“It is not until 2017 when Da Nang organizes many events that the market will prosper, this growth will continue despite the big events had gone… Land fever in Da Nang is real, however, customers need to master the planning of each region, each subdivision, not the crowd, “said Marc Townsend.
After APEC, Da Nang real estate is still as hot as usual
In 2017, TP. Da Nang is the host city and hosts many major cultural and economic events, in which the most important is the APEC Forum scheduled to take place in mid-November.
This event has created a strong boom in the real estate market, attracting domestic and foreign capital inflows into large-scale projects in all segments. There have also been comments suggesting that the recent property fever in Da Nang was pushed up by the APEC event and once this event ends the market will start to cool down.
Talking about this issue, Marc Townsend, former director general of CBRE Vietnam, Da Nang is being attracted by investors, because the city government wants to make this place a “Singapore” of Vietnam when implemented many large-scale projects such as the banks of the Han River, Son Tra Peninsula … Along with that, a series of modern transport infrastructure projects have helped stimulate investors to transfer capital flow here.
“In addition to the above-mentioned factors, Da Nang is also one of the attractive destinations for domestic and foreign tourists because this place is like the city festival. Many of the events will be prosperous, and the momentum will continue despite big events. Customers and investors looking at Da Nang are looking at long-term vision, profitability still high due to lowland fund, good investor support policy, security, and projects are almost released to market, only a few investors left to wait for the maturity of the project. “, Added Marc said.
The same opinion with Marc Townsend, real estate experts, also said that in 2017, the segment of this market will continue the momentum of strong and sustainable growth, especially the segment of the coastal resort property, which point Morning will be the profit sharing project with secondary investors following the condotel model.
The destination of the “toxic-waste”
The most prominent in the real estate market in Da Nang today is Cocobay super complex. On July 15th, Cocobay has officially opened the first phase with nearly 1,000 rooms in the chain Boutique Hotel and dining system on a busy street. This super-complex event has not only left the real estate market unsettling but has made the projects around the complex “sizzling.”
Cocobay has a total investment of more than $478.260.870 on a scale of 31 hectares. Expected to go into operation, this project will supply to the market over 10,000 apartments of the component projects such as: Boutique Hotel, Coco Skyline Resort, Coco Ocean Resort, Coco Ocean Resort.
Up until now, Boutique Hotel under Cocobay has been put into operation as Muze, Latido, Bisou, condotel chain is also being promoted to deliver to customers.
The condotel Coco Ocean Resort has been constructed to the 20th floor. Coco Oceanline Resort – The most exclusive Condotel in Coco Coco has been built in July. The tower is expected to be completed in July delivered to customers in Q1 / 2018.
Ms. Thanh Lich – Deputy General Director of VNG Land real estate trading floor shares: “At this time, selling at Cocobay is very” happy hands. “Just give your visitors a close look at the project that went into operation or visits the site, without convincing many investors are willing to down the money. Even before the operation of the project, the phenomenon of guests has to wait months or draw lots to own apartment in Cocobay happened”
A week ago, the owner of the Empire Group announced the addition of 80 Coco Skyline Resort last resorts at a price “a little” more than the first phase – from $60,870/ unit has also been quickly cleared, investors. When the customer owns the apartment in the condotel the court will be the owner committed to a profit of 12% per year for 8 years. Especially when the project handed over, the profit problem of the project has become more clear but not potential.
Besides Cocobay, projects such as Green Peace, Soleil Anh Duong, Alphanam Luxury are also quite impressive projects attracted customers.
You are reading the article “APEC Ended, Da Nang Real Estate Market Is Still Vibrant” in the section “Real Estate News” on the website: www.realestatevietnam.com.vn/.
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