Accordingly, many real estate experts believe that expanding urban space when merging with Quang Nam helps Da Nang City double the advantage of the sea, creating room for sustainable development, population size and economy increase sharply.
Associate Professor - Dr. Tran Dinh Thien - Member of the Prime Minister's Policy Advisory Council, former Director of the Vietnam Economic Institute - said that the biggest advantage of the Da Nang - Quang Nam merger is the scale and ability to integrate resources.
According to experts, Da Nang is currently located in a special geographical - historical coordinate, an urban area that plays an increasingly important role in the modern development of the Central - Central Highlands Coastal Region and the whole country.
In the context of Quang Nam merging into Da Nang, many people have considered this city as a choice for the future. Therefore, the real estate market, including the type of apartments here, is facing unprecedented opportunities.
In particular, the coastal apartment type is being positioned as an outstanding segment, leading a new development cycle with many outstanding advantages.
Similarly, Mr. Bui Van Doanh - Director of the Vietnam Institute for Real Estate Research - emphasized that Da Nang urban area has been affirmed the development trend in the coming time as a digital urban area, smart urban area, green urban area, and will soon be an international financial center in Vietnam.
However, according to experts, Da Nang's coastal land fund is gradually limiting, it is necessary to develop high-end real estate to fully exploit its potential and advantages.
Mr. Bui Van Doanh said that through a survey by the Vietnam Institute for Real Estate Research, this area is experiencing unbalanced development between real estate segments.
The locality has many hotels and resort real estate to serve tourism, while there is a shortage of real estate types for living, or both for living and for business for rent.
According to statistics from DKRA Group, in 2024, Da Nang City will have 4,300 new apartments launched on the market, an increase of 2.5 times compared to 2023, with an absorption rate of up to 76%.
Notably, nearly 70% of the supply is class A apartments. Demand has recovered positively, increasing by 4-6 times compared to previous years. In particular, products from reputable developers, with diverse utilities, full legal documents, located in beautiful locations with high liquidity.
DKRA forecasts that the city's supply will continue to be maintained, and demand will continue to recover, helping housing products maintain their appeal.
Unlike the markets of Ho Chi Minh City and Hanoi, with the advantage of clean land funds, open policies and real housing needs, Da Nang is emerging as a "magnet" attracting large real estate developers.
