Forecasting the real estate market of Danang in 2018

Once the city successfully hosts APEC, economists expect great growth in the economy. Of the trade centers integrated in the resorts. The real estate, entertainment and land rental projects in Da Nang in 2018.

Great expectations after a successful APEC year

APEC has ended successfully, with the participation of many major economies such as; The United States, Russia, China, Japan, South Korea, Canada, … Experts review: APEC 2017 has become the foundation for a breakthrough in the process of socio-economic development of Vietnam, as well as The host city is Danang.

This is a “one thousand year opportunity” to Da Nang to take advantage and exploit the maximum of its tourism in 2018.

APEC was successfully held opening a new development. The foundation for a breakthrough in economic development in Da Nang

Experts put forward the assessments, pointing out opportunities for Da Nang in 2018

Tran Viet Thai, deputy director of the Diplomatic Academy, said: “I affirm that the price of land in Da Nang will rise sharply. APEC has helped Da Nang attract the attention of the presidents and CEOs of big corporations in the world.

This may be a landmark marking a new development of this land and hence the tragedy of the value of the property here. “

In 2018, experts predict that the boom will be in the following categories: Shophouse, Condotel and Officetel in Da Nang. .

Although these types have appeared and developed rapidly in the big cities of Ho Chi Minh City and Hanoi.

But in Da Nang, these models are quite new to customers. Not so that the heat of these types in Da Nang will decrease in 2018.

Shophouse is expected to explode in Da Nang in 2018. Because these are smart housing projects

Accompanying with the explosion of new property types, according to investors in 2018. The land will also continue to be the segment of interest and is expected to have many successful transactions in the next year. .

According to local brokers, there will be two “boom” areas in Da Nang.

It is in the south and northwest of the city. Because these locations are full of factors to achieve a sustainable growth.

In South Da Nang, in just the past two years, the service infrastructure has been drastically built up.

Roads provide vital arteries from the city center to expand the urban space toward the south. .

Along with the large invested infrastructure, this area also attracts big projects such as Nam Hoa Xuan ecological urban area. A series of large urban projects along the Co Co River such as FPT City, Sentosa City, Coco Riverside City and Green City have also been established in this area.

More prominent is the northwest. Because there is urban expansion plan in this direction

There are also big projects in the North West that change the face of the area. First of all, the important traffic project is the western belt. With total investment capital of up to VND 1,500 billion has been approved. And the Information Technology (IT) project has just got a new owner.

In addition, the project at the gateway to the area is the project Golden Hills urban area. 400ha invested by Trung Nam Group since 2011.

According to information, the current area of ​​98ha has completed the technical and social infrastructure since June 2015.

Blocks B and C have completed 100% of the apartments and are continuing construction of transportation items, rain water drainage, waste water drainage, electricity and water supply, lighting and greenery, surrounding landscape.

Commenting on the development of Northwestern Danang, real estate experts said: The wave of real estate investment “follow” the development of infrastructure has become the inevitable.

Infrastructure will also lead to real estate growth there. In Da Nang Northwest, there are two major transportation projects, Lien Chieu Port and Kim Lien Cargo Terminal, which will be completed by the planned route to the west.

Therefore, real estate growth is not difficult to understand. Especially, information from Da Nang Department of Construction said: In the future, the city has planned to expand the North West urban area to 37,000ha to meet the growing population size of Da Nang.

At present, land transactions in the North West are happening very exciting. Around the land products located in the urban area with good infrastructure, convenient transportation, school network, hospital, entertainment space.

Assess the prospects of Da Nang real estate, especially the land segment. Marc Townsend, CBRE’s general director, said: “As a result, people still prefer land and townhouses. According to the habits of their lives. Especially apartment segment has not received much attention of customers in the central region. Thanks to the APEC event, Danang has a good infrastructure system, convenient transportation. These are the factors that will stimulate the real estate market growth in the coming time in this city.

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