Dubbed the paradise of travelers, Da Nang emerged as an attractive investment destination for private apartments, villas for rent. The wave of investment, especially apartment for rent is taking place strongly in Da Nang to meet the needs of tourists, who will flock to the city before and after the APEC Da Nang 2017.
Paradise for tourist
Along with the rapid socio-economic development, the coastal city of Da Nang has changed a lot over the past decade to become “the most deserved-to-live place of Vietnam”. Owning one of the most charming beaches, Danang is also the first to mark the first place in the tourist destination in 2016.
In the first months of 2017, the market of apartments for rent in Danang Vietnam witnessed an unprecedented fever with a series of landings projects. The sale of these projects created waves and attracted thousands of investors from Saigon and Hanoi.
According to the State of the Department of Culture – Sports and Tourism City, in the first quarter of 2017, Da Nang attracted nearly 900,000 visitors, up 17.3% compared with 2016. The number of domestic and foreign tourists are expected to continue to increase strongly in the previous years, especially the ones, who wants to rent an apartment for long term staying.
As an attractive destination, Danang has become an ideal destination for investment in the market of Vietnam apartments for rent, which is the first investment from many countries, other city (major is Hanoi).
There are many options for buyers and tenants in Son Tra – Dien Ngoc. Feeling dizzy with crowded hotels and resorts, many families want to rent an apartment or villa for short breaks in Da Nang. Rental fee at Hyatt Regency Danang, The Ocean Villas, etc in the summer is always high, at a price of 4 – 8 million Vietnam Dong per night for a 2 – 4 bedrooms apartment.
Point of view from the professionals
Another attractive detector but less known is apartments for rent in Danang Vietnam. Recently, many corporations, big companies have come here to invest in business, many foreign experts or personnel from other places moved to Da Nang or neighboring places (Hoi An, Lang Co, etc.) to work.
The people of Danang, especially the young, are also aiming for higher quality of life. Do that, the trend of rent an apartment in the center has become ubiquitous. Families with husband and wife usually choose 2-3 bedrooms apartments to facilitate their lives.
To have an apartments for rent in Danang Vietnam of the central area is still an affordable option for investors comparing to resort products. Azura apartments are offered for sale at 25 million Vietnam Dong per square meter, Harmony tower at 919 million Vietnam Dong per unit, so as many Hanoi customers are interested in the apartments for rent in Danang Vietnam.
With this level of investment, investors can expect quite high earnings from rental activity (8.6% in Azura and 9% in Harmony). Especially, the rental apartments here create stable revenue by month and by year, not only by season as with resort products.
Mr. Matthew Powell, Director of Savills Hanoi said: “Savills recorded the extreme reaction of Hanoi customers with the need of rent an apartment in Da Nang because the products have diversified chemical type and logical type. We are getting more interest for apartment products at between 1-3 billion Vietnam Dong per unit and villas priced at 5-6 billion Vietnam Dong per unit here”.
The ideal start to exploit the lease, the first owner also offers many incentive programs for investment. In April 2015, Harmony Tower made a commitment to 9% of the program, with many incentives for package content and homeownership for the project.
The number of real estate transactions has continuously increased, the rate of tourism growth in recent years leading the country, along with the planning vision and many important events will take place, the real estate market in Da Nang promises a vibrant year ahead.
Thang Tran – Mogi.vn
