Land prices increase in the area bordering Da Nang - Quang Nam

The resettlement project serving the clearance of the University Village has not yet completed legal procedures but the price is already 2.5 billion VND/plot. Photo: VINH LOC

Bustling border area

At this time, although the resettlement project serving the clearance of the University Village (Nam Ky Khoi Nghia Street, Da Nang City) has not yet completed legal procedures, trading activities have begun to bustle. Several land brokerage kiosks have been set up, ready to connect and advise customers.

According to information from land brokers, currently each plot of land here has a price of around 2.5 billion VND (area of ^​​100m2 ), it is predicted that after 2 months when the land use right certificate is issued, the price may be higher. The resettlement area serving the clearance of the University Village is about 20 minutes by car from the center of Da Nang City.

Surveying a round of real estate projects in the area surrounding Da Nang and neighboring localities such as Dien Ban, Hoi An... it is easy to see that land prices have increased by 20-30% compared to January-February 2025. Ms. NTM - a "land broker" in Dien Ban said that since March 2025, when information about the merger of Quang Nam province into Da Nang city spread, land prices in the area bordering Da Nang city have gradually increased.

For example, in residential area 1B, Dien Ngoc ward (Dien Ban) near FPT School, the selling price is about 35 - 40 million VND/ ^m2 ; slightly lower, area 1A near Phan Chau Trinh University and Phan Chau Trinh Hospital, the price is also 26 - 30 million VND/ ^m2 ; the lowest price in residential area number 9, after Dien Ngoc market, is also nearly 18 million VND/ ^m2 .

“This place borders Da Nang and is conveniently connected to Hoi An, especially near schools such as FPT, Phan Chau Trinh, night market... so the price increase is reasonable. Since after Tet until now, land prices have increased by 200 - 400 million VND/plot. If you don't buy now, it will increase again in a few days" - Ms. M. warned.

However, according to experts' analysis, the increase in real estate prices and transactions is mainly due to investment in inventory because there is no shortage of supply.

Land transactions in the vicinity of Da Nang City have become bustling after Quang Nam merged into Da Nang City. Photo: VINH LOC

On April 17, DKRA Consulting (under DKRA Group) announced the "Report on the housing real estate market in Da Nang and its vicinity". Accordingly, in the first quarter of 2025, the real estate market in Da Nang and its vicinity recorded an improvement in supply in some segments compared to the same period last year. Specifically, in the first quarter of 2025, in the Quang Nam and Da Nang areas, 16 primary projects were introduced to the market (about 978 plots), an increase of 5% compared to the same period in 2024.

Market demand remains low, with consumption decreasing by about 39% compared to the first quarter of 2024, equivalent to only 9% of the primary supply ratio. The primary price level recorded an average increase of 7% compared to the end of 2024, while the secondary price market achieved a common increase of 6-9% compared to the fourth quarter of 2024.

Quang Nam rectifies land management in the process of implementing the policy of merging provinces.

The People's Committee of Quang Nam province has just issued an official dispatch requesting functional agencies and localities to rectify land management in the process of implementing the province merger policy.

Accordingly, the Chairman of the Provincial People's Committee requested the Department of Agriculture and Environment to strengthen inspection and supervision of land transfer, land division, and land use purpose change in the whole province to ensure compliance with current legal regulations. Actively coordinate with relevant agencies to strictly handle cases of land law violations and taking advantage of information about provincial mergers for personal gain.
Review and advise the Provincial People's Committee to direct the implementation of solutions to control transactions, transfers, and conversions of land use purposes, especially in areas with large and unusual fluctuations in land prices...

The Chairman of the Provincial People's Committee also directed the Department of Agriculture and Environment, the Provincial Police, the People's Committees of districts, towns, cities and related agencies and units to urgently implement, promptly report to the Provincial People's Committee for consideration and direction of related contents, contributing to stabilizing the land market situation and ensuring social order in the province. (HUU PHUC).

Demand recovers slightly?

Dien Ban Town currently has about 162 real estate and residential area projects, most of which are not completed due to land acquisition and legal procedures. Mr. Pham Dinh Dung - Head of the Tax Team of Dien Ban, Hoi An, Duy Xuyen informed that since the beginning of the year, the number of documents related to real estate transactions and transfers has increased dramatically. In Dien Ban Town alone, in the first 3 months of the year, the unit received and processed an average of about 140 sets of documents per day, an increase of more than 100 sets compared to the end of 2024.

Most of the land records come from localities bordering Da Nang such as Dien Ngoc, Dien Thang Bac, Dien Tien, Dien Hoa. Notably, compared to the price of the Provincial People's Committee, the transaction price on the market is much higher.

The supply of land in the second quarter of 2025 in Quang Nam is still quite large. Photo: VINH LOC

DKRA Consulting forecasts that in the second quarter of 2025, there will be about 80 - 120 new products launched for sale in the two localities of Quang Nam and Da Nang. However, the new supply of land is still scarce. "The general demand of the market may recover slightly, however, there will not be many sudden changes in the short term" - DKRA commented.

Notably, the secondary market maintained its recovery momentum, with products belonging to urban complexes, legal completion, and diverse utilities... still playing a key role in market liquidity.

In addition, in the apartment segment, new supply is forecast to increase slightly with about 800 - 1,500 units, concentrated in Da Nang City. The Class A apartment segment continues to account for a large proportion of the new supply structure brought to the market, concentrated in the districts of Hai Chau, Son Tra and Ngu Hanh Son.

Overall market demand continues to recover but may be somewhat affected by the tariff negotiations with the US and the merger of localities in the coming time. Primary and secondary liquidity are expected to continue to maintain a stable growth trend but there are unlikely to be any breakthroughs in the short term.

According to forecasts from DKRA Consulting, in addition to land supply, the townhouse/villa segment is expected to continue to be scarce. Overall demand may increase slightly compared to the previous quarter but is unlikely to have a breakthrough in the short term, mainly focusing on projects developed by large investors, with complete legal documents and guaranteed construction progress.

Primary prices remain stable, and preferential policies and discounts for quick payments will continue to be applied in the second quarter of 2025. The secondary market may improve, focusing mainly on products that have been handed over with complete legal documents and convenient connectivity.

In terms of resort real estate, new supply continues to be absent as investors are more cautious in implementing sales. Market liquidity is expected to continue to face many difficulties and there will be few short-term breakthroughs. Primary prices remain stable and do not fluctuate much. Policies to support interest rates, principal grace periods, and payment schedule extensions, etc. continue to be applied by many investors in the current difficult market context.

Source: https://baoquangnam.vn/gia-dat-tang-o-vung-giap-ranh-da-nang-quang-nam-3153077.html