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(Construction) – High-end apartment complexes such as Newtown Diamond located in the heart of connecting Da Nang and Hoi An are becoming ideal residential options when the demand for buying apartments to live in and invest in Da Nang has increased sharply recently.
Demand in the Da Nang apartment market has increased sharply in recent times
Recent reports from batdongsan.com.vn show that the level of real estate interest in Da Nang is increasing sharply, surpassing past peaks and selling prices have set new milestones.
The number of apartment listings for sale in the second quarter of 2024 in Da Nang increased by 56% compared to the first quarter of 2024 and exceeded the peak set in the second quarter of 2023; Interest level increased by 39%, selling price increased by 14% to the highest level in the Central region. The city known as “the most livable in Vietnam” is one of the few cities with both price growth and apartment rental yields at good levels, from 4.2 – 4.5%.
Also according to data from batdongsan.com.vn, apartments are the leading type in Da Nang’s real estate market with new supply that is different in price and location, attracting investors from other provinces, especially Hanoi.
In particular, the high-end apartment segment is a boost to the real estate market in this city with increasing prices, different levels of interest and quality. In the third quarter alone, the price level of luxury apartments in Da Nang established a new milestone when the selling price of many projects reached over 100 million VND/m2 in the context of demand for high-end apartments in Da Nang simultaneously increasing in all 4 main customer groups.
Three of these four customer groups have main requirements regarding price, area, internal and external amenities, surrounding environment and time to stay, including the first group is young families, elderly retirees buying nursing homes or foreign experts living and working in Da Nang; The second group is parents who buy houses to give to their children as assets and the third group is people in districts with high population density of Da Nang who need to upgrade their residence from ground level to luxury apartments.
The last group is business people in Hoi An who choose a central location connecting traffic to make it convenient to go to Da Nang to play and go to work in Hoi An. This group of customers often pays attention to busy central areas or suburban areas with potential for strong development in the future.
Newtown Diamond is an ideal choice for both residential needs and investment opportunities
Although it is in a period of strong growth, real estate prices in Da Nang are still considered attractive compared to Hanoi and Ho Chi Minh City with a lot of potential for price increases in the future when Da Nang is a real estate market prioritized for development in the near future with huge growth drivers such as Lien Chieu port and Da Nang free trade center, resonating with the orientation of becoming Asia’s leading event destination.
Grasping the wishes of the four main customer groups above, the Newtown Diamond luxury apartment complex converges all the elements to be considered a “rare commodity” such as possessing a location both near the sea and near a golf course, a high-class utility system, strong legal system…, ideal for the needs of settling down to enjoy the daily resort lifestyle and the need to invest in anticipation of the new growth phase of the coastal city of Da Nang.
Besides bringing absolute legal peace of mind, the Newtown Diamond luxury apartment complex deserves to be the perfect destination for apartment owners with its impressive open design, infinity views towards the sea or golf course, bringing the feeling of touching nature at every angle, helping to shape new lifestyle standards, both modern and in-depth, on the diamond boulevard of the most livable coastal city in Vietnam.
Van Le (Construction Newspaper)