Investors in Saigon and Hanoi prefer Da Nang real estate

People interested in the resort real estate segment in Danang come mainly from Hanoi and Ho Chi Minh City.


Batdongsan.com.vn has just published a report on the behavior of real estate investors in the Da Nang market in the third quarter of 2019 with the reception of potential customers from the two largest cities. Countries: Ho Chi Minh City and Hanoi. The level of interest in Danang resort real estate by investors in Hanoi and Ho Chi Minh City accounts for 64.5-75%, surpassing the rest of the market.


In the condotel segment, resort apartments in Da Nang, internet users from Hanoi have the proportion of investors interested in reaching 47.3%, Ho Chi Minh City ranked second, reaching 27.7%, the rest allocated about other regions and provinces. Meanwhile, in the villa and townhouse segment located along the coast of Da Nang, the level of interest from investors in Hanoi accounted for 36.2%, HCMC reached 28.3%.


This survey unit said that this level of interest is statistically from online real estate markets with Big Data based on the search behavior of internet users.


Danang real estate market. Photo: Nguyen Dong


In terms of geography, the search for Danang resort real estate by investors from Hanoi leads the country and is slightly higher than investors from Ho Chi Minh City. This trend has been shaped and strengthened over the years. In many other resort real estate markets across the country, especially in areas where land fever has occurred, Northern investors have always actively sought and sought opportunities with the highest frequency.


Differences between the real estate market in Danang and Ho Chi Minh City and Hanoi are also published in this report. Specifically, the average area of apartments in this coastal city is 57 m2, very small compared to Hanoi (92 m2) and Ho Chi Minh City (84 m2). Meanwhile, the average area of individual townhouses in Danang is approximately equal to Hanoi but about 30% smaller than HCMC.


The data shows that although Da Nang's land bank is still plentiful, housing tastes in this market are preferring small real estate while Ho Chi Minh City and Hanoi have urban development land funds which are shrinking. Large housing area is more common.


In the third quarter of 2019, Da Nang leads the country in the level of interest, looking for resort real estate, followed by Nha Trang, Ba Ria - Vung Tau.


According to Vu Le