Not only has land value surged following the merger, but numerous apartment complexes in Da Nang have also seen staggering price hikes, particularly in Cam Le and Son Tra districts.
Phong Bac Apartment Complex (Cam Le District) has attracted a surge of buyers since Da Nang’s merger. Photo: Thanh Hien.
|
Ms. Thanh Huong, a resident of Phong Bac Apartment Complex (Cam Le District), shared that in recent months, her complex has seen a significant influx of prospective buyers. Many are former residents of Quang Nam Province relocating to Da Nang for work and life.
“Just two months ago, a 52 sqm unit was priced around VND 1.5 billion, but now it’s listed above VND 1.7 billion. A 63 sqm unit is now nearing VND 2 billion. Despite the rapid price increases, every unit listed is quickly snapped up. Friends have asked me to keep an eye out for them, but there’s nothing available,” she said.
This complex, located approximately 10 km from the city’s administrative center, offers convenient access via riverside roads. Nestled among the buildings is a sprawling, breezy park. The surrounding community is peaceful and civilized, making it a sought-after location. Units in buildings CT01, CT02, and CT03 are often sold out.
Ms. N.X., a local real estate agent, mentioned that she scours the market daily, even hourly, but availability is scarce. Some units are reserved within hours of being listed. “Previously, selling an apartment was challenging, with negotiations sometimes dragging on for months. Now, buyers decide swiftly, fearing further price increases. Some even break their deposits to secure higher offers,” she explained.
The spacious, clean park between the apartment buildings is a major draw for prospective residents.
|
Apartments in Son Tra District have also seen dramatic price increases. Ms. Minh Trang, a resident of 12T2 Apartment Complex, noted a recent surge in real estate agents showing units. Prices here now hover around VND 2 billion. Given the complex’s proximity to both the beach and the city center, she finds this pricing reasonable amid the current red-hot real estate market. She added, “Earlier this year, I never imagined my apartment would reach VND 2 billion, yet now buyers are struggling to find available units.”
On social media and real estate platforms, apartments priced around VND 2 billion are trending. Nguyen Quang, a real estate agent, noted that the immediate housing demand from newcomers to Da Nang is driving rapid sales. Most of his clients are workers, civil servants, and officials with limited budgets, seeking mid-range or older apartments.
Mr. Xuan Hoang and his wife, from Nong Son District, relocated to Da Nang for work. With their savings, they sought an apartment to settle down. Two months ago, they found a unit in Cam Le District priced at VND 1.5 billion. Hesitating due to the cost, they explored other options. However, any location meeting their criteria—within 10 km of the administrative center, breezy, and civilized—was similarly priced or higher. “Our hesitation cost us hundreds of millions as prices soared. Now, we’re determined to buy before prices rise further, but finding a unit remains challenging. Once, we arrived for a viewing only to learn the seller had accepted a higher offer,” he lamented.
Apartments in Son Tra District are priced around VND 2 billion.
|
Da Nang is currently developing numerous commercial apartment projects, but prices are exorbitant, averaging VND 70 million per square meter. These rates are out of reach for most workers and civil servants.
Thanh Hien
– 10:50 21/09/2025
Exposing a Massive Fraud Ring: Uncovering a Multi-Billion Dollar Loan Scheme with Exorbitant Interest Rates
Customers who borrowed money from Dang Thi Hoai at high interest rates included Le Thi Thu, an individual previously arrested for “Fraudulent Appropriation of Property.”
Da Nang Condo Prices Skyrocket in Volatile Market Surge
“With apartment prices soaring daily and limited availability, I’ve been searching for months but still haven’t found a suitable option. In the 2 billion VND range, it’s truly a challenge to secure a good deal,” shared 35-year-old Xuan Hoang.
Rare Fluctuations in the VND/USD Exchange Rate
Last year, the Vietnamese Dong (VND) depreciated by approximately 5%, according to economist Can Van Luc. This year, the US Dollar (USD) has weakened by around 10%, while the VND has further declined by 3.4%. Such a rare phenomenon highlights the complex dynamics between these two currencies.
Da Nang’s New Chairman Inspects Chu Lai Airport, Collaborates with THACO
Da Nang City People’s Committee Chairman Pham Duc An has pledged to create the most favorable conditions for THACO and other businesses to achieve sustainable growth.
Exclusive Alert for Homebuyers in Vingroup, FLC, Bitexco, Sunshine, and More: Critical Information for Hanoi Residents
Several projects from major developers have also made their mark on the recently announced list of eligible businesses.
