FEBRUARY 2025 CENTRAL VIETNAM REAL ESTATE NEWS SUMMARY

1. FEBRUARY 2025 CENTRAL VIETNAM REAL ESTATE NEWS SUMMARY

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   1. Da Nang Real Estate Enters A New Phase.

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      In 2025, Da Nang’s real estate market is expected to maintain positive growth due to favorable policies, economic recovery, tourism, and infrastructure development.

      Which Segment is Leading the Market?

       

      In 2024, Da Nang’s real estate market showed signs of recovery with major projects resuming and an increase in transactions. According to Vo Hong Thang, Deputy CEO of DKRA Group, the market experienced both challenges and opportunities. The highlight was the apartment segment, with over 3,200 new units launched in the first 11 months—3.8 times higher than in 2023. Sales reached 2,600 units, 4.7 times more than the previous year. This segment is expected to drive market growth in 2025 and beyond. 

       

      Nguyen Duc Lap, Director of the Real Estate Research Institute, noted that a special resolution passed by the National Assembly in 2024 helped resolve legal issues for over 1,300 projects, boosting confidence in the market. Land prices have risen 15-20%, while apartments, especially high-end units, have led the primary market.

       

      Looking ahead, the market will likely continue its upward trend, supported by new project launches. However, Lap cautioned that unchecked land price increases could slow growth if supply remains limited.

       

      Businesses Must Adapt to the New Era

      Despite optimism, challenges such as global economic fluctuations and credit pressures remain. Experts recommend that businesses focus on legally sound projects, restructure finances, seek foreign investment, and optimize operations through technology.

      Lap emphasized that real estate firms must innovate to stay competitive, as past profit-making strategies based on land price speculation are no longer viable. Businesses must understand customer needs, create unique value, and comply with regulations to sustain growth in the evolving market.

       

      Source: nhadautu.vn

    

2. The Most Livable City In Vietnam Is About To Have A Battery Factory Worth Nearly 200 Million USD.

According to Dau Tu newspaper, the Management Board of Da Nang High-Tech Park and Industrial Parks has awarded a decision approving the investment policy for the VINA III ICT Manufacturing Factory project of Dentium Co., Ltd., a 100% Korean-owned enterprise. The project has a total registered investment capital of 177 million USD (equivalent to more than 4,458 billion VND), with the goal of producing 280 fuel cells and 260 tons of artificial teeth/year.

This is the third project that Dentium Co., Ltd. has invested in Da Nang Hi-Tech Park, bringing the total investment capital of the business here to 257 million USD. VINA III ICT manufacturing factory is considered one of the key projects in Da Nang’s investment attraction plan for the period 2020-2025, under the Project “Overall development of Da Nang High-Tech Park until 2030”.

Source: nguoiquansat.vn

3. Proposal On 6-7% Interest For First Time Home Buyers.

1. The Ho Chi Minh City Real Estate Association (HoREA) has just sent a document to the Prime Minister and the Ministry of Construction, proposing a number of solutions to boost the real estate market.

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   HoREA recommends that the State Bank develop a credit incentive mechanism for young people (18-45 years old) to buy low-cost commercial houses for the first time. Accordingly, the preferential interest rate is from 6-7% per year, the loan is secured by the purchased property and the preferential interest rate period lasts from 10-15 years.

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   HoREA emphasized that this interest rate support policy can create a boost for the market, encourage businesses to restructure existing real estate projects, focusing on investing in the affordable commercial housing segment. At the same time, this contributes to restructuring the market in a safe, healthy and sustainable direction.

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   HoREA also believes that if a preferential interest rate of 6-7% per year is applied to home buyers, it will encourage businesses to restructure existing real estate projects, shift investment to the affordable commercial housing segment and, together with the “Program to develop at least 1 million social housing apartments in the 2021-2030 period”, will restructure the real estate market in a safe, healthy and sustainable manner.

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   Without change, there will be a generation that will never be able to own a home, and even renting a home will become difficult. This leads to young people being “afraid to get married and lazy to have children”. Vietnam needs to have policies to support housing for workers and address the gap between housing prices and people’s incomes.

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Source: cafebiz.vn

4. The Apartment Segment In Da Nang Is  One Of The Key Segments Leading The Market Recovery In 2025.

1. Mr. Vo Hong Thang, Deputy General Director of DKRA Group, said Da Nang’s market had a volatile year in 2024. The apartment segment stood out in Da Nang in 2024, with about 3,200 new apartments sold in the first 11 months. This number was 3.8 times higher than the same period in 2023, marking a significant milestone in the market. The consumption volume was positive, with over 2,600 apartments welcomed by the market, 4.7 times higher than 2023.

    

   Mr. Thang assessed that the Central region’s real estate market, particularly Da Nang’s apartment segment, has great growth potential. Mr. Nguyen Duc Lap, Director of Real Estate Research and Training Institute, noted land prices in Da Nang increased by 15-20%. There is clear positive liquidity, and the residential apartment segment leads the primary market with strong payment levels and absorption. The high-end apartment segment in Da Nang showed surprising absorption capacity, driving strong market performance in 2024.

    

   Looking at the real estate market in 2025, Mr. Lap said that the primary market is likely to maintain positive momentum based on good information about local planning and investment. Hopefully, the projects that have been removed from the recent National Assembly Resolution will soon be added to the market supply, creating a more bustling market.

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   “The apartment segment will maintain its growth momentum with the addition of supply from new projects. With the growth momentum in the secondary land segment as in the recent past, if there is no restraint on the price increase, the market will soon “stall” when prices are high and there is no additional primary supply,” Mr. Lap commented.

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Nobu Residences Danang project will be an important milestone in elevating the city, while also driving the strong development of the high-end real estate market in this area.

Source: toprealty.vn

5. Da Nang To Build 69-Story Tower, Set To Become Vietnam’s Second Tallest Skyscraper.

6. Da Nang Adds 1,000 Apartments For Sale To Foreigners.

The Department of Construction of Da Nang has approved two urban projects, allowing the sale of over 1,000 apartments to foreign buyers. These projects are Capital Square 2 by Mega Assets Co., Ltd. and Capital Square 3 by SIH Real Estate Co., Ltd., both located in An Hải Bắc Ward, Sơn Trà District.

According to the current Housing Law, foreign individuals and organizations can own up to 30% of the total apartments in a building designated for residential purposes, with a limit of 250 apartments per area equivalent to a ward’s population. For example, Capital Square 2 consists of more than 1,680 apartments, with a maximum of 502 available for foreigners, while Capital Square 3 offers 512 apartments out of over 1,700 for foreign ownership.

The Department of Construction emphasized that developers must provide full legal information about the projects to buyers before signing contracts. If the project is in an area that requires national defense and security clearance, contracts with foreign buyers must be canceled or terminated.

In late 2024, the Department approved the sale of over 1,700 apartments and homes in Da Nang to foreign buyers. The 2023 Housing Law allows foreigners to buy, lease-purchase, or receive apartments as gifts or inheritance in certain areas. Foreigners can extend their ownership for another 50 years, making the total possible duration up to 100 years in Vietnam.

Conclusion and Connection to Da Nang’s Real Estate Market

The approval of these projects highlights Da Nang’s growing appeal to international investors in its real estate market. The 2023 Housing Law’s new regulations, extending foreign ownership to 100 years, will likely stimulate further investment. Urban areas along the Han River and near the East Sea will see increased interest from foreign investors and buyers. This move supports Da Nang’s goal of attracting foreign capital, enhancing its status as a major tourist and expatriate destination. The real estate market in Da Nang could experience higher property prices, more urban development, and luxury projects.

Source: vnexpress.net

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