Da Nang’s real estate market is “restructuring” with the rise of the high-end riverside urban model, such as the Sunneva Island project.
The shifting direction of Da Nang real estate market
“Da Nang will witness the blooming of apartment projects or riverside urban areas in the coming period. These are iconic projects, well-invested in terms of design and product quality.” According to CBRE’s report on Da Nang real estate market in the second quarter of 2022.
According to the report, Da Nang has been gradually moving towards a more sustainable development trend, focusing on creating semi-luxury apartment projects and high-class urban areas. Riverfront real estate projects always attract the attention of many investors. The launch of these new projects will promote more active transactions, and at the same time help the Da Nang market quickly regain its growth rate after a period of calm.
A corner of Da Nang city seen from above. Photo: T. Dung
If previously the supply in the Da Nang market was mainly resort villas, condotels, and land plots, after the pandemic, Da Nang real estate focused on high-end urban areas with the launch of many projects. For example, Sunneva Island – launched in the second quarter of 2022, is typical for the potential trend of high-end riverside real estate in Da Nang.
According to experts, Da Nang market is gradually forming a centrifugal development trend, similar to Hanoi and Ho Chi Minh City. Most real estate projects in Da Nang are currently concentrated in central districts or along My Khe beach. In the next phase, the city will expand its space to the Southeast and Northwest, towards the formation of new urban centers. In that trend, many investors have flocked here to develop complex urban and resort projects, in order to catch the wave of displacement of high-quality residents, including: group of foreign experts working in clusters, industrial parks or in the field of tourism and resort.
According to experts, the trend of focusing on developing high-class riverside urban areas, forming satellite cities in line with the potential and actual requirements of Da Nang, solving the problem of development needs, attract large investment when the central land bank is almost exhausted.
The land along the Co Co river has a lot of room for development. Photo: T. Dung
The shift, “restructuring” of the market is attracting investors from Hanoi, Ho Chi Minh City to Da Nang. High-end riverside real estate projects in the Southeast are considered suitable to become a high-class “second home” for the rich. The report of Batdongsan.com.vn shows that, in Da Nang, products are considered as “second homes” of many types of real estate, of which villas strongly attract the attention of investors. .
According to DKRA, a luxury villa in Quang Nam is priced at 131 billion VND, twice as high as Da Nang. While the supply of the luxury segment in Da Nang is still quite limited, it shows that there is still great room for growth in real estate prices in Da Nang.
Sunneva Island – riverside luxury real estate project in Danang
After a quiet period, the real estate market in Da Nang has had a significant purification and strong restructuring. Currently, Da Nang gathers real estate “eagles”, for example Sun Property – a member of Sun Group is creating a model of a riverside urban area with an international standard utility system – Sunneva Island project.
As soon as it was launched in June 2022, the Sunneva Island project immediately created heat for the Da Nang market. Fully located on Dong No Island, Ngu Hanh Son District, at the confluence of 3 flows: Han River, Do Toa River and Co Co River, with a position adjacent to the river, next to the mountain, near the sea, Sunneva Island is protected by the world. Thuy is considered a place to accumulate good sources of air, helping people to stay relaxed and healthy, and at the same time bring the value of feng shui to gather wealth and accumulate wealth.
On a scale of 26 hectares, Sunneva Island spends 16 hectares to develop landscape infrastructure and more than 50 internal utilities, including 5-star facilities such as jacuzzi, water golf practice area, marina, clubhouse , infinity pool… The difference of Sunneva Island is also in 5 hectares of green park, 2.2 km of riverside promenade filled with tropical green, water surface space up to 30 hectares with winding green river. Interspersed with multi-layered vegetation are architectural works of bold Indochina, dotted with Champa culture.
Sunneva Island owns a system of high-class international standard facilities, helping to raise the living standard of upper-class residents. Photo: Sun Property
In addition to a series of internal utilities that meet living standards such as a 5-star resort, Sunneva Island residents can also experience a high-class utility system right across the river, which is the largest 50ha Hyde Park in the Central region and the largest 50ha Hyde Park in the Central region. Hoang Tra luxury trade center…
Assessing the Da Nang market with the emergence of new high-end projects, CBRE analyzed, previously low-rise housing in Da Nang was usually just a house to live in, not integrated areas. Currently, housing demand has grown to a higher level in terms of amenities and facilities for investors to live in. This trend shows that Da Nang has been gradually shifting to a more sustainable development trend, focusing on creating luxury projects and high-class urban areas, contributing to strengthening and improving the position of the whole market. city real estate.
Hoang Anh
