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Danang villa prices range up to USD2m

CBRE Vietnam has recently issued a report on Danang real estate market in Q2-2016. In the first half of 2016, condotel market in Danang records a strong growth in term of supply, with over 2,500 units from six projects, in which 89pct comes from Vinpearl Riverfront Condotel Danang, Ariyana Beach Resort & Suite Danang, Alphanam Luxury Apartment, and B Precinct – Ocean Suite. According to Marc Townsend, managing director of CBRE Vietnam, both condotel and resort villa-for-sale markets saw positive movements in 2015 and H1-2016, especially in the growth of sales rate at newly-launched projects. Notably, resort projects managed by renowned managers and having sales programs with fixed profit commitments are showing teir attraction to buy-to-hire investors.