Da Nang real estate is heating up in the early months of 2025

In 2024, Da Nang's economy has shown significant improvements, with an estimated GRDP growth of 7.51% compared to the same period last year, laying an important foundation for the city to aim for over 10% growth in 2025. Along with the solid growth of the economy, the coastal city's real estate market is gradually regaining its position, opening up substantial opportunities for investors.

According to information from the Da Nang Statistics Department, in the first two months of 2025, the city's industrial production continued to maintain double-digit growth. Specifically, the industrial production index (IIP) increased by 10.5%, and exports and imports reached USD 552 million (up 14.6%), while retail sales surpassed 14.176 trillion VND (up 16.3% compared to the same period last year). These positive signals from the economy not only strengthen cash flow but also provide momentum for the real estate market in Da Nang to 'heat up' early in the year.

Market data from Batdongsan.com.vn shows that immediately after the Lunar New Year of the Year of the Snake in 2025, there has been a positive recovery in the volume of listings and interest in real estate.

Commenting on the real estate market in Da Nang, Mr. Dinh Minh Tuan - Regional Director of Batdongsan.com.vn stated that Da Nang continues to lead in interest in land lots in January 2025. The city maintains its position as one of the most attractive markets, thanks to the strong development of tourism and modern transportation infrastructure.

The real estate market in Da Nang is active in the early months of 2025 (source: Internet).

Market surveys in the Northwest area of Da Nang show that land prices in this region have significantly increased compared to 2024.

Specifically, in Hoa Son, Hoa Ninh, Hoa Lien, Hoa Bac, and Hoa Phu (Hoa Vang District), the price of resettlement land has increased by 100 - 150 million VND per lot. In Resettlement Area 6 (Hoa Son), land prices are recorded at 1.65 - 1.8 billion VND per lot (5.5m road) and 2 - 2.2 billion VND per lot (7.5m road).

In Hoa Lien, land prices have risen by 200 million VND, currently ranging from 1.9 - 2.7 billion VND per lot. Residential land in Hoa Son, Hoa Ninh, and Hoa Lien has also seen a strong increase, currently priced from 900 million to 1.2 billion VND per lot (120m²), indicating the heat of the real estate market in the Northwest area of Da Nang.

Additionally, land prices in the central area of the city have also increased significantly. Notably, Bach Dang Street along the Han River continues to lead with prices ranging from 148 to 286.5 million VND/m², with the section from Han River Bridge to Dragon Bridge increasing by 65%, reaching 286.5 million VND/m². Other key streets have also recorded significant increases, such as Nguyen Van Linh reaching 177 million VND/m² and Vo Nguyen Giap at 187 million VND/m². This price adjustment reflects the strong appeal of the Da Nang market, especially in central and coastal areas.

In the apartment segment in Da Nang, the strong development of infrastructure and tourism is continuing to be identified as essential factors driving the market in 2025. Notably, the primary supply for the Da Nang apartment market is expected to increase by 25% compared to the same period last year, while demand is showing signs of recovery.

Mr. Nguyen Huu Phin – Director of Business at Central Land and Investment JSC, stated: “The Da Nang real estate market is entering a strong development phase. As we enter the peak tourist season with a series of major events, Da Nang continues to witness robust growth in the resort real estate, hotel, and shophouse sectors. Notably, investment flows from Hanoi, northern provinces, and overseas Vietnamese are boosting the luxury apartment, resort villa, and coastal house segments”. 

Consequently, projects with beautiful locations by the river, along the coast, and in central areas with clear legal status and profit potential, such as The Sang Residence, Peninsula Da Nang, Sun Symphony Residence, Newtown Diamond, and Sun Ponte Residence, are becoming prime investment destinations.

Mr. Nguyen Anh Tuan, a real estate broker in Da Nang, shared: “Currently, the luxury apartment and resort real estate segment has prices ranging from 50 to 100 million VND/m², equivalent to 4 to 10 billion VND per unit, depending on the location”.

Vista Residence – One of the investment destinations in the real estate market in the central area of Da Nang.

Concurrently, in the early months of this year, networking activities such as Real Estate Café have been held regularly, alongside project launches that gather hundreds of experts, brokers, and investors. These events not only provide valuable information but also contribute to boosting transactions and increasing interest in potential real estate products.

Overall, with the economic recovery, improved household income, consistently low lending rates, and supportive policies, the real estate market in Da Nang has been bustling in the early months of the year.

With Da Nang aiming for double-digit economic growth in 2025, along with a series of billion-dollar projects being aggressively implemented, such as Làng Vân (44 trillion VND), Asia Park (43 trillion VND), the Viettel technology park, and FPT's technology urban areas, the real estate market in Da Nang will continue to be stimulated in the coming time.

The Lang Van Tourist and Resort Urban Complex Project is located in Hoa Hiep Bac Ward, Lien Chieu District (Source: Internet).

Mr. Nguyen Duc Lap - Director of the Institute for Real Estate Research and Training, evaluated that in 2025, the primary market is likely to maintain a positive momentum based on favorable information about planning and investment in the locality. It is hoped that projects released from the resolution of the National Assembly will soon be added to the market supply, creating a more vibrant market. The apartment segment is expected to maintain its growth trajectory with the addition of supply from new projects.

With a series of driving forces from economic development, policies, infrastructure, foreign capital, and booming tourism, the real estate market in Da Nang in 2025 stands before a strong breakthrough opportunity, promising to become a bright spot on the national investment map.

Hai Nam