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APEC – “Leverage” for real estate in the host region to accelerate

Tuan Son

The Asia-Pacific Economic Cooperation (APEC) Forum not only has diplomatic significance but also opens up golden opportunities for comprehensive development, from attracting investment, upgrading infrastructure to expanding trade…

After each session, APEC not only brings a new breeze to the economy but also becomes the driving force for the explosion of the real estate market in the host localities.

ECONOMIC BOOM AFTER EACH APEC SESSION

In 2006, Vietnam hosted the APEC Summit for the first time in Hanoi, which was considered an occasion for “Vietnam’s debut,” starting the process of development and integration into the world. world.

After the success of APEC 2006, Vietnam’s economy has also made a strong breakthrough, reaping many proud achievements. According to the World Bank (WB) report, Vietnam’s Gross Domestic Product (GDP) has increased more than 2.5 times, from 25 billion USD in 1996 to 66 billion USD in 2006. Gross National Income (GNI) per capita increased from 310 USD in 1996 to 760 USD in 2006.

In 2007, right after APEC 2006, Vietnam witnessed an impressive GDP growth of 8.46%, the highest in more than a decade. Registered FDI capital also skyrocketed by 78%, reaching 21.3 billion USD, affirming the attractiveness of the Vietnamese market to international investors.

In Hanoi (the host city of APEC 2006), the period 2006 – 2007 also marked a strong development of the capital’s economy. In 2006, the gross regional domestic product (GRDP) increased by 11.5% compared to 2005. In 2007: GRDP continued to increase by 12.07% compared to 2006. In addition, the city’s budget revenue also achieved significant growth. In 2007, the total budget revenue in the area reached 45,798 billion VND, not only exceeding the estimate by 2% but also increasing by 19.2% compared to 2006.

APEC 2006 has boosted Vietnam’s economy impressive growth.

Eleven years later, it is Da Nang’s turn to receive a similar opportunity. APEC 2017 has brought this coastal city to a new height on the global tourism and economic map.

In the first 9 months of 2017, Da Nang welcomed more than 5.15 million visitors, an increase of 22.7% over the same period in 2016. FDI capital in Da Nang also skyrocketed by 269.5%, reaching about 14.3 million USD in the first half of 2017 alone. The tourism boom and capital attraction have led to high demand for accommodation infrastructure and related services from domestic and foreign tourists and experts coming to live and work.

Accordingly, high-end real estate projects are quickly being implemented to meet the increasing demand. Da Nang real estate in this period recorded an increase of 20 – 30%, notably the price of coastal land increased from 30 – 50%.

Not only Hanoi and Da Nang, many major cities in the world such as Sydney (Australia), Beijing (China), Manila (Philippines), … also recorded the boom of the real estate market after hosting APEC, with an average growth rate of 15 – 30%, along with strong socio-economic development.

PHU QUOC TRANSFORMS STRONGLY TO WELCOME APEC 2027

Phu Quoc – the second most beautiful island on the planet (voted by Travel + Leisure (USA), is facing a historic moment when it officially becomes the locality chosen to host APEC 2027.

To prepare for this international event, Phu Quoc has been stepping up infrastructure investment to be ready to welcome new opportunities. With a total proposed investment of more than 300 trillion VND, a series of key projects will be accelerated: Investment project to upgrade and expand Phu Quoc International Airport; expand DT 975 route; upgrade and renovate DT 973 route; invest in building a new coastal road through Mui Hanh, Bai Xep connecting An Thoi International Port; upgrade and expand An Thoi International Seaport; invest in building an urban railway system, tram lines, buses, etc. to facilitate connection and circulation. At the same time, a series of urban areas, hospitals, sports complexes, parks, golf courses, etc. are also being accelerated to serve the APEC event and attract international visitors in the future.

Symbolic projects welcoming APEC 2027 are being heavily invested in.

