On the afternoon of December 11, at the 5th Session of the 10th Da Nang City People's Council, delegates voted to approve Submission No. 288/TTr-UBND of the City People's Committee on promulgating the new Land Price List.
The new land price list was first developed under the 2024 Land Law, abolishing the Government's land price framework and giving localities full authority to decide on market principles. This has caused the general land price level of Da Nang to increase significantly compared to before.
According to the plan chosen by the City People's Council (option 2), land prices in all areas have increased, but the increase has been adjusted down by 20% compared to the initial proposal of the consulting unit to ensure the harmony of interests between the State, people and investors.
Specifically, the average increase in districts and towns fluctuates strongly. "Hot" areas for urban development such as Hoa Vang, Ba Na, Hoa Tien have the highest average growth rate, approximately 50%. Meanwhile, central districts such as Hai Chau had the lowest increase, only about 2.99%.
Notably, Bach Dang route (from Le Duan to Nguyen Van Linh) continues to hold the "golden land" position with the highest approved price of 349,150,000 VND/m2. Many other routes in central districts also recorded significant price increases.
According to the Submission of the People's Committee of Da Nang City, the construction of a new Land Price List is an urgent and mandatory task according to the provisions of the 2024 Land Law. The current land price list no longer accurately reflects the actual value in the market, especially after strong fluctuations in infrastructure and rapid urbanization of the city.
The application of the new land price list will help increase budget revenue from land use fees, land rent, taxes and related fees. At the same time, it also ensures fairness for people in compensation, site clearance and resettlement when the state reclaims land.
Choosing a 20% discount from the original proposal is considered a reasonable solution. According to the analysis, this option will help reduce the financial burden on households and individuals when fulfilling their tax obligations, especially when changing land use purposes or paying land use fees. Although the state budget will collect less than the original plan, it will help stabilize the economy, create more favorable conditions for people and attract investors, ensuring sustainable development.
This Resolution will take effect from January 1, 2026 and is an important legal basis for all land management and use activities in the city in the coming period.
