Da Nang real estate market "heats up" - Positive signs opening a new cycle

The Da Nang real estate market is recording a revival thanks to a series of positive signals: the implementation of the Da Nang Financial Center, the orientation of developing the Free Trade Zone and the launch of many large-scale projects. Increased liquidity and steady increase in land prices show that investors' confidence is gradually returning to the coastal city.

Land prices "warm up", Hoa Minh becomes the center of attention

Ms. Phan Thi My Linh – a real estate broker in Da Nang – said that the market has started to “warm up” after the Tet holiday. Land prices have increased evenly in many areas, of which Hoa Minh ward (Lien Chieu district) is leading in price increase rate.

“With only 2.5 billion VND, it is now very difficult to buy a plot of land on streets like Hoang Thi Loan or Nguyen Sinh Sac. Land plots with standard legal documents are now priced at 3 billion VND,” Ms. Linh shared.

With many years of experience in the profession, she believes that this is an annual price increase cycle, but the increase this year is significantly stronger. There are plots of land that have increased in price from several hundred million to nearly 1 billion VND in just a few months.

Liquidity improves, real demand prevails

After the Lunar New Year of At Ty 2025, real estate trading activities in Da Nang became bustling. Many people tend to sell old properties to move to better locations or build new ones.

Mr. Nguyen Van Chi (Cam Le district) said he had just sold his house in the alley and bought a frontage plot of land worth more than 3 billion VND to build a house. Mr. Nguyen Hoang Quan - a son far from home - returned from Dak Nong to buy land near his family: "I just bought a plot of land in Hoa Xuan for 4.5 billion VND", he shared.

According to records at the Cam Le District One-Stop Department, the number of people coming to do land-related procedures has increased significantly compared to other types of documents, showing that actual demand is increasing.

Da Nang enters new growth cycle

Mr. Nguyen Anh Dung – Director of Truong Phat Real Estate Company – commented that the Da Nang market is entering the early stages of a new growth cycle after nearly 6 years of stagnation. This is no longer a temporary phenomenon, land prices are increasing steadily by about 5-7% compared to the time before Tet.

“Our company receives customers regularly every day. Some areas show signs of stopping sales to maintain prices, but it is not a land fever yet. Da Nang is currently an attractive destination for both consumption and investment needs,” said Mr. Dung.

The investment wave is also fueled by the sharp increase in land prices in Hanoi, causing many investors to seek Da Nang, where prices are still reasonable and growth potential is high. The number of visitors from all over the country, including overseas Vietnamese, is increasing.

Real demand drives the market

According to Mr. Nguyen Duc Lap - Director of the Institute of Real Estate Research and Training - the Da Nang market is receiving "push" from major policies such as the construction of a Financial Center, planning a Free Trade Zone and launching many new projects. Along with that, the lending interest rate is at a low level, helping the cash flow shift strongly into real estate.

Some market research units said that the phenomenon of “surfing” almost did not appear, instead, real demand and population movement to new urban areas were increasingly evident. This confirmed that the current growth momentum is sustainable, not a virtual fever.

The signal for the start of the explosive year

It can be seen that positive macro factors, along with the return of investor confidence, are creating an impressive start for the Da Nang real estate market in 2025. With good transaction speed, reasonable price increases and strong cash flow, this coastal city promises to be a new "bright spot" on the real estate map of the Central region.

Source: Investment Newspaper