Update: 13:59:30 28-06-2018Date Submitted : 10:31:45 26-06-2018
Over the past decade, the pace of Da Nang development has been truly remarkable. The forward looking city is rightly proud of its new infrastructure and modern transportation systems but also of enhanced lifestyle and in social security and food safety. And of course, the renowned charm and positive attitude of its citizens. Now looking forward to APEC with an almost breathless enthusiasm, the 'goodwill city' may anticipate an even brighter future.
APEC Economic Leaders Week will take place in Da Nang this November. The most important event is the summit with leaders from 21 countries attending. Thousands of official delegates, foreign & local reporters, international business people and global leading entrepreneurs are set to descend on Da Nang.
There will be a business summit event with high-ranking leaders in the APEC business advisory council and also the Inter-Ministerial Conference on Foreign Affairs taking place. Being an international events venue has put world focus on Da Nang and Vietnam real estate. According to the Savills Research team, local market indices have been very positive: Da Nang GDP in 1H/2017 has increased 8.1% year on year (YoY). Registered FDI increased YoY by a stunning 269.5% with approximately $14.3 million disbursed. City credit growth in 1H/2017 reached a six year high of 7.5 percent. Tourism is the key industry and the driving force of the city and in 1H/2017, visitor numbers increased by 72.2% to over 1.2 million, with total Vietnam visitor numbers up by approximately 33.2% YoY to 3.2 million. The city has been steadily emphasising its credentials as regional economic-tourism centre and this is confirmed by the increasing numbers of international direct flights from regional cities.
The real estate market is tightly linked to macroeconomic health and local economic development. A great deal of foreign direct investment (FDI) has been directed into property, particularly into the residential, leasing, tourism and industrial segments. The Da Nang hospitality market has 86 three- to five-star hotels providing about 9,400 rooms. Average room rates are up 11% with 22% pa revenue growth and average occupancy is up to 72 percent. Five-star hotels are performing best which shows Da Nang is the ideal destination for international visitors. Demand from domestic travelers keeps on growing. Condotel absorption is high at about 70% with the developer led rental profit share program continuing to receive a lot of attention.
Since Da Nang was chosen to host the APEC Economic Leaders Week, the city has become an even more vibrant market. This has been supported by its many infrastructure development projects, wide array of real estate products; and city social & cultural development strategies coming on nicely. The APEC event and overall market development will maintain and enable Da Nang's still significant growth potential.
Many experts affirm the city becoming a confirmed international events destination represents a great opportunity. As ever all opportunities must be grasped and acted upon strategically. Development infrastructure, event works and gaining more international attention as a quality venue will further promote city development. To make the most of this potential, Da Nang needs to grasp these chances to mature and turn domestic and foreign investment appeals into greater tourism, economic, cultural and social development success.
Being one of the most attractive destinations in South East Asia, Da Nang is notable for its vibrant landscape - beautiful beaches, favourable climate, proximity to an international airport and established infrastructure have drawn noticeable residential and hospitality investment. This coastal city also enjoys its great reputation thanks to friendly locals and exquisite cuisine. With improved infrastructures and favored policies, a large and consistent residential supply has made Da Nang not just one of the most recognised second home property markets in Vietnam, but also one of the most favored.
I would like to introduce some of the highlighted properties in Da Nang.
Perched at an altitude of 25-86 meters above sea level, the elegant Banyan Tree exclusive pool front villas offer breath-taking panoramic views over the unique crescent bay with the soaring Truong Son as a scenic backdrop. The project is located within Laguna Lang Co, the first and largest world-class integrated resort in Vietnam.
2. THE OCEAN ESTATES - Exclusive Resort Villas On Vietnam's Central Coast
Truong Sa, Hoa Hai ward, Ngu Hanh Son district, Da Nang
Unit size: 929 - 1,303 sqm
The Ocean Estates is a private villa community within the largest resort complex of central Vietnam - The Ocean resort. Developed by VinaLiving, the project includes 33 resort villas from 3 to 5 bedrooms with an average plot size of 1,000 sqm and private pool.
3. NEW HOI AN CITY - An oasis of serenity
New Hoi An City is a 400-hectare complex developed by HB Group that is only 5.2 km from the well-known UNESCO Hoi An Ancient Town. The project stretches along 1 kilometre of coastline and comprises 364 hotel rooms, a mix of 218 apartments and 12 beachfront villas. The development's first phase - Q1, utilizes more than 20,000sqm for a full range of modern leisure amenities including food court, shopping mall, fitness centre, swimming pools, spa, souvenir and local crafts shops, satisfying all conveniences while creating a vibrant and sustainable community.
With a strategic location in a leading tourism destination, New Hoi An City will become an attractive destination for home-buyers and investors seeking a premium coastal property and potential investment.
Update: 09:27:51 04-09-2018
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