According to a report by DKRA Consulting on Da Nang’s real estate market in October 2025, the primary supply of land plots decreased by 7% compared to the same period in 2024. Notably, approximately 95% of this supply originated from previously launched projects.
The market experienced a scarcity of new project launches during the month, with new offerings accounting for only 5% of the primary supply, marking an 87% decline from the previous month.
Remarkably, overall market demand surged 2.1 times compared to October 2024. However, absorption rates remained low, reaching just 3% of the total primary supply.
Primary market prices remained relatively stable compared to the previous quarter, with an average increase of 21% year-over-year. This growth was concentrated in projects with completed infrastructure, legal compliance, and developed by reputable investors.
In the secondary market, prices rose by approximately 2% month-over-month. Projects with completed legal documentation, located in urban complexes with diverse amenities and convenient connectivity, drove this growth.
The apartment segment showed greater vitality, with primary supply increasing by 69% year-over-year and new supply reaching 2.7 times the previous year’s level.
Market liquidity continued to improve, with absorption rates increasing 1.2 times compared to the same period last year. Transactions were predominantly concentrated in newly launched projects, accounting for 68% of primary sales. Hoa Xuan and Ngu Hanh Son wards remained market leaders, contributing 65% to the total primary supply.
Supply structure was imbalanced across segments, with luxury and Class A apartments representing 82% of the total primary supply.
Primary selling prices remained stable, with minor adjustments of 3-5% in some projects based on sales progress. In the secondary market, prices were largely unchanged from the previous month, with projects in central and coastal areas maintaining strong prices due to stable exploitation potential and high liquidity.
Recently, Mr. Pham Duc An, Chairman of Da Nang City People’s Committee, announced that Da Nang is attracting several large-scale private investment projects, including: the Lien Chieu container port with a total investment of VND 44 trillion; an entertainment and resort complex valued at VND 80 trillion; and a Da Nang bay reclamation project worth VND 366 trillion.
According to Mr. An, the bay reclamation project is a significant initiative endorsed by the Party, State, and Da Nang City leaders after thorough discussions. He cited Dubai as an example, noting that despite ample land, Dubai continues to reclaim land from the sea. This combination of land, water, and hills creates an exceptionally attractive environment for international investors.
In April 2025, the Da Nang City People’s Council approved the inclusion of the Da Nang bay reclamation project in the 2025 public investment plan.
The project is planned to cover approximately 1,428 hectares, featuring five large islands modeled after Dubai’s famous Palm Islands.
Two islands will be developed for international tourism, one for a free trade and innovation zone, one as an international financial center, and one for modern entertainment activities, aligning with the vision of a multifunctional coastal urban development.
With an investment of VND 366 trillion (USD 14 billion), this project surpasses Vingroup’s Can Gio sea reclamation project (VND 256 trillion) in scale.
Da Nang City leaders also mentioned upcoming projects in neighboring areas to expand development southward, such as the expansion of Chu Lai Airport (over VND 260 trillion) and the Da Nang – Chu Lai urban railway (approximately VND 50 trillion). These projects are expected to strengthen connectivity between Da Nang and Quang Nam, fostering an integrated urban-industrial-service corridor.
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