Da Nang: 338 social housing apartments cost less than VND 9.4 million/m2

Da Nang: 338 social housing apartments cost less than VND 9.4 million/m2

338 apartments belonging to two blocks of apartment buildings B1 and B1A of apartment project Social housing in Hoa Khanh industrial zone cost not more than 9.4 million dong/m2.

Source: Internet


Department of Construction Da Nang has just agreed on a plan to open the sale of social houses in the future in two blocks of apartment buildings B1 and B1A of the project of social housing in Hoa Khanh industrial zone by Sai Gon Thuan Phuoc Green Real Estate Joint Stock Company, which is the investor.


Accordingly, the Department of Construction City. Da Nang agreed to the investor to sign a future Social Housing purchase and sale contract, with 338 apartments at locations from the 2nd to the 15th floor of each block, with a total floor area 13,414m2.


The average selling price per apartment does not exceed 9.4 million dong/m2 (including profits and 5% value added tax, excluding maintenance costs of 2%).


Da Nang Department of Construction requires investors to approve the right subjects to buy social housing in accordance with the law. In which priority is given to workers working in industrial zones in the city.


According to Nguyen Van

More than VND 100 million per m2 of Danang beach villas

More than VND 100 million per m2 of Danang beach villas

Resort villas in luxury projects in Da Nang are offered at $ 4,459 per square meter, new basket of goods less and less.


CBRE Vietnam has just announced the market of Da Nang resort villas in the first 6 months of the year with a very high selling price. The average asking price of luxury beach villas recorded at USD 4,459 per m2, equivalent to more than VND 104 million per m2. For high-end projects, sea villas are offered at US $2,268 per m2 and the mid-end segment reaches US $1,167 per m2.


By the end of the second quarter of 2019, 81.3% of resort villas was sold. The slow growth of this type of real estate is due to limited supply as many old projects have been sold out and very few new projects have been launched. The remaining supply of villas comes from projects that are delayed construction or luxury projects or newly launched projects.


Danang real estate market. Photo: Nguyen Dong


In the first 6 months, Da Nang had only one project offered for sale with 44 villas. This meager basket is quickly absorbed in the first week of sales. The total supply of villas in Danang is 815 units across all segments, coming from 16 projects.


Meanwhile, from the end of June 2018 to the end of June 2019, the Da Nang apartment market has no additional apartment projects. The cumulative total supply is 5,031 units from 16 projects.


Before the legal framework for condotel products is still unclear, upcoming apartment projects in Da Nang receive a lot of attention from investors. The apartment has some points better than condotels such as ownership, long-term use, and household registration while buyers can still enjoy the rental commitment policy from some developers. This meets the needs of both buyers and investors.


According to Vu Le

Da Nang real estate, signs of prosperity

Da Nang real estate, signs of prosperity

97% of supply of townhouses and villas in the last 3 years in Da Nang has consumed; real estate prices still have room to increase, especially new development areas... Especially, positive macroeconomic directions for the long-term future make real estate in this city on the rise, and is forecasted to enter a stable and sustainable development trajectory.


Source: Internet

Having not rose to the peak


Statistics and detailed evaluation of Danang real estate market from 2017 to the beginning of June 2019 of DKRA Vietnam Joint Stock Company shows that: Da Nang real estate increased sharply in the land plot segment with an increase of 3 times.


Notably, 97% of the supply of townhouses and villas in 3 years has been consumed.


Although just experiencing the "virtual hot land status” makes the market somewhat quiet and sideways, the "hot status" of land also leaves investors many valuable lessons. It is not rushing into the "whirlpool" of investment in the crowd, need to be alert to choose prestigious investors, clear planning projects, located in rich potential development positions.


In fact, after the land fever phase, the segment of land plots and townhouses at large projects in Da Nang has remained unchanged. "Bubbles" only "spray" in "virtual" projects, speculators inflated, not true value.


At the present time, the market is witnessing a silent wave of investment in land plots and townhouses to welcome the planning as well as waiting for long-term business opportunities in the city "Central tourism capital".


As assessed by Mr. Nguyen Duc Lap, Director of Danang Real Estate Research and Research Institute: "Da Nang real estate prices are still not at the peak of exploitation and will still increase in the future".


