Vietnam’s international financial centre was recently established in Danang, opening new opportunities to attract global capital flows and accelerate regional economic development. The city is also expected to draw investment into major infrastructure and urban development projects, creating fresh momentum for the real estate market.
Part of a land site on the approach road to Thuan Phuoc Bridge within Vietnam’s international financial centre in Danang City (Photo: Hoai Son).
Research data from the Vietnam Association of Realtors (VARS) showed that property prices in Danang have risen sharply over the past three years, especially in the apartment segment.
The group said apartment price indexes had increased by around 68 per cent compared with the first quarter of 2019, exceeding the growth rate seen in Ho Chi Minh City. Primary selling prices for new projects now average about VND 83 million (approximately USD 3,190) per square metre, up 14 per cent from 2024.
In the land-linked property segment, including townhouses, villas and land plots, the market has shifted into a more stable phase.
According to Avison Young, prices in central and near-central Danang range from USD 5,000 to USD 8,500 per square metre, while areas further from the centre record prices of USD 2,800 to USD 4,000 per square metre.
The consultancy said urban expansion and the reshaping of city planning had attracted strong investment flows, pushing prices in many areas to record highs.
Northern wards such as Lien Chieu and Hai Van are emerging as new economic and financial centres, with prices around 10 per cent lower than southern areas.
Meanwhile, the leading zones remain Ngu Hanh Son, Son Tra and Hoa Xuan, with growth gradually spreading south towards Dien Ban Dong Ward.
DKRA Group also recorded rising prices in the Danang market. In the land plot segment, primary prices in the first quarter rose about 7 per cent from a year earlier. On the secondary market, prices increased by an average of 22 per cent.
It said scarce new supply and rising demand from owner-occupiers had supported positive growth in both prices and market liquidity over the past year.
In the townhouse and villa segment, supply surged fivefold from the same period last year, although the increase was localised and largely came from a newly launched large-scale project. Market demand rose sharply to its highest level on record.
Average primary selling prices rose 10 per cent year on year. The secondary market also posted an average increase of 6 per cent compared with the end of 2025, with gains concentrated mainly in completed projects with clear legal status and convenient infrastructure links.
VARS said the supply structure remained imbalanced. In 2025, the market recorded about 13,700 newly launched housing units, up 80 per cent from the previous year, but 76 per cent were apartments, while low-rise products accounted for only about 4 per cent.
This mismatch is creating a sizeable gap in the market as demand rises for land-linked products that can be used both for living and for business.
For the second quarter, DKRA forecast that new land plot supply would remain scarce, with only about 400 to 500 units expected to be launched, mostly from later phases of existing projects.
The townhouse and villa segment is forecast to see about 1,500 to 2,000 units launched, mainly concentrated in Hai Van Ward, with demand expected to focus on large-scale projects backed by major developers.
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