Da Nang real estate market is receiving many opportunities from the policy, converging many positive factors, creating expectations for a strong breakthrough right in the second quarter of 2021.
Da Nang welcomes a special development position
– After a long time being affected by the epidemic, Da Nang’s real estate (real estate) market is expected to welcome a greater position to develop as well as bring the expectation of strong recovery and acceleration thanks to the a series of long-term development orientation and infrastructure projects.
– With the Decree, Decisions of the Government and the Prime Minister on city development. Da Nang was recently announced, after Ho Chi Minh City and Hanoi, Da Nang will be the next city oriented to become a special urban. The target in the period of 2030 – 2045 to become the socio-economic center of the country and Southeast Asia, plays a role as a tourist, commercial, financial and logistics hub. The city will focus resources to develop the infrastructure system, while attracting investment, developing a series of key cities, consolidating its position as a leading destination in the eyes of domestic and foreign investors.
– The government’s expectation in Da Nang city is being realized through a series of long-term development plans. In the list of 57 key projects in the 2020-2025 period, Da Nang plans to spend more than $ 2 billion on building an east-west subway system connecting Lien Chieu district through the center of Thanh Khe district to Son Tra. and the south-north axis, connecting Son Tra peninsula with Khue Trung, Cam Le.
– In addition, Da Nang continues to call for a capital of 14,990 billion VND to build a metro project connecting to the ancient town of Hoi An and more than 8,000 billion VND to make a tunnel through the airport connecting to the western area of Da Nang. Besides, it is calling for investment in construction of Lien Chieu port, one of the three most important ports of the country.
– In addition, factors to attract international investment into Da Nang are also being promoted. Besides Arevo brand (USA) proposed to invest 135 million USD to develop project with scale of 10.6 ha in Da Nang Hi-Tech Park, the city also licensed investment registration for 6 other major projects, of which There are 3 foreign direct investment projects with nearly 150 million USD from Japan and the United States.
– In the context that the COVID-19 vaccine has been put into use, Da Nang is expected to enter a period of strong economic development, helping to add value to real estate. Data from Batdongsan.com.vn shows that, in the first quarter of 2021, the demand for real estate search and investment in Da Nang increased by 32% compared to quarter 4.2020. Many experts forecast that Da Nang real estate will recover liquidity and increase heat again from the second quarter of 2021.
Opportunities open up for new markets
– Also in the 2021 – 2030 planning project, Da Nang continues its development direction, focusing on expanding the urban area to the Northwest, implementing the project of population stretching, reducing the load for the central region. The population size of Da Nang will increase to over 2 million people in 2030, accordingly, the Northwest urban area will continue to expand to about 37,000 ha and will become the focus of development of the Da Nang market.
– According to this development project, the Northwest region is the strategic development direction of Da Nang with a series of key projects, modern cities are being deployed, stimulating demand for the development of real estate. One of the leading projects is the western ring road, the section from Highway 14B to Ho Chi Minh Highway has been approved with a total investment of 1,499,776 billion VND. Hai Van road tunnel expansion project, promoting trade in the Northwestern region of Da Nang; Lien Chieu Port project (total investment capital of 33,000 billion VND), the project of expanding Nguyen Tat Thanh route to Lien Chieu port, improving Nguyen Tat Thanh coast, building Nguyen Tat Thanh square … will be a lever to socio-economic development of the western area of Da Nang.
– Experts say that the Northwestern area of Da Nang is considered to be a golden land with a series of large investment projects such as Vinpearl Lang Van, Nam O Tourist Area, Nguyen Tat Thanh Square, Resort, Mikazuki Japanese Resort & Spa, “Da Nang Silicon Valley” Area, Kim Lien Station, University Village and a number of new residential and tourist projects. This is a buying opportunity for investors with idle capital and foresight to participate in the real estate market with medium and long-term investment orientation.
– Experts say that the Da Nang real estate market has just experienced difficulties, so there will be purges. Homebuyers are more cautious in choosing projects with solid legal status. Prestigious investors, construction quality are focused. The fastidiousness of customers forces businesses to be more serious in searching for sustainable development orientations for real estate products. Accordingly, projects that both meet the needs of living, invest in profit and ensure the element of long-term ownership, highlighting the structure of the works, the aesthetics will be the safe option. that buyers prefer. In particular, projects with expensive locations, sea fronts will have a lot of potential to become a strong development trend.