Danang Real Estate: Infrastructure Reaches New Heights, Tourism Leads Growth
Strategically located, Danang plays a pivotal role as a central urban hub, a commercial center, and a driving force for development in Central Vietnam. It serves as the endpoint of the East-West Economic Corridor, connecting Laos, Myanmar, Thailand, and Vietnam. The city is also a gateway for trade and transportation, linking provinces within the region and beyond. This geographic advantage has transformed Danang into the most dynamic economic center and a socio-economic leader in the Central and Central Highlands regions.
In addition to its strategic position, Danang boasts significant potential for tourism and leisure. With a coastline stretching nearly 92km and boasting breathtaking beaches, Danang is nature’s gift as one of the leading tourist destinations in the region. My Khe Beach, once hailed by Forbes magazine as one of the six most attractive beaches on the planet, along with numerous other fascinating attractions, has contributed to the city’s strong allure. Moreover, Danang occupies a strategic location between three UNESCO World Cultural Heritage sites: the ancient capital of Hue, the ancient town of Hoi An, and My Son Sanctuary, making it the tourism epicenter of Central Vietnam.
Notable infrastructure projects currently underway in Danang include the North-South high-speed railway, expected to commence construction in 2027 and complete in 2025; the Lien Chieu super seaport, spanning 450 hectares with a capacity of 46 million tons of cargo per year, envisioned to become an international logistics hub and a prominent Southeast Asian port, anticipated to be finished by November 2025; and the expansion of Danang International Airport, increasing its capacity from 14 million passengers per year to 16 million (by 2028) and 30 million (by 2045)… These developments will propel Danang’s economy to new heights.
Transport infrastructure is the driving force behind Danang’s economic growth.
With aspirations to establish Danang as an eco-city, a modern and intelligent urban center, a livable city, and the most dynamic economic hub in Central Vietnam, the city has been granted special mechanisms to establish a Free Trade Zone (FTZ) on a pilot basis. This FTZ will encompass 1,000-1,500 hectares and comprise three main functional areas: production, logistics, and commercial services. Directly connected to the Lien Chieu port, the Danang FTZ will not only attract substantial FDI but also exert a pull on high-quality labor. Additionally, Danang has been approved to develop a regional financial center, particularly when coupled with the FTZ, positioning the city as the investment, trade, financial, and technological gateway of the nation and the region.
The official operation of Danang Software Park 2 in early 2025 marked a significant step forward in completing the city’s technological infrastructure. This move not only boosts the information technology, semiconductor, and artificial intelligence industries but also presents opportunities to attract 6,000 high-quality personnel, encompassing experts, researchers, and senior executives.
As infrastructure advances and the economy flourishes, the demand for real estate intensifies. The positive signals from strategic planning are propelling Danang’s real estate market to reclaim its rightful position and embark on a new cycle of sustainable growth. Consequently, Danang’s real estate values are projected to surge exponentially, offering dual returns through price appreciation and lucrative rental yields, thereby generating substantial profits for investors.
SAM Towers – A Riverfront Project, Riding the Wave of Growth
Amidst Danang’s development epicenter, real estate projects in the vicinity of the city’s pivotal undertakings stand to reap benefits. Among the high-rise developments near Danang Software Park 2, SAM Towers stands out as a prestigious riverfront residential tower.
SAM Towers – just a 9-minute drive from Danang Software Park 2
Occupying a prime location on Nhu Nguyet Street, a mere 9-minute drive from Danang Software Park 2, SAM Towers offers luxurious apartments with transparent legal status, immediate occupancy, and professional property management services. The project captivates with its panoramic views, showcasing the poetic and majestic landscapes that define the “wonders of Danang”: Mount Son Tra, Ha River, Danang Bay, and Ha Khe and My Khe beaches. The iconic Thuan Phuoc Bridge, a symbol of architectural brilliance connecting the river’s shores, is also within sight. Additionally, from their balconies, SAM Towers residents can witness the pinnacle of fireworks displays during the Danang International Fireworks Festival, a renowned cultural event that attracts millions of domestic and international visitors to Danang annually.
SAM Towers is enveloped by Danang’s natural wonders, offering breathtaking views.
Beyond its appeal to investors due to the potential for substantial returns, SAM Towers also benefits from the rental demand generated by the need for high-end accommodations for the Software Park’s elite professionals, ensuring stable monthly incomes ranging from 20 to 30 million VND.
SAM Towers is not just a symbol of prestigious living but also one of the few riverfront projects in Danang that offers permanent ownership, opening up opportunities for both domestic and foreign customers and investors. The developer is expediting the process to deliver the first batch of pink books (land-use right certificates) to customers in early April 2025, coinciding with the grand celebration of Danang’s 50th liberation anniversary (March 27 – 31, 2025) and the 50th anniversary of the liberation of South Vietnam and national reunification (April 30, 2025). This news brings joy to customers and stands as the ultimate testament to the project’s solid legal commitment and enduring value. Acquiring SAM Towers today means possessing a generational asset, cementing one’s status, and creating a legacy for future generations.
Riding the Real Estate Boom in 2024
The year 2024 witnessed a significant shift in the behavior of real estate buyers. While owner-occupiers remain the dominant trend, their proportion has decreased notably, making way for a surge in property investors. Strikingly, the number of property speculators has soared to 9.1%, a remarkable increase from the mere 1.5% in the previous year.
What Investors Seek in the Danang Vacation Property Segment
As we move into the final quarter of 2024, Danang’s tourism industry boasts impressive figures in terms of visitor numbers and revenue. The local vacation real estate market is also fueling investors’ expectations of a new cycle of growth.
The Great Apartment Price ‘Dance’: When Listings Leap to Premium Prices
In a market fraught with scarcity, brokers are continuously raising prices for apartments at a dizzying pace. Some real estate agents are allegedly taking advantage of the situation, demanding prices for apartments that are 500 million VND to 1 billion VND higher, just weeks after they were first advertised.
The Danang Property Market: A Surprise Surge in Transactions, Up by 60%
The latest market report for August 2024 by DKRA Consulting reveals an 8% month-on-month increase in the supply of primary apartments, with a primary focus on Da Nang. Notably, primary consumption rose by 59% compared to the previous month.
“Is Hanoi’s Real Estate Market on Fire? Are Investors Being Taken for a Ride?”
In recent years, Hanoi’s real estate market has witnessed an unprecedented surge in prices, with auction prices for land in outlying districts and apartments in suburban areas reaching a staggering 100 million VND per square meter. As the spiral of price increases continues, many investors are now seeking an exit strategy.
