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New development momentum for Da Nang real estate market

The strong recovery of the tourism industry, the influx of foreign direct investment (FDI) and the policy of expanding urban space after the merger are creating new momentum for the development of the Da Nang real estate market.

Báo Đà NẵngBáo Đà Nẵng28/07/2025

The recovery of tourism, FDI capital flows and urban expansion policies after the merger of Quang Nam are creating new momentum for Da Nang real estate development. Photo: TRONG HUNG
The recovery of tourism, FDI capital flows and urban expansion policies after the merger of Quang Nam are creating new momentum for Da Nang real estate development. Photo: TRONG HUNG

Speaking to reporters, CEO of CBRE Vietnam Research Department (a unit specializing in Vietnam real estate market research) Duong Thuy Dung said: Da Nang is one of the localities with the fastest and clearest tourism recovery in the country.

In the first half of 2025, the city welcomed about 5.8 million overnight guests, an increase of nearly 19% over the same period; of which international visitors increased by more than 31%.

This is the result of expanding the international flight network, especially from Korea, China, Japan, the United Arab Emirates (UAE) and thanks to events attracting visitors such as the Da Nang International Fireworks Festival (DIFF) 2025, Da Nang Food Tour, Enjoy Da Nang 2025...

According to Ms. Duong Thuy Dung, the recovery of tourism has led to a significant increase in demand for accommodation, resorts, serviced apartments and hotels. The hotel, resort real estate and luxury apartment markets are benefiting. However, during this period, investors need to be cautious to avoid being swept away by unrealistic expectations.

Ms. Duong Thuy Dung, Executive Director of Research Department, CBRE Vietnam. Photo: provided by the character.

* So, how is the Da Nang market doing in the hotel and resort real estate segment, madam?

- The 4-5 star hotel segment is recovering positively, with an average room occupancy rate of 65.5%, exceeding the pre-COVID-19 period. Two new projects, Courtyard Danang Han River and Wyndham Soleil, have added nearly 600 rooms, bringing the total number of 4-5 star rooms in the city to more than 18,600.

Regarding resort real estate for sale such as villas and condotels (apartment hotels), the market is recovering. Although new supply is still scarce, projects such as Mandarin Oriental or Sun Costa Residence have recorded high prices thanks to their prime locations and high-end standards. However, the absorption rate of resort villas is still low, about 14-15 units/year, showing the caution of buyers.

In contrast, condotels recorded more positive signals, with an absorption rate of nearly 89% in the second quarter of 2025. It is forecasted that by 2027, this segment will be clearly differentiated: projects with transparent legal status, high quality and reputable operators will lead the market.

* Besides tourism real estate, the apartment segment for sale is also attracting great attention from investors. Has CBRE recorded any special trends in the first 6 months of the year?

- The apartment market for sale is growing impressively. In the first 6 months of 2025, there were about 950 apartments opened for sale from 4 projects, increasing the cumulative supply to nearly 12,300 units.

The average primary selling price reached VND85 million/m2, up 27% over the same period in 2024. Some high-end projects are priced from VND130 - 200 million/m2.

However, the rapid increase in prices has slowed down absorption. Although the number of units sold increased 2.2 times compared to the same period in 2024, it decreased by 65% compared to the second half of 2024.

In the next 3 years, the new supply is forecast to be about 10,000 units, with a growth rate of 26%/year. The market needs time to absorb and maintain stable liquidity.

* Recently, there have been many warnings about the situation of "land brokers" pushing up virtual prices, especially after the announcement of new planning or large infrastructure projects. What recommendations do you have for investors in this context?

- When there is positive news such as opening new flight routes, bridges, metro or mergers, there is immediately a situation of "catching the wave", pushing up land prices in some areas. However, not all areas have real potential.

Investors should avoid “surfing” on rumors and should prioritize products with transparent legal status, reputable investors and clear functions. It is important to clearly define the investment goal, for living, renting or medium-long term, to make the right choice.

* The establishment of the Quang Nam - Da Nang Free Trade Zone and the integration are considered two major breakthroughs. How do you think these changes will impact the city's real estate market in the coming time?

- When the two localities merge, it will open up a larger and more integrated development space in terms of planning, infrastructure and regional economy. Da Nang will no longer be just a tourist city but will become an industrial - service - logistics center of the entire Central Coast region.

The southern areas of Da Nang will be the destination of large-scale projects in the future, especially in the fields of new urban areas and industrial real estate.

However, to be effective, it is necessary to integrate good planning, reform investment procedures and policies to promote private investment. If done, this will be a strong push for the Da Nang real estate market to enter a new development cycle.

* Thank you for this conversation!

Source: https://baodanang.vn/da-phat-trien-moi-cho-thi-truong-bat-dong-san-da-nang-3298049.html


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