DA NANG VILLA REALTY

According to reports from DKRA Group, Batdongsan.com.vn, and industry news sources such as Dau Tu Newspaper and Industry & Trade Magazine, Da Nang's real estate market in Q1/2025 has shown several signs of recovery, though there remains clear segmentation among property types.

1. Land Plot Segment

Supply:

In Q1/2025, a total of 978 land plots were launched across 16 projects, mainly located in Da Nang and nearby areas in Quang Nam.

This represents a slight 5% increase compared to the same period in 2024.
Source: DKRA Group - Q1/2025 Report

Absorption Rate:

Sales reached only about 9% of total supply, equivalent to around 90 plots.

This marks a 39% decline compared to Q1/2024.
Source: Dau Tu Newspaper, April 9, 2025

Pricing:

Primary market prices increased by 7% compared to the end of 2024.

Secondary market prices rose between 6% and 9%, depending on the area.
Source: DKRA Q1/2025

Notable Areas:

In northwestern districts such as Hoa Son, Hoa Lien, and Hoa Ninh, land prices increased by VND 100-150 million per plot compared to the previous quarter.
Source: tapchicongthuong.vn

2. Condominium Segment

Supply:

A total of 18 projects were launched, adding 1,244 units to the market.

This is a 19% increase year-over-year.
Source: DKRA Q1/2025, Dau Tu Newspaper

Absorption Rate:

25% of the supply was absorbed, equivalent to 306 units--2.9 times higher than Q1/2024.

Pricing:

Primary prices increased by 3%-6% after Lunar New Year.

Some mid-range projects in Ngu Hanh Son District recorded a 7%-12% increase in secondary prices.
Source: Dau Tu Newspaper, DKRA Consulting

3. Townhouse & Villa Segment

Supply:

11 projects delivered 759 units to the market, a slight 4% increase over Q1/2024.
Source: DKRA

Absorption Rate:

The absorption rate was just 9%, approximately 66 units--mainly in projects with fully completed legal status such as:

Green Island (Hai Chau District)

FPT City (Ngu Hanh Son District)

Pricing:

Primary prices remained stable.

Secondary market prices dropped by an average of 4%, especially for projects with delayed construction or unresolved legal issues.
Source: Dau Tu Newspaper, DKRA

4. Resort Real Estate Segment

Resort Villas:

Primary supply reached 232 units from 9 projects--a 1% decrease.

Absorption remained extremely low due to a lack of attractive guaranteed return policies.

Condotels:

670 condotel units were available, all remaining inventory from older projects.

Sales were nearly zero, representing a 99% drop from the previous quarter.

Prices remained unchanged at low levels due to poor market liquidity.
Source: DKRA, Dau Tu Newspaper

5. Outlook and Market Prospects

Despite weak demand in some segments, the market is showing signs of recovery--particularly in the condominium and suburban land plot segments.

Key growth drivers include:

Infrastructure development

Tourism recovery

Local economic growth

Inflow of FDI into high-tech industrial zones

Da Nang continues to be a promising market thanks to its high urbanization rate and long-term sustainable development orientation toward 2030.

Apartment Segment

Supply:
There was a 19% increase year-over-year, with 18 projects launched, providing approximately 1,244 units--mainly concentrated in Da Nang.

Sales Performance:
The absorption rate reached approximately 25% of the total primary supply, equivalent to 306 units--2.9 times higher than the same period last year.

Pricing:
Primary prices increased by 3%-6% compared to the pre-Tet period. In the secondary market, prices rose 7%-12% for some mid-range projects in Ngu Hanh Son District.

Land Plot Segment

Supply:
There were 16 primary market projects launched, offering around 978 plots--an increase of 5% year-over-year. Da Nang and Quang Nam accounted for 100% of the total primary supply this quarter.

Demand:
Sales volume decreased by approximately 39% compared to Q1/2024, with absorption reaching only 9% of the total primary supply.

Pricing:
Primary prices increased by an average of 7% compared to the end of 2024. Secondary prices rose by 6%-9%.

Notable Areas:
Significant price increases were recorded in northwestern Da Nang areas such as Hoa Son, Hoa Ninh, and Hoa Lien, where resettlement land prices rose by VND 100-150 million per plot.

Townhouse/Villa Segment

Supply:
Approximately 759 units were supplied across 11 projects, marking a 4% year-over-year increase--though still lower than pre-2019 levels.

Sales Performance:
The absorption rate reached 9% (about 66 units), a 40% increase compared to the same period last year. Transactions mainly occurred in large-scale projects with fully completed legal documentation.

Pricing:
Primary prices remained stable. The secondary market experienced an average decline of 4%, especially in older projects with slow construction progress or unresolved legal issues.

Resort Real Estate Segment

Resort Villas:
Primary supply declined by 1% year-over-year, with 232 units launched from 9 projects. Demand remained low, while primary prices were unchanged and remained at high levels.

Condotels:
Primary supply in Q1/2025 decreased slightly by 1% compared to the same period last year, with 670 units offered across 9 projects. All supply came from unsold inventory of older developments. Demand was extremely low, with sales dropping over 99% quarter-over-quarter. Primary prices remained mostly flat and continued to follow a sideways trend.

Trends and Outlook

Positive Recovery:
Da Nang's real estate market in Q1/2025 has shown strong recovery signals, presenting many new opportunities for investors.

Growth Drivers:
Synchronized development in infrastructure, tourism, and investment inflows are propelling Da Nang into a key spotlight on the national real estate map.

Apartment Projects Open for Sale in Da Nang - May 2025

1. Sun Costa Residence

Location: Intersection of Ho Nghinh and Vuong Thua Vu Streets, Phuoc My Ward, Son Tra District

Developer: Sun Group

Scale: 2 towers, 25 floors each, totaling 640 condotel units

Starting Price: From VND 2.2 billion per unit (approximately VND 65 million/m²)

Key Amenities: Swimming pool, gym, spa, shopping center, close to My Khe Beach

Legal Status: Limited ownership duration

Construction Start: Q2/2025

Sales Status: Now accepting bookings with a deposit starting from VND 50 million per unit

2. The Vista Residence

Location: Nguyen Tat Thanh Street, Lien Chieu District

Developer: Not yet announced

Timeline: Expected to top out in May 2025, with handover in Q4/2025

Sales Policies:

Loan support up to 70% of apartment value

0% interest rate for the first 12 months

Estimated rental income: VND 14-26 million/month

Buyers have a chance to win a VF3 electric car worth VND 322 million and other prizes through a lucky draw

3. TTC Plaza AEON MALL

Location: Dien Bien Phu Street, Thanh Khe District

Developer: Phat Dat Corporation

Scale: 126 serviced apartments

Price: Under VND 3 billion per unit

Key Feature: AEON will lease 4 commercial floors, offering high profit potential

4. The Ori Garden - Seaview Tower

Location: The Ori Garden Urban Area, Lien Chieu District

Developer: Saigon - Da Nang Investment Joint Stock Company (SDN)

Starting Price: From VND 1.2 billion per unit

Highlights: Modern design, suitable for end-users or buy-to-let investors

5. Sun Solar Residence

Location: Central Da Nang City

Developer: Sun Group

Scale: Not yet announced

Key Features: Modern architecture, premium facilities, long-term investment potential