The second quarter report of 2025 by DKRA Consulting - Vietnam Real Estate Market Development Research and Consulting Unit analyzed that regarding 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. Of the 36 apartments opened for sale in the second quarter of 2025, none were sold.
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 also analyzed that although the tourism industry has positive signals, the fact that a series of abandoned projects have not been put into operation has greatly affected investors' confidence.
In addition, violations in legal issues of projects have also negatively impacted the real estate market, causing liquidity difficulties, showing no signs of improvement in the short term.
Notably, condotel in Da Nang last quarter only sold 3 out of a total of 669 units on the market.
According to DKRA Consulting, the primary condotel supply also decreased slightly by 1% over the same period.
100% of the quarter's supply came from inventories of old projects, while new supply continued to be absent from the market.
With 7 out of 228 apartments for sale being sold, liquidity of resort villa products in Da Nang City and surrounding areas also continues to face difficulties.
In the second quarter of 2025, primary supply continued to decline with a decrease of about 3% over the same period, mainly from the inventory of old projects. Meanwhile, new projects have continued to be absent for nearly 3 years.
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.
