New supply of high-end apartments and villas rises in Da Nang

According to Savills, supply of high-end resort properties in Da Nang is now ranked second nationwide, just below Nha Trang, with a total of 1,199 villas and 3,367 apartments. Some successful existing projects include Hyatt Regency, Ba Na Hills, Azura, Furama and Intercontinental Ocean Villas.

In addition, the central city will also welcome a large number of new high-end apartments and villas in outstanding projects like Coco Bay, Vinpearl Han River, Soleil Da Nang, Da Phuoc, Ariyana, Han Riverside, Ocean Suites & Estates and Central Coast.

Supply of high-end resort properties in Da Nang is now ranked second nationwide

Savills’s report also reveals that 80% of purchasers who bought properties in Da Nang in the first half of this year are from Hanoi. They have been attracted by a large choice of products, bright tourism prospects, sales policies, and the image of a young, dynamic and green city with completed infrastructure and civilized community.

In field of hospitality segment, Da Nang has 73 three to five-star hotels with a total of 8,485 rooms. In particular, 7 of the 11 five-star hotels and 4 of the 14 four-star hotels have been under management of international operators. 

Besides, with total capital of $4 billion, Hoi An South casino resort is set to be put into partial operation by 2019.  Its appearance is expected create a huge push for the formation of a hospitality chain from Da Nang to Hoi An ancient town. In the near future, the supply will welcome more new rooms from key upcoming hospitality projects such as Hilton Danang Hotel, Four Points by Sheraton and Crowne Plaza Phase 2.

Da Nang has been known as one of the world’s 20 cleanest cities and Vietnam’s most livable city. With various beautiful natural and cultural destinations, the city is considered the tourism capital of central Vietnam. It is a potential market with outstanding growth in economic indicators, mechanical population growth, good natural environment. 

The central city will continue to implement many major apartment, villa and resort projects soon. Investors are pouring in more and more capital into the market. The advantages in infrastructure development and increasing demand for property products make Da Nang’s real estate, especially in the field of tourism, become increasingly attractive.

Source: Nhip song thoi dai