Along with the development of the socio-economy, APEC 2027 also opens up a “golden opportunity” for the Phu Quoc real estate market. According to many experts, the real estate value on the pearl island is forecast to grow by 20-30% in the period 2025-2027, thanks to the effect of this major event.

In fact, the southern area of ​​Phu Quoc is receiving a strong wave of investment with most of the projects serving APEC located in this area. Accordingly, a series of key real estate projects in the south of the pearl island are being invested heavily, not only enhancing the urban appearance but also becoming highlight projects to welcome APEC, notably: the 5-star Grand Mercure hotel located in the pure city of Meyhomes Capital Phu Quoc, the collection of yacht apartments Meypearl Harmony Phu Quoc,…

The iconic tower Meypearl Harmony Phu Quoc welcomes APEC 2027.

It can be seen that Phu Quoc is facing an unprecedented great opportunity. With drastic preparations for infrastructure, investment attraction policies and strong development of the real estate market, the pearl island is ready to break through to become an attractive destination attracting global citizens.

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Hàng loạt dự án bất động sản đổ bộ phía Tây và phía Đông Hà Nội trong thời gian qua khiến câu chuyện phát triển hạ tầng khu vực này rầm rộ theo sóng truyền thông, bán hàng các dự án. Trong thế đối sánh, khu vực phía Nam Thủ đô, số lượng dự án ra hàng chưa nhiều nên câu chuyện hạ tầng "không quá ồn ào". Nhưng trong nội tại thị trường, quy hoạch hạ tầng phía Nam vẫn đang chuyển mình mạnh mẽ và bền vững với tiềm năng lớn trong dài hạn. Mạng lưới giao thông liên vùng phát triển vượt bậc Khu Nam Hà Nội đã và đang từng bước xây dựng nền móng hạ tầng vững chắc, tạo thế chân kiềng vững chắc, cân bằng "thế trận" đô thị Hà Nội và sẵn sàng bước vào chu kỳ bứt phá mới. Thực tế chỉ hơn một thập kỷ trở lại đây, hạ tầng khu vực phía Nam đã có những bứt tốc ngoạn mục, với hiệu ứng kết nối và lan tỏa đáng kinh ngạc. Khu Nam khẳng định vị thế chiến lược khi kết nối trực tiếp với khu vực trung tâm và các tỉnh thành lân cận thông qua mạng lưới giao thông huyết mạch. 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South Hanoi real estate advantages
Competitive pricing, infrastructure investment, and green space advantages are increasing the appeal of real estate in South Hanoi. According to the latest report from CBRE, Hanoi’s real estate market saw a rise in supply in 2024, primarily from mega-urban projects in Nam Tu Liem and Gia Lam. In Q4, the average primary apartment price reached VND 72 million per square meter, a 36% increase year-on-year—marking the highest level in eight years. The western and eastern areas of the capital continued to lead in supply during Q1/2025, with an average price of about VND 75 million per square meter, up 34% compared to the same period last year. Meanwhile, real estate prices in Hoang Mai District—a typical representative of the southern area—are only about two-thirds of those in the west and east, according to data from Batdongsan.com.vn. Thanks to this price advantage, Hoang Mai has seen a significant surge in transactions, ranking among the top five areas with the highest liquidity in 2024, according to statistics from OneHousing. Infrastructure in southern Hanoi. Photo: Phuong Hong Hanoi is considering building a second airport in the southern area with a designed capacity of 50 million passengers per year, according to the General Planning Adjustment Project to 2045 with a vision to 2065. Additionally, the city proposes developing a “southern city”—an integrated urban area acting as a hub for multimodal transportation services, linking air, national and urban railways, waterways (Red River), and expressways such as Phap Van – Cau Gie and National Highway 5B. Over the past decade, infrastructure in the South has seen substantial investment, especially with Ring Road 3—particularly the elevated Linh Dam – Mai Dich segment—connecting the East-West-North-South axes. This route not only shortens travel time to the city center but also serves as a strategic transport corridor. Well-planned transportation infrastructure