supply but limited real residential population
According to Cao Thị Thanh Hương, real estate markets globally are always driven by:
- Genuine housing demand
- Population growth
- Economic growth
Compared to Bình Dương:
- Đồng Nai has a larger industrial scale
- However, population growth and residential density remain lower
- Some periods experienced slower FDI and GDP growth
This has limited the market’s vibrancy compared to nearby provinces.
However, according to Ms. Hương:
- Developers often move ahead of the market
- Once they identify long-term potential, they begin accumulating land early
- This explains why many mega urban projects appeared in Đồng Nai years ago
Long Thành Airport Expected to Bring Demand Back to the Market
Đồng Nai prepares to enter a new growth cycle
Under the current context:
- Long Thành Airport construction is accelerating
- Operations are expected to begin in 2027
- The airport-city development strategy is becoming increasingly clear
According to representatives from Nam Long Group:
- Izumi City remains one of the company’s core projects
- Đồng Nai’s city upgrade and infrastructure acceleration will improve absorption for future phases
- Sales momentum could even surpass the initial launch phase
The developer also stated it continues searching for additional land around:
- Long Hưng
- Long Thành Airport areas
to expand future investments.
Aqua City Expected to Attract More Residents After Đồng Nai’s City Upgrade
Infrastructure and legal improvements may support market recovery
According to Lương Thị Thu Hương:
- Đồng Nai’s city upgrade could help large urban projects like Aqua City attract more residents
- Improve product absorption
- Enhance capital mobilization
- Accelerate construction and handover progress
Meanwhile, representatives from Gamuda Land stated:
- Đồng Nai is currently one of Vietnam’s largest industrial centers
- The number of engineers and foreign experts continues increasing
- Yet the supply of high-quality housing remains limited
Đồng Nai Needs Strong Real Housing Demand for Sustainable Growth
Infrastructure, jobs, and population growth will determine the market’s future
According to experts:
- Becoming a centrally governed city is only the beginning
- Long-term economic development strategies are more important
- Infrastructure must be synchronized
- More businesses need to be attracted
- Employment and actual residential population must grow sustainably
Cao Thị Thanh Hương emphasized:
“A real estate market can only grow sustainably when it creates jobs, attracts residents, and forms stable genuine housing demand.”
References:
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