Probably Da Nang has gone out of the golden period?

Da Nang real estate market has hundreds of millions of projects “on paper”

5-star projects are located in the land of gold, was very much expected to change the face of Da Nang. However, they have been abandoned for years despite investors have poured hundreds of millions of dollars.

Da Nang real estate investors said that the excitement is overwhelmed by the cause of the land has become deserted for a long time, causing people living around pressing.

The abandoned million-dollar projects have affected the people living around them

Da Nang people must remember the event of Vu Long Chau Real Estate JSC. The groundbreaking ceremony for the construction of Danang Center and Han Riverside was held. The total capital of the two projects is $ 125 million (VND 2,600 billion) and is expected to be put into use in 2011.

But, for the past six years, this golden land has been the image of the grass. There are hundreds of piles of sting, iron rust. And some equipment, construction materials like scrap heaps.

Not only that, the land – which Da Nang investors named “diamond land” – also fall into the same situation.

The 48-story Vien Dong Meridian Tower twin towers. The total investment capital is about $180 million. Being deployed on land 84 Hung Vuong is a concrete example. Initially, with ambition to become the highest tower in Central Vietnam, is the face of Da Nang. The project was licensed by Danang People’s Committee in May 2008.

After the groundbreaking ceremony, the grass grew on the abandoned land, despite the fact that the city was constantly on the move. Investors once again committed to deploy in the first quarter of 2014. But until now, on this land is still the image of reinforced concrete pillars with grass. However, it must come when the People’s Committee. Da Nang urged and threatened to recover the land, in July 2009, the new investor started construction. At the same time pledged to complete and put the project into operation in the 2012.

The Golden Square project has 4 facades. Each was given a lot of expectations. But so far not completed after 8 years of construction

Adjacent to that, the Golden Square project has a size of 10,664 square meters and owns four facades. Total investment is up to 1,000 billion. The project was started in January 2008. Up to now, only basically completed the model house plus 2 floors of the tower. The countless foundations are still rusty.

What are the experts in the field?

According to local real estate investors, these projects have a common diderm that was launched in the period when the real estate market in Da Nang was “feverishly”. When the market froze, developers found no outlet for their products, so the delay was obvious.

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Due to the characteristics of Da Nang market, customers mainly come from the North and HCMC. So when the real estate market of these two cities is difficult, the Da Nang market falls into difficulties is indispensable.

“The principle of real estate investment today is” gold land “, it must be associated with trade centers or high-end apartment. But nowadays, low cost apartment in Da Nang is difficult to sell, then to sell luxury goods to anyone? According to me, that is the main reason why so many “land of gold” in Da Nang now deserted or slow progress, “- said Mr. Trieu – a director of real estate company.

These customers are people who do not like living in the apartment. At least 5 to 10 years when shopping psychology changes with the economy. The demand for high-grade apartments in Da Nang has been improved, when those projects have new outputs. Recent developments in the market show. People interested in real estate Danang are mainly people who have real needs and concern for land than buildings.

On the side of the investors, when they build up, they expect a wave of migrants from both sides of the country as well as overseas Vietnamese to return to Da Nang. So new investment to welcome this trend.

But that expectation was blocked by the economic crisis. The economic crisis has been for their unsuccessful strategic investment direction. And here, the economic problem is objective.

But the Da Nang authorities expect these projects will change the urban appearance of the city. Well, perhaps the government has “landed the wrong land gold”

The city has to take steps to address this urgent problem.

Recently, the Secretary of Danang Party Committee asked the relevant authorities to swiftly take part. Speed ​​up the progress of the projects, otherwise the land will be withdrawn according to regulations. At the latest, there is a commitment to invest in the future.

However, the recovery is very difficult, but the recovery is complete to do? This should also be discussed and clearly planned – One staff of DONRE. Da Nang put forward the point.

The leaders of the City People’s Committee. Da Nang also acknowledges that “golden land” so wild is so wasteful. According to the Chairman of Danang People’s Committee, Da Nang has also invited investors to work many times. Investors have also promised and committed. The project was restarted shortly after, but all is just done to deal with the administration.

People have proposed to the People’s Committee. Da Nang should have a separate scenario for the land “gold”. Before handing over to a certain investor. For example, besides the money required for business such as land, land clearance, …

The city should ask the investor to sign more funds (as Quang Nam did). This amount must be at least 20% of the value of the project. If committed properly, the money will be returned to the investor. If the progress is slow, that money will be pumped into public funds.

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