According to CBRE, the Da Nang real estate market is showing a promising picture in the first half of 2025, reinforced by a solid economic foundation, strong investment capital flows and a spectacular recovery of the tourism industry. GRDP growth reached 11.7%, FDI capital poured in more than 62 million USD and the number of tourists reached 5.8 million, creating a comprehensive push for the market. In particular, the merger with Quang Nam from July 2025 is expected to open up new development space, creating a big boost for strategic investors.
In particular, the 4-5 star hotel segment showed an impressive recovery when welcoming 2 new projects, Courtyard Danang and Wyndham Soleil Da Nang, bringing the total supply to 18,610 rooms. Notably, room occupancy reached 65.5% and average room prices reached 112 USD/night, both exceeding pre-COVID-19 levels. The appearance of prestigious international brands such as Mandarin Oriental, JW Marriott in the future promises to continue to elevate the position of the Da Nang luxury hotel market.
In contrast to the excitement of hotels, the resort real estate segment faces a shortage of supply, especially villas. The only bright spot is the 640 condotel apartments from the Sun Costa Residence project. Although new supply is limited and the selling rate of villas shows signs of slowing down due to legal problems and high prices, average selling prices still grew impressively, reaching 12-15% over the same period, mainly thanks to luxury projects such as Mandarin Oriental and Nobu Danang that were opened for sale before.
The most explosive is the apartment market for sale, with 950 new units launched, bringing the total supply to nearly 12,300 units. The average primary selling price skyrocketed by 27% over the same period, reaching VND85 million/m2. The appearance of luxury projects along the Han River has pushed up the selling price to 130-200 million VND/m2. Although high prices have caused transaction volume to slow down somewhat compared to the end of 2024, it has still increased 2.2 times compared to the first half of 2024. With a forecast of about 10,000 new apartments to be launched in the next 3 years, this segment is expected to continue to lead the Da Nang real estate market.
