“Danang Land Sets a New Price Benchmark”

According to Batdongsan.com.vn, the Danang land market is one of the few land markets in Central Vietnam that has made significant price leaps in the past. A series of major boosts such as provincial mergers, infrastructure investment and development, tourism recovery, and a slew of new projects have become the driving forces for Danang real estate in general and land in particular.

It is observed that the Danang land market started to prosper from the beginning of 2025 and has continued to the present. One of the typical hot spots of Danang land is the coastal strip extending from Son Tra – My Khe – Ngu Hanh Son – Hoi An to Chu Lai.

For example, in Son Tra ward, land plots located about 200-300mm from My Khe beach have seen a 20% increase in price compared to last year. From an average of VND 70-75 million/m2, it has now reached VND 85-97 million/m2. Land on Vo Nguyen Giap street, adjacent to the beach and close to large projects under construction, is offered for sale at VND 220-260 million/m2, a 30% increase compared to the same period last year, according to a survey by Batdongsan.com.

Also located on Vo Nguyen Giap street, but in less desirable locations, the asking price ranges from VND 120-150 million/m2, still a 20-30% increase compared to a year ago.

In An Hai ward, Nguyen Chinh street, land prices have increased from VND 80-85 million/m2 to VND 120-125 million/m2 in the past year. Land on Nguyen Duc An street has also seen a rise in price, from VND 95-105 million/m2 to around VND 120-130 million/m2. In Ngu Hanh Son ward, land on Che Lan Vien street has increased from over VND 90 million/m2 to VND 115-120 million/m2.

In addition to these expensive locations, there have also been notable price jumps in the lower-priced segment of Danang land. For instance, land in Hoa Xuan increased from VND 42-44 million/m2 to VND 45-48 million/m2. Some attractive plots even reached VND 55-60 million/m2. In Ngu Hanh Son ward, land on Bat Nan Cong Chu street, near FPT City, increased from VND 32-36 million/m2 to VND 35-39 million/m2. Land on Nguyen Thuc Duong street, near the Dong Hai resettlement area, also saw a rise in price from VND 50-53 million/m2 to VND 53-56 million/m2. Similar increases were also recorded in Le Van Huu, Hoa Hai, My An, and other areas.

Mr. Nguyen Quoc Anh, Deputy General Director of Batdongsan.com.vn, shared that the coordination between the seaport, airport, and open economic zone, along with the vision to become an “international twin city,” has made the Danang area stand out, meeting all the criteria for both marine economy and tourism services.

Commenting on the Danang market, Ms. Duong Thuy Dung, Executive Director of Research at CBRE Group, said that the market continues to show positive prospects, strongly driven by economic recovery, foreign investment attraction, and the boom in the tourism industry. Additionally, the merger of Quang Nam and Danang provinces since July 2025 has expanded the development space, increased the population and land fund, and created more opportunities for strategic investors.

“These factors create a solid foundation for the Danang real estate market to maintain stable growth, attract investment capital, and diversify the supply of products in the coming quarters, contributing to consolidating Danang’s position as a dynamic and sustainable real estate development center in Central Vietnam,” Ms. Dung assessed.