The demand for apartments in Da Nang has surged recently
A recent report from batdongsan.com.vn indicates that real estate interest in Da Nang is experiencing a significant increase, surpassing previous peaks, and sale prices have reached new milestones.
Apartment listings for sale in Da Nang during the second quarter of 2024 increased by 56% compared to the first quarter of 2024, exceeding the peak set in the second quarter of 2023. Interest levels rose by 39%, and sale prices increased by 14%, reaching the highest in the Central region. The city, often referred to as the "most livable city in Vietnam, "is one of the few cities where apartment price appreciation and rental yields are both strong, ranging from 4.2% to 4.5%".
The Newtown Diamond complex on Truong Sa Street is receiving significant interest from customers as the demand for high-end apartments in Da Nang has surged in recent times.
According to data from batdongsan.com.vn, apartments are leading the Da Nang real estate market with a variety of new supply sources in terms of price and positioning, attracting investors from other provinces and cities, especially Hanoi.
In particular, the high-end apartment segment is a boost to the real estate market in this city with different sales price increases, interest levels and qualities. In the recent third quarter, the high-end apartment price in Da Nang set a new milestone as the selling price of many projects has reached over 100 million VND/m2 in the context of demand for high-end apartments in Da Nang simultaneously increasing in all four main customer groups.
Three out of these four customer groups have main requirements regarding price, area, internal and external utilities, surrounding environment and move-in time, including the first group, which are young families, elderly retirees buying houses for retirement or foreign experts living and working in Da Nang; the second group is parents buying houses for their children as assets, and the third group is people in densely populated districts of Da Nang who want to upgrade their accommodation from the ground to high-end apartments.
The last group is business people in Hoi An who choose a central location with convenient traffic connections to travel to Da Nang for entertainment and work in Hoi An. This group of customers often pays attention to bustling central areas or potential suburban areas that will strongly develop in the future.
Newtown Diamond is an ideal choice for both residential needs and investment opportunities
Despite being in a phase of strong growth, real estate prices in Da Nang are still considered attractive compared to Hanoi and Ho Chi Minh City, with significant potential for future appreciation. This is due to Da Nang being prioritized for real estate market development in the coming period, driven by substantial growth catalysts such as the Lien Chieu Port and the Da Nang Free Trade Center, coupled with its goal of becoming a leading event destination in Asia.
Understanding the desires of the four main customer groups mentioned above, the Newtown Diamond luxury apartment complex possesses all the elements to be considered a 'rare gem,' including its location near both the sea and a golf course, world-class amenities, and solid legal standing. It is ideal for those seeking a permanent residence with a daily resort-style living experience, as well as for investors looking to capitalize on the new growth phase of the coastal city of Da Nang.
Newtown Diamond is located next to My Khe Beach and adjacent to the world-class Legend Danang Golf Resort at the bustling commercial hub between Da Nang and Hoi An.
In addition to providing absolute legal peace of mind, the Newtown Diamond luxury apartment complex deserves to be the perfect destination for homeowners with its impressive open design and infinity views towards the sea or golf course, bringing a feeling of touching nature from every angle. This helps shape new lifestyle standards that are both modern and profound, situated on the diamond boulevard of Vietnam's most livable coastal city.
