The primary and new land supply in Q2 witnessed significant improvements, with a 27% and 7.3-fold increase, respectively, compared to the previous quarter. Quang Nam continued to lead in primary supply and consumption in the region, accounting for 80% and 86%, respectively. Da Nang followed closely behind.
Despite the high supply, demand did not increase proportionally. The demand in the Da Nang market and its vicinity remained low, with consumption equivalent to only 8% of the total primary supply, a decrease of about 41% compared to Q1/2024.
The primary land price in Da Nang reached a high of VND 126.4 million/sq.m and a low of VND 33.2 million/sq.m. In contrast, Quang Nam’s prices ranged from nearly VND 30 million/sq.m (highest) to VND 10.6 million/sq.m (lowest). Market transactions mainly occurred in the group of products with completed infrastructure and legal status, developed by reputable investors in the market.
Compared to the beginning of the year, the primary land price remained stable. Developers continued to offer discounts, incentives, and bank support to improve liquidity.
Director of Danang Police Office tells the story of dismantling a loan-sharking ring worth VND 9,000 billion
On January 31st, Major General Vu Xuan Vien, Director of the Danang City Police Department, shared some information about the process of dismantling a large-scale loan-sharking ring worth 9,000 billion Vietnamese dong, led by a foreign national.
Danang demolishes “waiting-to-collapse” apartment buildings
Three apartment complexes that were allocated for rent by the Da Nang City Hall since 2001 are now severely deteriorated and in need of relocation.
Big 4 Real Estate Giant Selling Prime Land Lots in Beautiful Da Nang City on the Eve of Tet Holiday
A series of prime real estate properties situated on major roads in the cities of Danang and Quang Nam are being auctioned off by Agribank to recover outstanding debts. These land plots are owned by real estate tycoons.
Deawon Real Estate Joint Venture – Secures Prime A9 Vo Van Kiet Land in Da Nang for over 147 Million VND/m2
The Danang City People’s Committee has announced its decision to recognize the auction result for the land use rights of parcel A9 located on Vo Van Kiet street, An Hai Dong ward, Son Tra district.
Sun Cosmo Residence Da Nang Shines Bright with Luxury Offerings
As the most impressive project in the Da Nang real estate market in 2023, the high-end riverside real estate complex – Sun Cosmo Residence Da Nang continues to heat up with the unveiling of a unique product line with limited quantities for the elite class.
