News. Back to the list

CVR – Danang Real Estate Report – H1/2023

Download Full Report in PDF





Topics covered in Da Nang Real Estate Market Report:


1. Vietnam’s Macro Backdrop (Da Nang Real Estate Market Report)


• Vietnam’s GDP Growth

Vietnam’s FDI Slows

Outlook for H2/2023


2. Danang Existing, Recently completed & Future supply Office


Da Nang office rental occupancy has remained strong at approximately 79% across all segments given lower pricing and minimal new supply. The strongest segment is continually Grade C office space with the highest total supply and occupancy rate of ~85%. Grade A and Grade B office space showed 7.3% and 0.32% increases in occupancy rates over H1/2023, but overall still fall short of Grade C average occupancy.


3. Da Nang Existing & Planning of new industrial zones


During the first half of 2023, Da Nang Industrial Zones attracted 77 projects with a total investment capital of USD 27.6 million. 64 of these projects were FDI projects accounting for USD 27.3 million (99% of total H1 investment). 

A continuing trend of China-plus-One manufacturers has brought RBF / RBW development to Vietnam in a frenzy over the last few years. Though the majority of the RBF / RBW investment has been focused in Northern and Southern Vietnam in areas like Binh Duong Bac Ninh, and Hai Phong, there are several upcoming RBF / RBW developments poised for the Central Region.


4. Danang Residential Condo Market Overview


Decreasing prices across all districts of Da Nang reflect the stagnancy of the market and the struggles of the financial and credit systems as investors prefer to term deposit accounts to real estate in 2023. Ongoing delays for issuance of pink books in Da Nang for completed projects also likely negatively weigh on secondary market pricing


5. Danang Land & Landed Homes


Pricing of land projects and landed homes has decreased on average by 10-20% from H1/2022 with limited transactions over the H1/2023 period.



    1. As always, CVR is at your service and happy to provide help anyways we can!


      Contact Us today to find the real estate investment in Da Nang which is right for You