Many positive signals


It can be seen that Da Nang real estate is flourishing with many positive signals. In early 2019, the Politburo issued Resolution No. 43 on Construction and Development of Danang City to 2030, with a vision to 2045.


Talking about Resolution 43, Mr. Nguyen Van Binh, Head of Central Economic Committee - the unit assigned to lead the development of the Resolution said: "We set the goal by 2030 how to make Danang become a smart, ecological, worth living city is not only the top of the country but also the leading of Southeast Asia. And by 2045, it will become one of the leading cities in Asia in general ".


Looking at the objectives and very clear tasks set by the Central for Da Nang, it can be seen that real estate in this city will be a "magnet" to attract investors. In addition, Da Nang city government recently hired a Singaporean consulting unit to conduct a master plan redo. Along with many foreign investors such as Singapore, the United States, Japan... pouring capital into Danang, real estate has become an attractive investment channel.


More positive information, according to the unified plan of Danang People's Committee and Quang Nam People's Committee at a recent meeting, the Co Co River will be cleared for the entire route before September 2020. Once Co Co River "revives", the Southeast area of the city will have more advantages in trading tourism services on both sides of the river. The leaders of 2 localities also agreed to deploy the resting and entertainment places to serve tourism development along the Co Co river. Thus, the Southeast has the opportunity to become a new center, converging potentials for developing waterway tourism.


The wave "go ahead, be the first"


A professional investor revealed: Da Nang real estate investors are hunting planned areas to thrive in the future, especially in the southeast of the city. The law of investment is when the market looks quiet, it is easy to buy. By nature, Da Nang is a tourist land, there is no story of land prices falling, only going up.


Source: Internet


From the beginning of the year, when judging the information of two urban development spikes of the Southeast and Northwest, investors soon saw the potential of exploiting, trading hotels, and tourism services in the area. Southeast by advantage running along the coastline. Therefore, the areas of land plots and townhouses with synchronized planning were soon within the target of investors.


Like the urban project along the Nam Hoa Xuan River, for example, the townhouse and ground products of this project are constantly sought, especially in the area on both sides of the extended Nguyen Phuoc Lan road and other riverside areas by the visible business potential. Or the land along the southeast of the city is also considered "expensive".


Along with more than 5 million visitors in the first 7 months of this year, it is expected that to welcome 8.2 million guests in 2019, the title of "Central Tourism Capital" still belongs to Da Nang. Therefore, undeniably, Han River city is still a fertile land for investment in tourism and real estate services. Therefore, it is understandable that there will be a silent wave of welcoming the opportunity to raise prices and long-term service business opportunities in this city.


According to Tuan Khanh

Da Nang inventory and maps land use in 2019

Da Nang inventory and maps land use in 2019

Danang People's Committee has approved Plan No. 4981/KH-UBND on implementation of land inventory and mapping the current land use status in 2019 in the city.


According to the notice of the Department of Natural Resources and Environment of Da Nang City, from August 2019 to December 15, 2019, the authorities will conduct a land inventory and build a current land use status map in 2019 in wards, communes throughout the city.


Wards and communes complete the data, compile a land inventory document in 2019, report to the district People's Committee before January 16, 2020.


The City People's Committee assigns the District People's Committee to be responsible for organizing the compilation of land inventory data, making land use status maps based on land inventory data and land use status maps of wards and directly under communes in 2019, submit the report to the City People's Committee before March 1, 2020 for approval and submit a report to the Ministry of Natural Resources and Environment before April 16, 2020.


Da Nang conducts land inventory and maps the current land use status in 2019 in the city. (Photo: Van Luan).


Earlier, on 8/8, Danang People's Committee said, issued a document to deploy the conclusions of the Standing Committee of the City Party on the planning and investment of projects in the city.


Accordingly, the People's Committee of Da Nang City assigned the Department of Construction to coordinate with the Department of Natural Resources and Environment, People's Committees of districts and related units to effectively implement the work of consolidating resettlement plots into large and public land lots in order to call for investment promotion and reporting to the City People's Committee for consideration and decision in August 2019.


Da Nang built a land portal for people to look up


Da Nang Department of Natural Resources and Environment is currently implementing the task of constructing a land portal to make land information transparent to organizations, citizens and businesses in the city.


The system of land information portal after finishing will be the official information channel of the Department of Natural Resources and Environment to organizations, citizens and businesses.


