In the strong growth momentum of the Da Nang real estate market in 2024, the mark and driving role of high-class real estate complexes along the Han River with methodical planning and a system of high-class utilities following the pioneering "all-in-one" model will be noted.
Interest level surpasses Hanoi and Ho Chi Minh City
Commenting on Da Nang real estate in the first 10 months of the year, the market research site Batdongsan.com.vn assessed: The trend of buying apartments for "surfing" in Da Nang has currently declined compared to the purpose of buying for living and renting. The two products that are receiving the most attention from the market are apartments and condotels because investors expect to make a profit from exploiting high rental prices.
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| Da Nang real estate receives many positive signals. |
This is not surprising because Da Nang has always been one of the localities with the highest tourism growth rate in the country. In 10 months, Da Nang welcomed nearly 9.3 million overnight guests, an increase of nearly 32% over the same period in 2023; international visitors reached nearly 3.5 million.
“Localities with tourism potential, well-invested infrastructure, and developed infrastructure will be targeted destinations. Investors are interested in real estate products that generate cash flow from accommodation services for tourists,” said Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn.
Sharing the same view, the Da Nang Statistics Office assessed that positive signals from the tourism sector will increase investors' interest in the Da Nang real estate market. In fact, the rental price increase rate of Da Nang (quarter 4/2024 compared to quarter 1/2024) is very high, reaching 28.3%, almost second only to Hanoi.
Regarding the level of interest in luxury apartments in the third quarter of 2024, while the Hanoi market is flat and the Ho Chi Minh City market is down quite sharply, the Da Nang market is witnessing great growth. The reason is said to be the sharp increase in the proportion of luxury apartment supply in Da Nang, from 38% in the first quarter of 2024 to 62% in the third quarter of 2024.
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| Luxury apartments are on the rise in Da Nang. |
In particular, the attraction of Da Nang real estate is heating up not only with local people but also spreading throughout the country. Research data shows that the level of interest of investors from Hanoi accounts for the majority and is increasing sharply. In the third quarter of 2024, the number of Hanoians searching for apartments and condotels in Da Nang increased by 30% compared to the previous quarter. The level of interest of investors from Ho Chi Minh City also increased by 20%.
The heat continues to rise as Da Nang is piloting the establishment of Vietnam’s first free trade zone, along with a series of special mechanisms to serve development. This has been spreading heat to the real estate market as well as investment psychology.
Sun Symphony Residence complex next to Han River: "Treasure" being hunted
The “Top 1” projects sought after in the Da Nang market are the high-end urban real estate complexes/complexes along the Han River. Possessing a golden coordinate along the legendary river, these projects are pioneering new living trends in the world-class livable city, enhancing the appearance of the coastal city.
After the success of the Sun Cosmo Residence and Sun Ponte Residence complexes, the high-end real estate complex Sun Symphony Residence continues to cause a stir with its semi-compound urban model with full amenities appearing for the first time in Da Nang. Aiming to create a coordinate honoring the elite community of residents, developer Sun Property (a member of Sun Group) invested in a "standard every centimeter" utility system including: a 450m2 infinity pool with a perfect view of the Han River, a 5,000m2 green Central Park, an outdoor sports and entertainment area, a gym, spa, kids club, BBQ garden, a poetic Han River walking path...
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| The Symphony apartment with the privilege of enjoying the masterpiece of nature and the paradise of services and amenities. |
All are located in a diamond position where the land "minh duong tu thuy" is convenient to move to everywhere in the city. This further multiplies the value of the rare real estate at Sun Symphony Residence because of an immutable principle: nothing beats location.
With the nature of a semi-compound area, Sun Symphony Residence owns an open space, but is still monitored by a modern camera system and a professional security team on duty 24/7, bringing an absolutely safe life to residents. Here, the quietness and privacy of the high-class The Symphony apartments and the excitement of shopping and entertainment activities in the low-rise subdivision The Sonata will blend together, creating a multi-dimensional, multi-experience living space, so that every day living at Sun Symphony Residence will be moments of perfect enjoyment between nature and a paradise of services and utilities - exclusive privileges for elite residents.
In particular, The Symphony high-rise towers have a breathtaking view of the entire beauty of Da Nang and the high-class fireworks displays on the Han River. The upper class can also enjoy the Han River by yacht when just a few steps away, they can "touch" 3 inland waterway ports right in the area.
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| Sun Symphony Residence pioneers the semi-compound urban model. |
Not only possessing sustainable added value over time, real estate along the Han River in general and Sun Symphony Residence in particular also have great potential for business exploitation and service rental. Because the group of foreign guests, experts, businessmen on business trips and long-term vacations in Da Nang is increasing day by day and always requires high standards of accommodation. These are standards of security, safety, full amenities, multi-experience, and of course aesthetics, enjoyment...
The beautiful coastal city chosen by billionaire Bill Gates for vacation is expected to reach more than 4 million international visitors this year, breaking the record of 2019. The booming tourism continues to promote the strong recovery of luxury urban real estate in Da Nang, entering a new growth phase. In this cycle, well-planned, classy projects such as Sun Symphony Residence have been affirming their pioneering position, contributing to creating a new living space worthy of a city worth visiting, worth living, worth investing in of international stature.
Source: http://baodanang.vn/kinhte/202411/thi-truong-da-nang-su-len-ngoi-cua-nhung-quan-the-bds-do-thi-hang-sang-3994374/
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