Apartment and townhouse market is booming
Market data released by DKRA Real Estate Services Group (DKRA Consulting) on July 18 recorded a positive recovery from the apartment and townhouse/villa segments in the second quarter of 2025, while the remaining segments remained quiet.
Regarding the land segment, primary supply in the Da Nang market and surrounding areas recorded a decrease of about 23% compared to the same period in 2024. Da Nang City (old) and Quang Nam Province before the merger were still the two main localities, accounting for 100% of the market supply. Demand improved significantly with an increase of 50% compared to the same period last year, with consumption equivalent to about 15% of the primary supply.
In the apartment market, primary supply increased by 19% over the same period last year, in which the old Da Nang city area, specifically Hai Chau district and Son Tra district previously accounted for nearly 76% of the primary supply of the entire market.
There is an imbalance in supply between segments, with the supply of Class A and luxury apartments accounting for 77% of the total primary supply in the market. Secondary market liquidity is recovering with a slight increase of 2-6% compared to the previous quarter.
The primary supply of townhouses/villas in the Da Nang market and surrounding areas recorded an increase of 4% over the same period, but was still low compared to the period before 2022. Most of it came from inventory of old projects, accounting for 88% of the total supply.
Meanwhile, new supply recorded positive signs of recovery when it increased 2.3 times compared to the same period, mainly distributed in Quang Nam province (old) and Hue city. Market demand continued to have many positive changes when consumption recorded an increase of 1.3 times. Da Nang city (old) and Hue city are still the leading localities in the market, accounting for 80% of total supply and 71% of total primary consumption.
The average primary selling price increased by 10% over the same period, while the secondary market also increased by an average of 4% compared to the end of 2024, mainly focusing on projects that have been handed over, have completed legal procedures and convenient infrastructure connections.
Land segment forecast to continue to be gloomy
According to DKRA Consulting's forecast, in the third quarter of 2025, the land segment in Da Nang and its vicinity will remain in a state of scarcity of new supply and show no signs of recovery in the short term. It is expected that only about 80 - 120 new products will be launched for sale, mainly concentrated in Quang Nam province (old) and Da Nang city (old).
In the apartment segment, new supply is expected to increase, ranging from 1,500 to 2,500 units, mainly concentrated in Da Nang (old). The class A apartment segment continues to account for a large proportion of the new supply structure brought to the market.
Market demand continues to maintain recovery momentum, but it is difficult to have many breakthroughs. Primary and secondary liquidity is unlikely to have a sudden change in the short term.
Da Nang real estate market is expected to have many new development drivers when the National Assembly passes the Resolution on the International Financial Center in Vietnam, contributing to promoting the potential of the regional real estate market.
In the townhouse/villa segment, new supply is forecast to increase compared to the second quarter, fluctuating between 100 - 200 units brought to the market. Overall demand may increase slightly compared to the second quarter but there is unlikely to be a sudden change in the short term.
With resort real estate, new supply is likely to continue to be absent as investors are more cautious in implementing sales, while liquidity remains difficult.
Source: https://baodanang.vn/bat-dong-san-da-nang-tren-da-tang-nhiet-3297252.html
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