Specifically, information in accordance with the current law, land parcel information: parcel book, number of cadastral map; acreage; land use purposes assigned, leased or recognized by the State; registered or not registered; has issued a certificate or not yet issued a certificate.


Information on land use plannings and plans already approved by competent state agencies, including: Diagram of spatial planning of areas with land plots; land use purposes according to planning; Information on land price tables approved by competent state agencies.


Currently, the standardization and publication of land parcel information on the basic land information portal has been completed and the land information portal system is in trial operation.


According to Doi song Phap ly

Da Nang: Mr. Dinh Vui holds the position of Director of Ho Chi Minh City Land Fund Development Center

Da Nang: Mr. Dinh Vui holds the position of Director of Ho Chi Minh City Land Fund Development Center

Mr. Dinh Vui, former Deputy Director of Da Nang City Land Fund Development Center, was appointed as Director of the City Land Fund Development Center.


On July 31, Da Nang Department of Natural Resources and Environment organized the announcement of the Director of the Department about appointing leaders of attached units. Accordingly, Mr. Dinh Vui, former Deputy Director of Da Nang City Land Fund Development Center, was appointed as Director of City Land Fund Development Center.


Mr. To Van Hung, Director of Danang Department of Natural Resources and Environment (center) hands the appointment decision to Mr. Dinh Vui (right) and Mr. Nguyen Dinh Lam


At the same time, Da Nang Department of Natural Resources and Environment also received Mr. Nguyen Dinh Lam, officer of the City Land Registration Office, to take over the task of Sea and Island Sub-Department and appointed as Deputy Director of Sea and Island within 5 years from the date of decision publication.


Da Nang City Land Fund Development Center was established on the basis of merging Da Nang Land Management and Management Company and Da Nang Real Estate Transaction Center according to Decision No. 4373/QD-UBND dated May 25 June 2013 of Danang People's Committee.


According to the Danang Department of Natural Resources and Environment, the City Land Fund Development Center is a non-business unit with income under the Department of Information and Environment, established by the Danang People's Committee; have legal status, its own office and seal; be allowed to open accounts at the State Treasury and credit institutions to operate in accordance with law.


Danang Land Fund Development Center has the function of creating, developing, managing and exploiting land fund; organize the implementation of compensation, support and resettlement; transfer of land use rights of organizations, households and individuals; organize the auction of land use rights and perform other services in the field of land.


According to Hai Chau

Da Nang real estate price is expected to rise, the market flourishes

Da Nang real estate price is expected to rise, the market flourishes

Real estate experts (Real Estate) said that the development and growth of Da Nang Real Estate is currently not commensurate with the local position, great potential in economy and tourism. It is forecasted that real estate in Danang will increase prices by 30-50% more in the near future.


A more satisfactory growth scenario


Along with Hanoi and Ho Chi Minh City, Da Nang is one of the three largest real estate markets in the country. However, Danang has a shorter development history than the two markets Ho Chi Minh City and Hanoi. Ho Chi Minh City Real Estate Market has grown for more than 40 years, Hanoi for more than 30 years and Da Nang nearly 20 years.


For nearly 20 years, the real estate market in Da Nang has not had any time to cool down or real estate value will be reduced. All this development is because Da Nang possesses great advantages that create conditions for a solid real estate market, both in terms of geographical position, natural landscape and especially the ideal investment environment.


Da Nang real estate market is forecasted to increase in the near future.


The population of Danang in 2019 is 1.231 million, while the number of tourists each year is always 4 times the population. Typically, in the first 6 months of 2019, Da Nang welcomed 4.3 million tourists. In which most guests need to stay for at least 3 days. This is an advantage that few localities in the country have.


Not under pressure of population and housing demand like other big cities of Hanoi and Ho Chi Minh City, Danang takes advantage of tourism to strongly develop resort and hotel real estate. However, real estate experts analyze that the growth rate of Danang Real Estate is still not commensurate with the advantages and potential that this city owns.


Therefore, the trend of housing price growth in this city has not stopped. Forecast, real estate in Danang will increase prices by 30-50% more in the near future.


Investors hunted land before the market grew quickly


According to the actual survey, in addition to investing in resort real estate products such as sea villas, hotels, condotels, Danang investors aim at the types with good liquidity and long-term accumulation as land plots.


