In 2024, Da Nang's real estate market will recover strongly with many new projects starting, marking a turning point after a period of stagnation due to the pandemic and economic fluctuations.
Da Nang real estate recovers positively, a series of new projects compete to launch
In 2024, Da Nang's real estate market will recover strongly with many new projects starting, marking a turning point after a period of stagnation due to the pandemic and economic fluctuations.
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| Da Nang is reshaping its position on the Vietnamese real estate map with a series of new projects and price growth, especially for apartments. (Photo: Perspective of Peninsula Da Nang project) |
In 2024, the Da Nang real estate market is showing recovery and positive growth again. The excitement is not only reflected in a series of large projects being started but also in the price increase rate of existing real estate projects.
According to the Department of Construction, in the first 9 months of 2024, Da Nang has appraised, granted new construction permits, and adjusted permits for more than 30 projects with a total investment of more than 20,000 billion VND. Many projects are also being vigorously implemented by investors and contractors, such as: The apartment complex east of Tran Hung Dao Street (The Ponte), Olalani Riverside Tower, TTC Plaza Da Nang Complex, Asiana Da Nang Luxury Apartment Complex, etc.
In the coming time, the city will continue to have many more high-rise buildings begin construction. In particular, many projects will have difficulties and obstacles removed to help investors speed up implementation progress, in order to unblock and promote resources for growth.
In addition to positive signals from the implementation of new projects, the Da Nang real estate market has also received great attention from investors from all over the country. Data from Batdongsan.com.vn shows that investors from Hanoi account for the majority and have seen strong growth in interest in Da Nang apartments and condotels. Specifically, in the third quarter of 2024, the number of people from Hanoi searching for Da Nang apartments and condotels increased by 30% compared to the previous quarter. In addition, the interest of investors from Ho Chi Minh City also increased by 20%.
According to Mr. Nguyen Quoc Anh - Deputy General Director of Batdongsan.com, luxury apartments in Da Nang, both in the inner city and resorts, show good growth in prices, while the market in Hanoi and Ho Chi Minh City tends to stagnate. The main reason for the growth in Da Nang is the sharp increase in the proportion of luxury apartment supply, from 38% in the first quarter of 2024 to 62% in the third quarter of 2024.
Contributing to the supply of new luxury apartment segment in Da Nang market, Peninsula Da Nang project has been officially licensed by the Department of Construction to be eligible for trading according to regulations from October 1, 2024.
Peninsula Da Nang has a total of 941 luxury apartments with 30 floors above ground and 3 basement parking floors. Each apartment has an area of 45.4m² - 106.5m²; the total floor area of the house is up to 67,522.8m², fully equipped with smart parking, 5-star lobby and utility systems such as restaurant space, cafe, supermarket, Officetel, fashion store, Gym - Yoga - Spa, Infinity pool, Children's indoor playground, Learning library, Luxury meeting room...
Not only possessing solid legal status, Peninsula Da Nang also impresses with its prime location right in the city center, located at Lot A2-1 Le Van Duyet Street, Nai Hien Dong Ward, Son Tra District, near Thuan Phuoc Bridge with a wide view, encompassing the view of the Han River, Son Tra Peninsula, and My Khe Beach.
In particular, Peninsula apartments have a rare design that has never appeared in the apartment market in Da Nang before, such as: 100% of functional rooms can get wind and natural light; 100% of apartments have 2 separate functional balconies; 100% of apartments use the most advanced aluminum and glass system today, a 27.5mm thick double-glazed glass system coated with Low E; 100% of apartments are furnished with high-end wall-mounted furniture from famous brands...
According to the exclusive distributor of Peninsula Da Nang, the project will be opened for sale at prices starting from 53.5 million VND/m² excluding special discount and promotion policies on the occasion of the product launch. This is a very competitive price compared to high-end projects in the same segment in the Da Nang market.
In addition to Peninsula Da Nang, the Sun Symphony Residence project of investor Sun Group launched in May 2024 is also receiving attention and attraction in the market. The project is deployed on an area of 8 hectares on Tran Hung Dao - Le Van Duyet Street in Son Tra District, Da Nang City, with a variety of products from low-rise to high-rise.
Source: https://baodautu.vn/batdongsan/bat-dong-san-da-nang-phuc-hoi-tich-cuc-loat-du-an-moi-dua-nhau-ra-hang-d241878.html
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