New supply of apartment segment in Da Nang is expected to increase

New supply of apartment segment in Da Nang is expected to increase

In the apartment segment, new supply in the fourth quarter of 2024 is expected to increase, forecast to reach 2,000 - 3,000 units.

New supply of land plots in Da Nang and surrounding areas is forecast to improve in the last quarter of 2024.

On October 16, DKRA Consulting - the Research and Development Consulting service brand of DKRA Group forecasted that the new supply of land in Da Nang City and its surrounding areas will improve significantly in the last quarter of 2024, fluctuating around 100 - 150 products, mainly concentrated in Quang Nam and Da Nang. Economic recovery, improved legal system, cooling real estate loan interest rates... are factors expected to create a recovery for the market in the coming time.

In the apartment segment, new supply in the fourth quarter of 2024 is expected to increase, forecast to reach 2,000 - 3,000 units. Most of the supply is concentrated in Da Nang, while Quang Nam and Thua Thien Hue continue to maintain a shortage of new supply. Primary selling prices continue to be high due to input cost pressure, but are well supported by preferential payment policies, discount policies, support for bank loan principal and interest grace periods, etc. Market demand is expected to continue to recover in the third quarter of 2024, but there will be few short-term breakthroughs.

New supply of townhouses/villas in the fourth quarter of 2024 is forecast to continue to be scarce, the number of products brought to the market is expected to be equivalent to the third quarter of 2024 and most of them will come from the next phase of previously launched projects.

Overall demand may increase slightly compared to the previous quarter, but there is unlikely to be a sudden change in the short term, mainly focusing on projects with complete legal procedures and guaranteed construction progress. Primary prices remain stable, and preferential policies and discounts for quick payment continue to be applied in the fourth quarter.

The secondary market may improve compared to Q3/2024, focusing mainly on products that have been handed over with complete legal documents and have convenient connectivity.

In terms of resort real estate, new supply continues to be absent as investors are more cautious in implementing sales; at the same time, market liquidity continues to face many difficulties and there are unlikely to be any breakthroughs in the short term. Primary prices remain stable and have not fluctuated much compared to the previous quarter. Policies to support interest rates, principal grace periods, and payment schedule extensions, etc. continue to be applied by many investors in the current difficult market context.

Source: https://baodautu.vn/batdongsan/nguon-cung-moi-phan-khuc-can-ho-o-da-nang-duoc-ky-vong-se-tang-d227595.html