For developing cities like Da Nang, the land fund for land plot segment is still in good locations, prices are still at soft levels. Especially, the ground is also said to be a product with strong growth potential in the future. Experts predict that in the end of 2019 and early 2020 Da Nang land will increase sharply because customers rush to buy before this market has many major changes, pushing up real estate prices in the coming years.


Land is still a segment that investors "hunt".


In particular, the South and Northwest of Danang are two areas with many large-scale land projects, which are well planned and in great demand. Especially with projects that have completed infrastructure and owned a prime location such as Golden Hills (an urban area of nearly 400 hectares in Northwestern Da Nang).


After cooling off time, the Da Nang market in the third quarter of 2019 is starting to stabilize and this is the right time to make investment decisions. Because the current land fund is not much, if investors quickly own, investors will have the opportunity to increase profits. Moreover, with a more satisfactory growth scenario for Da Nang, the land plot will be a product of great profits, a long-term investment and accumulation channel for customers.


Besides, according to the analysis of experts, the socio-economic development of Da Nang has led a large number of local people to come and live here. Therefore, the need to buy land is inevitable. It is forecasted that in the future, the property ownership in Da Nang will be more difficult when the population of Danang will be about 1.6 million by 2020 and 2.5 million by 2030, of which the main population informally about 2.3 million.


This will push up the demand for real estate ownership, making Da Nang market vibrant, real estate value will increase sharply in the future.


According to PV

Converting Danang Industrial Zone into an Urban Area

Converting Danang Industrial Zone into an Urban Area

Da Nang City gives priority to encouraging businesses in Da Nang Industrial Zone (IZ) wishing to change the purpose of land use to urban land or do not need to continue production and business, so they are given priority to transfer land use purposes according to the approved planning.


On August 21, the Office of the Delegation Delegation, City Council and the People's Committee of Da Nang said that there had been a document No. 138/TB-VP (August 6, 2019) announcing the conclusion of the Chairman of the People's Committee of Huynh Duc Tho City relating to the management and use of land in Danang Industrial Zone (ie An Don Industrial Park).


Specifically, the leaders of Da Nang City agreed to select the preferred plan to encourage businesses in Da Nang Industrial Zone (formerly known as An Don Industrial Zone and now people and businesses in the area are used to calling here as An Don Industrial Zone) wishing to change the purpose of land use to urban land or no need to continue production and business shall be given priority to change the land use purpose in accordance with the approved plan.

Source: Internet

The choice of this plan is to change the purpose of land use in An Don Industrial Park to reduce compensation costs and relocation in new locations, limiting complaints and lawsuits because they are not in the case of the State. land must be recovered; At the same time, to accelerate the implementation of urban construction and development in An Don area under the direction of the Prime Minister.


In case enterprises wish to continue production, they are encouraged to relocate to other IPs in Danang and the city government shall compensate enterprises according to regulations; concurrently organize a land use right auction at the location of the relocated land in accordance with regulations.


In case Massda Land Co., Ltd. (the investor of An Don Industrial Zone) wishes to change the land use purpose to develop the urban area, it must be agreed with the enterprises that receive the transfer of the land sublease right, paid in lump sum for the entire lease term to qualify for land use conversion.


Land use map of Da Nang IZ (ie An Don IZ)


The Chairman of Danang People's Committee assigned the Management Board of the High-Tech Park and Da Nang Industrial Zone to continue the construction of the project of relocation of enterprises in An Don Industrial Zone. In particular, it is necessary to classify which enterprises must relocate to other industrial zones in the city, which enterprises meet the conditions and need to change the purpose of land use according to the approved plan in order for the units to know and implement.


The Chairman of Danang People's Committee also assigned the Department of Construction to coordinate with the People's Committee of Son Tra District, the Management Board of the High-Tech Park and the Danang Industrial Zone to organize the public announcement of the approved construction detailed planning according to the regulations.


At the same time, the Management Board of Da Nang High-Tech Park and Industrial Zones is the focal point to monitor throughout the process of transforming An Don Industrial Zone into an Urban Area. The problems in the process of timely implementation of the report, the City People's Committee proposed to consider and direct.


According to Hai Chau

Overview of Danang Real Estate: Where is the most attractive segment?

