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CBRE Vietnam – Da Nang MarketView H1 2019
 

Steep Drop In Launches As

 

 

 

Regulatory Uncertainty Persists

Vietnam GDP
H1 2019
6.76% y-o-y
Da Nang GRDP
H1 2019
6.21% y-o-y
Tourist Arrivals
H1 2019
15.1% y-o-y
New Flights
H1 2019
7 new flights

 

*Arrows indicate change from the same period of the previous year.
In H1 2019, Da Nang’s GRDP growth was recorded at 6.21% y-o-y, lower than expected. However, registered FDI increased by more than 10 times y-o-y.
Regulatory uncertainty persists, which resulted in inactivity across all sectors, with the exception of hotel sector. There were 5 new four-star hotels that came into operation in H1 2019, while pipeline also looks strong.
Most notable launch of vacation property in H1 2019 was from Fusion Residences Da Nang, which garnered significant attention from the market.
On the bright side, some long pending projects were reactivated, such as Central Coast or Blooming Tower. After this slowdown period, the market is expected to make a comeback with more vitality and will develop more sustainably in the long term.
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Information about the property and its availability are subject to change without notice.