Quarter I: How is the land and apartment segment in Da Nang performing?

Demand for land segment remains low

Regarding the land segment, in the first quarter of 2025, DKRA recorded 16 primary projects introduced to the market with a supply of about 978 plots, a slight increase of 5% compared to the same period in 2024. Of which, Da Nang and Quang Nam led the market by accounting for 100% of the total primary supply in the quarter. New supply remains scarce and shows no signs of recovery in the short term.

Demand for land plots in the Da Nang market and surrounding areas in the first quarter of 2025 remains low.

According to DKRA, in this segment, market demand remains low, with consumption decreasing by nearly 40% compared to the first quarter of 2024, equivalent to only 9% of the primary supply ratio. The primary price level recorded an average increase of 7% compared to the end of 2024, while the secondary price market achieved a common increase of 6% - 9% compared to the fourth quarter of 2024.

DKRA forecasts that new supply of land plots in the second quarter of 2025 will continue to be scarce, with about 80-120 new products being launched. The two localities of Quang Nam and Da Nang account for the majority of supply in the region, while Hue City alone will remain scarce in new supply.

The overall market demand may recover slightly, but there will not be many sudden changes in the short term. The primary price level continues to be high due to the impact of input costs. The secondary market maintains the recovery momentum of the first 3 months of the year, with products belonging to urban complexes, legal completion, and diverse utilities... being the main source of market liquidity.

Apartment segment continues to recover

The apartment segment in the first quarter of 2025 recorded a primary supply increase of nearly 20% compared to the same period last year but only equal to 50% of the fourth quarter of 2024, with 18 projects launched for sale, supplying the market with nearly 1,230 apartments, mainly concentrated in Da Nang. In particular, Hue City and Quang Nam continue to have a shortage of new projects for sale.

The absorption rate reached about 25% of the total primary supply, equivalent to 306 units and nearly 3 times higher than the same period. Most of the transactions came from projects that were launched for sale at the end of 2024. The primary selling price level recorded a common increase ranging from 3% - 6% compared to before Tet. The secondary market continued to recover, with mid-range projects in Ngu Hanh Son district recording an increase of 7% - 12% compared to the end of 2024.

According to DKRA's forecast, in the apartment segment, new supply in the second quarter of 2025 will increase slightly compared to the first quarter of 2025, fluctuating around 800 - 1,500 units, concentrated in Da Nang. The class A apartment segment continues to account for a large proportion of the new supply structure brought to the market, concentrated in Hai Chau, Son Tra and Ngu Hanh Son districts.

Overall market demand continues to recover but may be somewhat affected by the tariff negotiations with the US and the merger of localities in the coming time. Primary and secondary liquidity are expected to continue to maintain a stable growth trend but there are unlikely to be any breakthroughs in the short term.

Hai Chau

Source: https://doanhnghiepvn.vn/kinh-te/quy-i-phan-khuc-dat-nen-can-ho-tai-da-nang-dien-bien-ra-sao/20250417072822696