DANANG REAL ESTATE MARKET REPORT BY CVR
1. Vietnam’s Macro backdrop
• Vietnam GDP Growth
• Vietnam’s FDI Rises
• Concerns for H2/2022
2. Danang Existing & Future Office Buildings
There were no new office buildings completed in H1/2022. Market pricing remained relatively stable while occupancies decreased across all segments due to financial hardships of the last few years and limited office expansions by the existing tenant
3. Da Nang Existing & Planning of new industrial zones
As the land fund of industrial zones in Da Nang city faces scarcity with 86% of the industrial land accounted for, the expansion of industrial land area within Da Nang’s jurisdiction is a major focal point of market expansion. The city is planning 04 industrial zones including Hoa Cam – phase 2 (120 ha), Hoa Ninh (400 ha), Hoa Nhon (360 ha), and Hi-Tech Park Support Industrial Park (102 ha).
4. Danang Residential Condo Market Overview
Overall increasing prices reflect the rising optimism of the real estate market and tourism in Da Nang as COVID-19 measures were lifted and both domestic and international tourism is at the beginning stages of revival.
5. Danang Land & Landed Homes
The residential land, townhouse, and villa market continued to show strong supply growth in H1/2022 with nearly 173 hectares coming online in 2022. The vacant land supply dominated the market with a total of 144.4 hectares or nearly 84% of the total supply. Landed villas accounted for 15% of the market with 26 hectares and townhouses made up less than 1.5% of the market with 2.5 hectares.
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