Overview of Danang Real Estate: Where is the most attractive segment?

Previously, the apartment segment was thought not to attract investors with resort villas or land plots, but the fact showed that the price and rent of apartments in Da Nang, especially coastal projects were upward trend


Savills Vietnam has just released the Danang Real Estate Market Report in the first 6 months of 2019, analyzing 6 typical segments of the market: retail, office, hotel, hotel and apartment for sale, and resort villas. Based on the latest research data in the report, Ms. Do Thi Thu Hang, Director of Savills Hanoi Research Department, gave an in-depth and in-depth overview and analysis of the real estate market in Danang. We would like to quote Ms. Hang's article:


"If you only look at the segment of apartments, condotels and resort villas, the Da Nang real estate market is going through a quiet space with a very limited number of newly launched projects in 2019. However, besides the deep features, the market still recorded very positive developments, showing the great potential of this central city.”


The hotel grew by tourism


Hotels - the "elder" segment leading the real estate market in Da Nang are benefiting directly from the very good performance of the tourism industry. International visitors to Danang in the first half of 2019 reached 1.8 million, increasing 26% year on year - a high growth rate. Besides, the domestic demand was very stable with 2.5 million visitors, an increase of 8.3% year on year. The accessibility of air routes in recent years has been helping Da Nang to easily separate tourists and market orientation for medium-high-class objects.


As of the first half of 2019, Da Nang had 31 international routes to the city (frequency of 419 flights/week) and 11 domestic routes (frequency of 654 flights/week). The entry of new airlines, new routes/flights boosted demand for the hotel market. International tourists arriving in Danang by air in the first 6 months of 2019 reached 1.5 million passengers, increasing 45.8% year on year.


Accordingly, the supply of the hotel market as of the first 6 months of 2019 has increased by 20% year on year, reaching approximately 15,400 rooms from 121 3-5 star hotels. In the first half of 2019, the market had about 2,000 more hotel rooms. From the second half of 2019, more than 8,000 rooms will be put into operation.


Hotel market supply

Hình 1


Korean guests account for the majority of nearly 50% of international visitors, ranked second is Chinese guests accounting for about 19%, Thailand is ranked third with about 7%. The average length of stay for international visitors is 2.7 days.


Apartments are increasing attractiveness


Previously, the apartment segment was thought not to attract investors with resort villas or land plots, but the fact showed that the price and rent of apartments in Da Nang, especially coastal projects were upward trend. In the first half of 2019, the cumulative average absorption rate of the apartment segment was 94% and the average asking price was US $ 2,500/m2, an increase of 39% compared to US $ 1,800/m2 in H12018 due to limited supply. In the first 6 months of 2019, a project launched approximately 110 apartments, creating new supply and bringing the total supply to more than 5,300 units from 20 projects.


Supply of apartments for sale

Hình 2


In 2019, the new supply of the apartment segment is limited. It is expected that in the second half of 2019, more than 900 apartments will enter the market.


The villa is well absorbed


The total supply from 17 projects. Ngu Hanh Son District leads the supply with 92% market share from 14 projects. In the second half of 2019, 45 villas will enter the market.


Limited new supply and stable demand lead to high absorption rates to the present. A newly launched project in the first phase has been very successful thanks to the combination of factors such as beautiful location, close to the sea, reputation of the investor, operator, and legal.


Supply of resort villas

Hình 3


With limited coastal land fund, and the orientation to adjust the general planning of Da Nang city with one of two key directions: the Southeast - Son Thuy beach area, Ngu Hanh Son scenic area and Co Co river, In the future, the villa segment, in addition to coastal villas, is expected to receive more riverside villas.


Retail recorded a strong development of F&B


The total supply of retail space in Danang as of the first half of 2019 is approximately 212,000 m2, an increase of 20% year on year. The market has not only focused on shopping centers but also diversified development in both downtown and coastal areas with the market entry of three projects in Hai Chau and Ngu Hanh Son districts.


Retail sales reached VND 27.4 trillion, up 13% year on year. F&B industry has strong growth; Many F&B brands have not yet entered the Hanoi market but are already present in Danang.


Retail market operations

Hình 4


In the second half of 2019 and 2020, the market will receive nearly 96,000 m2, concentrated mainly in Ngu Hanh Son district - the coastal area, giving tourists and local residents new options in shopping entertainment activities.


