Unexpected shophouses in Da Nang's prime land coordinates are being advertised for sale at a loss, hanging signs for rent

Thu Giang |

Da Nang - A row of shophouses at the foot of Tran Thi Ly Bridge have been continuously advertised for sale and hung up signs for rent at expensive prices.

According to Lao Dong reporter on September 5, a row of shophouses at the foot of Tran Thi Ly bridge are being rented at expensive prices of tens of millions of VND/month.

contacting the rental unit, Ms. Nguyen Thanh Thao (character's name has been changed, with phone number 0943457xxx) - said that the rental price of a raw shophouse here is around 40 million VND/month.

"My shophouse is being rented for 40 million VND/month, the floor area of each floor is 100m2/room, the house has 6 floors, 600m2. I rent out the whole house, not apart" - Ms. Thao said.

Not only hanging up the rental sign, information about selling at a loss of billions of dong for a shophouse at the foot of Tran Thi Ly Bridge is also continuously posted.

Accordingly, a shophouse at the foot of Tran Thi Ly bridge is being advertised for sale by the owner at a loss of 1 billion VND. The price of this shophouse is 22 billion VND, with an area of 110m2, equivalent to about 200 million VND/m2.

Notably, the location of this shophouse is about 100m from the Han River, 1.5km from the Dragon Bridge, about 5 minutes drive from My Khe Sea.

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Many shophouses at the foot of Tran Thi Ly Bridge (Da Nang City) are being advertised for sale at a loss. Photo: Thu Giang

A recent report by DKRA Consulting - Vietnam Real Estate Market Development Research and Consulting Unit - analyzed that in the real estate market in Da Nang and surrounding areas, real estate segments continue to be gloomy despite positive signals in the tourism industry.

In the townhouse type, primary supply remains low, new projects are lacking. The supply in the quarter mainly came from old projects that were opened for sale last year, concentrated in the old Da Nang city area.

However, no transactions were recorded in the last quarter.

Along with that, the primary selling price level has not fluctuated compared to the same period, the current asking price ranges from 7.1 - 16.3 billion VND/unit. In particular, the secondary market continued to be gloomy, without recording any transactions.

DKRA Consulting predicts that in the third quarter of 2025, resort real estate in the Central region will continue to face many difficulties and will hardly show signs of recovery when legal bottlenecks have not been removed, investor confidence is still low.

Talking to Lao Dong, Mr. Tran Viet Hoang - Director of a real estate brokerage in Da Nang - informed that the sale of villas, townhouses, and shophouses has been happening continuously in the market recently.

According to Mr. Hoang, the rapid price increase and excess supply have previously caused the townhouse, villa, and shophouse segment to record sluggishness and low liquidity.

Many owners of townhouses, villas, and shophouses have recently had to urgently sell, sell at a loss, or rent out, and in some places have had to lower their selling prices to hope to get rid of the goods soon.

Analyzing this content, real estate expert Do Thu Hang warned that not all products labeled as shophouses are good investment opportunities.

In the current context, experts say that the shophouse segment is entering the re-evaluation stage. The market has shifted from speculative psychology to the requirement of real mining efficiency. Investors no longer accept buying for that purpose but need to clearly state cash flow, legality and operational capability.

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Many shophouses at the foot of Tran Thi Ly Bridge have signs for rent and sale. Photo: Thu Giang
Thu Giang
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