On June 29, the People’s Committee of Da Nang announced a decision to adjust and supplement land prices in the area. This is the second time the land prices have been adjusted this year.
Bach Dang Street along the Han River is priced from VND 177 million to nearly VND 341 million per square meter. Photo: Thanh Hien.
More than 2,600 routes in the area experienced significant land price fluctuations. The most expensive location is Bach Dang Street along the Han River, from Le Duan to Nguyen Van Linh, with prices reaching nearly VND 341 million per square meter. According to the old land price framework applied from January 1, 2025, this street was priced at over VND 286 million per square meter.
Many other routes also witnessed sky-high prices after the adjustment, such as Vo Nguyen Giap Street, from Pham Van Dong to Vo Van Kiet, with prices reaching nearly VND 280 million per square meter; Nguyen Van Linh Street, from Bach Dang to Phan Thanh, with prices of over VND 242 million per square meter; and Vo Van Kiet Street, with prices of nearly VND 228 million per square meter.
In this adjustment, Ngu Hanh Son District had the highest rate of increase, with urban area roads rising by 172% and unnamed roads in residential areas increasing by 157%.
Vo Nguyen Giap Street, from Pham Van Dong to Vo Van Kiet, is priced at nearly VND 280 million per square meter. Photo: Thanh Hien.
Hoa Vang District also saw a 170% increase in rural residential land prices and a 160% increase for unnamed roads in residential areas. The remaining localities had an average increase ranging from 125% to 156%.
This decision on price adjustment will take effect from July 7. According to the People’s Committee of Da Nang, the adjustment of the land price framework aims to ensure that land prices are in line with market values and to reduce state budget losses in land-related revenues.
