LUXURY APARTMENTS FOR SALE in da nang 

Da Nang is becoming one of the fastest-growing cities in the country in terms of economy, tourism, and services.

With its breathtaking natural landscapes, long coastline, and increasingly modern transportation infrastructure, Da Nang has been attracting a large number of investors, businesses, and tourists from both domestic and international markets.

Overview of Da Nang's Real Estate Market in Recent Times

According to statistics, Da Nang's economic growth rate has consistently remained high, averaging 7-8% per year from 2015 to 2022. The number of tourists visiting Da Nang also showed impressive growth, reaching nearly 10 million visitors in 2022. Along with economic and tourism development, the demand for housing, resorts, and office spaces has surged.

During the 21st session of the 10th People's Council of Da Nang City (2021-2026 term), 40 Resolutions were passed, including 12 Resolutions on implementing Resolution No. 136/2024/QH15 of the National Assembly on urban government organization and piloting several special mechanisms and policies for the development of Da Nang City.

The city's Gross Regional Domestic Product (GRDP) grew by 7.51% compared to 2023, higher than the national average. The economy's scale reached over VND 150 trillion, an increase of VND 17 trillion compared to 2023. Budget revenue in 2024 exceeded VND 25.7 trillion, surpassing 35% of the estimate. The city aims to exceed the budget target by about 40% by the end of 2024. Notably, domestic revenue from business activities and enterprises showed positive signs, proving the economy's recovery and solid growth.

In 2024, Da Nang focused on resolving difficulties for businesses and actively consulted the central government to issue important Resolutions for the city's development. It is expected that 1,313 projects will be unblocked, including several long-standing projects along the coast and Son Tra Peninsula.

As a result, Da Nang's real estate market experienced a boom with numerous projects launched and introduced to the market in 2024. Property prices have rapidly increased in recent years due to limited supply. Many investors have gained significant profits by investing in Da Nang's real estate at the right time.

Should You Invest in Da Nang Real Estate in 2025?

Factors Influencing Da Nang's Real Estate Market

1. Impact of Housing Law, Real Estate Business Law, and Land Law
   The implementation of these three key laws is expected to bring changes that could impact property buyers before and after the laws come into effect.

Although the Land Law may be implemented as early as July 2024, its impact on the market is likely to be felt from 2025, marking a potential new price cycle for real estate.

The Real Estate Business Law aims to streamline the market and promote sustainable growth with regulations such as:

• Real estate brokers must operate through real estate exchanges and cannot practice independently.

• Commissions must be transferred via bank transactions.

• Developers must disclose project information before selling.

• Actual transaction prices must be stated in contracts.

• Restrictions on subdividing land for resale.

Meanwhile, the Housing Law enhances housing accessibility for the public, expands eligibility for overseas Vietnamese and foreigners to purchase property in Vietnam, and focuses on developing social housing segments. It also tightens regulations on housing management and development.

Real Estate Market Boost from Government Resolutions

The National Assembly approved a Resolution on urban government organization and piloting special mechanisms and policies for Da Nang's development on June 26, 2024, marking a new era of growth for the city.

Additionally, Da Nang's 2025 urban planning emphasizes streamlining government structure and mobilizing global resources, including Foreign Direct Investment (FDI) and high-tech industries such as Artificial Intelligence (AI). The city also prioritizes semiconductor development, AI, information and communication technology, scientific management, and innovation.

In line with Resolution 136, the Politburo approved the establishment of an International Financial Center in Ho Chi Minh City and a regional financial center in Da Nang. This serves as a catalyst for Da Nang's rapid development in the coming years.

Infrastructure as a Key Driver of Da Nang's Real Estate Market

1. Lien Chieu Port:

   • The largest deep-water seaport in Central Vietnam, capable of accommodating ships over 100,000 tons.

   • Plays a crucial role in connecting maritime transport and promoting Da Nang's logistics and international trade.

2. Free Trade Zone:

   • Comprising nine zones for manufacturing, logistics, and commercial services, spanning over 1,700 hectares.

   • Expected to become a world-class commercial, logistics, high-tech, and luxury resort hub.

3. Financial Center:

   • Located on prime land in Son Tra District along Vo Van Kiet and Vo Nguyen Giap streets, with potential expansion into Da Nang Industrial Park.

   • Aims to become the most modern financial-banking-securities hub in Central Vietnam, featuring office towers, luxury hotels, and bustling shopping centers.

In addition, Da Nang is investing in key transportation projects, including tunnels under the airport, Hoa Xuan Bridge, the Western Axis Road, and a 30m-wide tunnel under Han River connecting Hai Chau and Son Tra districts. The expansion of the North-South Expressway and La Son-Hoa Lien section is also underway with a budget of about VND 3,000 billion.

Real Estate Market Outlook for Da Nang (2024-2025)

According to experts, Da Nang's real estate market is expected to grow significantly during 2024-2025 due to favorable conditions:

1. Completion of Major Transportation Projects:

   • Expansion of Da Nang International Airport, construction of underground tunnels, and new roads connecting key areas will enhance connectivity, stimulating economic growth and attracting investors and tourists.

2. High Demand for Housing and Resorts:

   • A large supply of new apartments, villas, and townhouses is anticipated, meeting the growing housing demand.

   • The recovering tourism industry is expected to boost demand for vacation homes and entertainment properties, driving the real estate market.

Conclusion

With robust economic and tourism growth, strategic infrastructure development, and favorable policies, Da Nang's real estate market presents significant investment opportunities. However, investors should carefully consider legal aspects, market dynamics, and financial planning to maximize returns and mitigate risks.