Prospects


Danang is a tourist city with many natural and artificial advantages. Favorable weather conditions, with beautiful beaches, and diverse terrain to develop both sea, mountain and river tourism. Development orientation, planning are interested in investing in "quality" towards green urban space and sustainability. Transport infrastructure has developed synchronously.


Besides, high-class facilities such as golf course and casino help attract more tourists. Hotels will therefore be the segment with the most significant development in the future with a diverse supply; The area close to the sea does not have much room, so the area located on the Vo Nguyen Giap and Truong Sa coastal routes will have the opportunity to develop 3-4 star hotels.


According to Lan Nhi

Da Nang approved the environmental impact assessment report of the Information Technology Park Project

Da Nang approved the environmental impact assessment report of the Information Technology Park Project


The Management Board of the High-tech Park and the city's industrial parks said that the Ministry of Natural Resources and Environment had just approved the environmental impact assessment report for the centralized Information Technology (IT) in Da Nang. The project is implemented by Danang IT Development Joint Stock Company.


Accordingly, the project owner was allowed to operate the technical infrastructure with an area of 341 hectares, including a wastewater treatment system with a capacity of 4,800 m3/day and night and an emergency response lake of 7,000 m2. The environmental protection requirements of the project were compliance with technical regulations on noise, safety and environmental sanitation; collection and treatment of wastewater did not affect surface water and the ecosystem in the project area; Receiving investment projects must complete environmental impact assessment reports.


The project investor also implemented the relevant attached content; at the same time, made an environmental management plan for public posting according to regulations; reported on the results of implementation of environmental protection works for inspection and certification of completion before putting the project into operation.


According to the investor's report, the Da Nang Information Technology Park project has a total area of 341 hectares and a total investment of 2,744 billion VND in technical infrastructure. In particular, the first phase of the project had an area of 131 hectares and an investment of 1,062 billion dong, which was constructed in 2013, so far has completed 96% of the construction and inaugurated on March 29. Currently, the project's power supply system has been connected to the 110kV power station of the High-Tech Park.


A clean water supply system has been connected; The wastewater collection and treatment system was being connected to the High-Tech Park Wastewater Treatment Plant for treatment, because this station has only been receiving the treatment of very low waste water compared to the designed capacity. Currently, the construction units are urgently digging and constructing the drainage channel from the Danang Information Technology Park to the Hoa Lien flood drainage area...


The company proposed that Danang City will soon allocate land to implement the second phase of the project and create favorable conditions to call for investment in Da Nang Information Technology Park; At the same time, it proposed to the city to support investment promotion in the project.


In recent years, Da Nang Information Technology Development Joint Stock Company has cooperated with the City Investment Promotion and Promotion Board to meet with potential partners in Japan, the United States, France, Canada and Singapore... and promoted investment promotion projects.


Da Nang City People's Committee assigned the Legal Department to review, supervise and make recommendations on developing incentive mechanisms for businesses investing in the Da Nang Information Technology Park; Department of Economics - Budget supervises the proposal that the company be allocated land for construction of the second phase of the project; The Urban Committee discussed with the Department of Transport about the time to put into operation the bus route from the city center to the Danang Information Technology Park and the High-Tech Park to facilitate engineers and workers coming to work and create an environment to promote and call for investment.


Mr. Le Minh Trung, Vice Chairman of City People's Council, also proposed Da Nang Information Technology Development Joint Stock Company to provide more information on difficulties, problems and recommendations for the city to solve and solve.


Located at the front of Nam Hai Van bypass road, Hoa Vang district, Da Nang city, Danang IT Park (DITP) is conveniently located to ensure traffic to Danang City Center, airport, seaport, as well as Easy access to educational facilities, health and tourist destinations.


At the same time, the DITP position creates links between economic zones, hi-tech parks, Golden Hills urban area and other industries; helping form an economic corridor to the Lien Chieu deep-water port for international trade.


DITP has a total area of 341 hectares, total investment of more than US $ 120 million divided into 2 phases. Currently phase 1 with 131 hectares, total capital of 47 million USD has completed infrastructure, ready to serve investors. Phase 2 with 210 hectares, total investment capital of USD 74 million is expected to be implemented in 2019.


According to Nam Phong