Explaining the reasons behind the Da Nang housing market's upturn

DNVN - According to Savills Vietnam, the housing market in Da Nang is showing strong signs of recovery thanks to key infrastructure projects and policies that create long-term development incentives.

According to the Da Nang real estate (RE) market report for H1/2025 recently published by Savills Vietnam (part of the Savills real estate services group, London, UK), Da Nang City is gradually transforming into an economic and innovation hub, driven by a series of large-scale infrastructure projects and new development policies.

Customers learn about the 5-star hotel and apartment complex project The Soleil Da Nang, which will open for sale on October 26, 2025.

Savills Vietnam commented that the Da Nang real estate market is entering a period of strong recovery and moving towards sustainable growth, with two main segments being housing and resort real estate. In particular, the supply of apartments and the price level have recovered positively.

Specifically, the supply of apartments has increased strongly again since the beginning of 2024. Primary selling prices in new projects remain high thanks to prime locations, reputable investors and upgraded handover standards. The choice of investment segment is also clearly differentiated. Investors from Hanoi and Ho Chi Minh City prioritize Class A products, while local buyers focus on the mid-range segment for long-term residence.

Ms. Do Thu Hang - Senior Director, Research & Consulting, Savills Hanoi said that by the second quarter of 2025, the average apartment price in Da Nang will reach about VND77 million/m². This price is higher than before, mainly due to projects located in prime locations, being well-invested and having increased input costs.

In the low-rise segment, the market recorded a large demand for land and shophouse products. Almost all of the existing supply of villas, shophouses and townhouses has been absorbed. In the future, the emergence of large-scale projects is expected to continue to boost supply and transactions in the low-rise housing segment.

According to Savills Vietnam, the Da Nang housing market is thriving thanks to key infrastructure projects and policies that create long-term development momentum. A series of infrastructure projects such as Lien Chieu Port, International Financial Center (RFC), Free Trade Zone (FTZ) and expansion of Da Nang International Airport are considered the foundation to promote long-term growth for the market.

Mr. Matthew Powell - Director of Savills Hanoi said that breakthroughs in infrastructure and policies will have a profound impact on Da Nang's economy and tourism, thereby promoting sustainable development for real estate. Da Nang is becoming an attractive destination thanks to its open economic policy and clear development orientation.

Savills Hanoi also noted that, in addition to high-end projects, the emergence of new apartment and urban area products in non-central areas helps the Da Nang real estate market to be more diverse and attract more long-term investors.

It is expected that in the period of 2025-2027, the market will have more than 12,000 new apartments launched in many different areas. Projects near the sea or in the city center by reputable investors will maintain high prices, while areas further away from the center will have more affordable options, helping to diversify the market.

“With improved infrastructure, proactive planning and investor confidence, the Da Nang housing market is expected to maintain a stable growth momentum in the next few years. While high-end projects continue to lead the price level, the development of the affordable segment in new areas will create a more balanced and sustainable market,” said Mr. Matthew Powell.

Hai Chau