Da Nang: Resort real estate market still faces difficulties

DNVN - Real estate service corporation DKRA Group believes that the resort real estate segment has not shown signs of recovery in the short term.

According to DKRA Group, the primary supply of townhouses and villas in the Da Nang market and surrounding areas increased slightly by 6% over the same period in the first two months of 2025. However, most of the supply came from inventory, while new supply continued to be absent.

According to DKRA Group, the resort real estate market in Da Nang and surrounding areas is still facing many difficulties.

Market liquidity remains quite low, consumption has decreased significantly and is only equivalent to 52% compared to the same period. Da Nang area leads the market by accounting for nearly 46% of total supply and 67% of total primary consumption. Primary selling prices remain stable, not fluctuating much compared to the same period.

Investors continue to promote attractive incentive programs such as bank loan support, preferential interest rates, and principal grace period to increase liquidity. Secondary selling prices continue to trend sideways but slightly decrease by 4% compared to the same period, the decrease is mainly concentrated in the group of projects that have been implemented for a long time, are behind schedule, and have not completed legal procedures.

Regarding resort real estate, DKRA Group said that the primary supply of the resort villa segment continued to decline, down about 1% compared to the same period. Most of the supply comes from inventory of old projects, new supply has been almost absent for the past three years. Market demand remains very low, transaction volume is modest, accounting for only about 2% of total primary supply. Primary selling prices remain stable, with little fluctuation compared to the same period.

Although investors have tried to launch many preferential policies, discounts, interest rate support and stimulus programs, liquidity has not improved as expected. Liquidity difficulties continue to weigh on market sentiment. Investor confidence is low, leading to a prolonged gloomy state and has not shown any signs of recovery in the short term.

Regarding the resort townhouse/shophouse segment, DKRA Group said that the supply has not changed much compared to the same period last year, mostly coming from the inventory of old projects. The market continues to be quiet, with no transactions recorded in the first two months of the year, most projects have closed their inventory or have violations, making liquidity difficult.

The primary selling price level continues to trend sideways, while preferential policies and discounts continue to be widely applied. Many projects have been caught up in violations and construction is behind schedule, affecting investors’ confidence, causing this segment to be quite quiet in recent times and almost fall into a “prolonged hibernation” cycle.

For the condotel segment, primary supply increased by 9% over the same period but was still quite low compared to the period 2019 - 2020. The market was quiet, liquidity continued to face difficulties and no transactions were recorded in the first 2 months of the year. Primary selling prices did not fluctuate much compared to the same period. Investors applied many preferential policies such as commitment/sharing of profits/revenue... but liquidity has not shown any signs of improvement.

According to DKRA Group, the market is expected to face many difficulties and challenges as the legal framework for this segment remains unclear. Liquidity remains low and investor confidence continues to decline, hindering the market's recovery in the short term.

Hai Chau

Source: https://doanhnghiepvn.vn/kinh-te/da-nang-thi-truong-bat-dong-san-nghi-duong-van-gap-kho/20250314104201817