Danang’s Real Estate Opportunities
In 2024, Danang’s economic scale expanded to over VND 17,000 billion, with tourism booming at 10.9 million visitors. The city also ranked in the Top 10 for nightlife and Top 25 on Tripadvisor, solidifying its appeal as a leading Asian destination for events and festivals. The city aims for a growth rate of over 10% in 2025.
A “historic” opportunity arises as Danang merges with Quang Nam, forming an economic metropolis spanning 11,867 km² – the largest among the six centrally-governed cities with a population of over 3 million. The expanded economic zone covers major industrial parks, connecting seaports, border gates, and potentially a free trade area linked to Lien Chieu Port.
Danang’s tourism is regaining momentum. Photo by Minh Anh
Danang will also be the first locality in Vietnam with two international airports, along with a “heritage route” featuring famous destinations such as Hoi An, My Son, and My Khe beach, forming a logistics-tourism-trade “golden triangle” worth billions of dollars.
It can be said that post-merger, Danang possesses all the elements to become a smart, creative, and sustainable city, with aspirations to be the region’s and continent’s financial, high-tech, logistics, and premium tourism hub.
Receiving these positive signals, Danang’s real estate market has witnessed vibrant developments, especially in apartment products. In 2024, both supply and liquidity boomed, with 4,300 primary apartments. 70% of these were Grade A, achieving a 76% absorption rate, nearly five times higher than the previous year.
In the first quarter of 2024, primary apartment prices in Danang and its vicinity continued to increase by 3-6% compared to pre-Tet levels. The secondary market also saw a rise of 7-12% compared to the end of 2024.
Thus, experts, businesses, and investors are optimistic about the market’s future. “Danang’s economy, tourism, and services have a very bright path ahead. The trend of relocating to new, dynamic, and high-quality-of-life cities like Danang will increase. In other words, Danang’s real estate is poised for a breakthrough,” said Ho Ngoc Tung, Deputy General Director of Sky Realty.
The Profit-Generating Key of Sun Costa Residence
Carefully analyzing the context and opportunities in Danang’s economy, tourism, and real estate, Sun Property, Vietnam’s leading developer of premium tourism-oriented real estate, has pioneered the introduction of a cash flow-oriented real estate type with the Sun Costa Residence project. This type is believed to offer attractive profitability, providing stable passive income through rental exploitation and value appreciation over time for owners.
Sun Costa Residence is near the beach and located among bustling tourist streets. Illustrated photo by Sun Property
Strategically located just 200 meters from My Khe Beach, Sun Costa Residence boasts a prime location in the heart of Danang’s tourism center. The project is surrounded by popular Western and Korean streets, and just a few minutes’ drive from the Danang International Fireworks Festival venue. Residents can easily access the riverfront service and administrative area, the entertainment district of Da Nang Downtown, and Son Tra Peninsula. Once the Han River bridge is completed, the airport and all city destinations will be just minutes away.
To optimize these valuable advantages, Sun Property has tailored Sun Costa Residence as a premium project with diverse amenities and superior investment yields.
Consequently, Sun Costa Residence offers 60% of its units as multi-functional studio apartments, suitable for both second homes and Airbnb or homestay businesses. The moderate investment quantum, coupled with high liquidity due to its central tourist location, enables investors to quickly recoup their capital through rentals or transfers.
Sun Costa Residence apartments offer direct sea views of My Khe Beach. Illustrated photo by Sun Property
Additionally, the apartments are delivered fully furnished, meeting the “ready-to-use” standard. Investors can immediately commence operations without setup time or costs, a significant advantage in a market demanding speed and capital efficiency.
Another prominent feature of Sun Costa Residence is its integrated commercial and service block, offering diverse business opportunities from shops and cafes to tourism services and office rentals. This not only enhances the complex’s commercial value but also indirectly provides additional attractive amenities and services for residents, attracting a steady stream of tourists. The project also includes premium facilities like a four-season swimming pool, gym, kids’ club, BBQ area, and spa, all conveniently located within the complex for residents and guests to enjoy.
After the successful launch of premium riverside projects in 2024, Sun Costa Residence is Sun Property’s next ace, meticulously crafted to combine the advantages of a dynamic city with a thriving tourism and services sector like Danang.
“We believe that in the context of Danang’s robust growth, cash flow-oriented, highly liquid real estate like Sun Costa Residence is the golden key to unlocking sustainable profitability for investors,” emphasized the representative of Sun Property.
The Great Southern Migration: Why Hanoi’s Elite are Flocking to the South’s Property Market
“A noticeable trend has emerged in early 2025, with Hanoi-based investors making a significant shift towards the southern real estate market. This movement reflects the dynamic nature of Vietnam’s real estate landscape, indicating a potential shift in the country’s property investment trends.”
‘Cutting’ the Price Fever: Hanoi’s Apartment Market Stabilizes
The residential property market in Hanoi and Ho Chi Minh City has witnessed a slowdown in price growth, no longer surging at the same rate as in 2024. This insight is according to the Ministry of Construction’s report on housing and the real estate market for the first quarter of 2025.
“Land in Da Nang, Quang Nam is experiencing a new shift, with prices on the rise again.”
The secondary land prices in Da Nang and Quang Nam slightly increased by 2% in April 2025 compared to the previous month, according to DKRA.
Elevate Your Lifestyle and Investments with a Luxurious 2-Bedroom Apartment in the Heart of Danang
In today’s market, where customers prioritize value and flexible living, a well-designed 2-bedroom apartment offers the perfect solution. With its intelligent layout, optimized space, and versatile functionality, it caters to the needs of young families, successful singles, and savvy investors alike. This living space provides an ideal blend of comfort, practicality, and potential for stable returns, making it a sought-after choice for those seeking a dynamic and rewarding lifestyle.
Why Are Ho Chi Minh City’s Eastern District Apartments So Popular Despite Rising Prices?
The scarcity of supply, coupled with well-developed infrastructure, are key factors driving the appeal of the eastern district of Ho Chi Minh City’s apartment sector. Despite double-digit price increases in recent years, demand remains robust.
