According to a survey by the website Batdongsan.com.vn, the Da Nang land market is one of the few land markets in the Central region that have made strong price leaks in recent times.
A series of major boostes such as provincial mergers, infrastructure investment and development, tourism growth again and a series of projects launched have become growth drivers of Da Nang real estate in general, and the land segment in particular.
Notably, one of the typical hot spots of Da Nang land is the coastal axis stretching from Son Tra - My Khe - Ngu Hanh Son - Hoi An to Chu Lai.
For example, in Son Tra ward, many plots of land are about 200-300mm from My Khe sea, the land price has increased by about 20% compared to the end of last year. From an average of 70-75 million VND/m2 to 85-97 million VND/m2.
Land in An Hai ward, Nguyen Chinh street, over the past year, the price has increased from 80-85 million VND/m2 to 120-125 million VND/m2. Land prices on Nguyen Duc An Street also increased from 95-105 million VND/m2 to around 120-130 million VND/m2.
Meanwhile, land in Ngu Hanh Son ward, plots on the frontage of Che Lan Vien street also increased in price from over VND 90 million/m2 to VND 115-120 million/m2...
Many real estate experts believe that it is undeniable that the Da Nang land market is heating up thanks to synchronous investment in infrastructure, clear development orientation, explosive tourism and the psychology of hoarding assets of the people.
In this heat, people have to be even more alert to decisions to spend money to invest.
"Da Nang has experienced many land fevers, prices were pushed up and then quickly slowed down. Investors need to be wary of rumors and avoid buying according to crowd psychology. Analyzing the real value of the new plot of land is the key to deciding on successful investment" - Mr. Hoang Van Truong (real estate investor in Da Nang) emphasized.
Referring to this content, Mr. Vo Hong Thang - Deputy General Director of DKRA Group real estate service provider - commented that in the first half of this year, the Da Nang land market has recovered. However, since the merger information, the Da Nang market has recovered more strongly, especially in the suburban areas bordering Quang Nam (old) such as Hoa Xuan, Ngu Hanh Son...
At that time, land transactions in Da Nang increased dramatically, prices also increased by about 15-20%, some places increased by 30%.
In the past few months, Da Nang has had a lot of information about major projects implemented such as Free Trade Zone, International Financial Center...
However, the supply of land in Da Nang is still relatively scarce, mainly secondary goods and old projects. Experts say that after the merger, the Da Nang real estate market will have more room for development, including the land segment.
