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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.
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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.
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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.
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Most notable launch of vacation property in H1 2019 was from Fusion Residences Da Nang, which garnered significant attention from the market.
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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.