By 2030, Da Nang will have more than 1.5 million people, a large space of high-end real estate in Da Nang

DNHN - Da Nang will be home to more than 1.5 million people by 2030. With the number of people moving to Da Nang rising and the need for a high quality of life rising, there is plenty of opportunity for luxury, contemporary, fully functional real estate

Housing demand is rising both in terms of quantity and quality.

According to the 2019 Census, Da Nang is home to roughly 1.1 million people. Da Nang's population grew by more than 250,000 during the ten years between 2009 and 2019, with an average growth rate of 2.45%.

The number of foreigners moving to Da Nang to live and work has been on the rise recently, and it will reach 4,800 individuals in 2021. The overall number of foreigners registered to temporarily dwell in Da Nang in the first half of 2022 is close to 76,000, up more than 31,000 (or nearly 70%) from the same period in 2021. The majority of these visitors are from Korea, the US, Japan, Australia, and the UK. This is a hint that Da Nang is steadily moving towards becoming a desirable place for foreigners to live and work. The majority of the foreign residents in Vietnam reside in Da Nang. More than 11,000 Koreans, in particular, live in Da Nang.

In Da Nang, demand for housing is growing both quickly and in terms of quantity and quality. Mr. Eric Park, Chairman of the Korea Real Estate Services Development Association, shared at a recent real estate conference that "the number of Koreans living and working in Vietnam is now expanding every year. For this particular set of visitors, there is an increase in demand for lodging, office space, and entertainment.

Mr. Eric Park asserts that similar to Korea, Vietnam's high-end projects should concentrate on developing distinctive experiences. To ensure the success of a high-end real estate project, developers need to pay close attention to the project's location. Giving customers a lot of value through "tailored" offerings would help us win their confidence and love, the expert emphasized.

By 2030, more than 1.5 million people will live in Da Nang, according to the Resolution on the Planning of Da Nang City for the Period of 2021-2030 with a Vision to 2050. Over 90% of the world's population now lives in metropolitan regions, which have an average floor area of 32 square meters. Because of this direction, Da Nang has a very significant housing development and living space to accommodate the rising needs of international intellectuals, businesses, and specialists. Da Nang will construct 75 projects totaling more than 67,000 units as part of the city's goal to create commercial housing between 2021 and 2025; the total floor area of the homes will exceed 8,264m2, and the project's land area will be 2,553ha.

Excellent space with the enhanced value from Da Nang real estate

Frequent comparison of Da Nang to "Singapore of Vietnam" is. International inhabitants are becoming more involved in the economy, finance, tourism, services, real estate, and quality of life of the Lion Island nation as a result of its immense allure.

Using Singapore as an example, Cushman & Wakefield Inc. claims that land values there have climbed dramatically over the past 50 years, increasing the wealth of owners and their heirs. The world's wealthy are also consistently investing in Singaporean real estate. Despite the challenging economic environment, rental prices are currently anchored at a high level and are steadily rising in the island nation. Private residential property prices have now climbed by 29.7% year over year, based on information from the Singapore Urban Redevelopment Authority's rental index.

Shine on Da Nang! This youthful city is expanding quickly, integrating with the global development trend, and receiving a sizable number of new people from both domestic and international immigration. As a result, there is still more space for the real estate market to grow and improve, in both the sale and rental categories.

Sun Group, which has been "beautifying" Da Nang for the past 16 years with a strategic vision, quickly recognized the need for a high-end real estate model with complete utilities that would cater to the needs of an ever-higher standard of living. while also assisting in the expansion of the Da Nang real estate industry to new heights. Sun Group has therefore introduced the high-end real estate brand connected with Sun Property to the Han River city after two well-known brands, Sun World and Sun Hospitality Group, have been affiliated with Da Nang since the early days.

Following the debut of the upscale urban area project Sunneva Island in 2022 and the "integrated city" complex in Southeast Da Nang, it is known that Sun Property would shortly unveil the Sun Cosmo Residence Da Nang project using the present compound complex format. Near the fabled Han River, at the junction of major thoroughfares, and the entrance to Nguyen Van Thoai Street—a destination that draws visitors and foreigners from all over the world for its entertainment, services, and cuisine—is a modern and completely equipped building. The project promises to introduce a brand-new, upscale way of life that will satisfy the high standards of living that successful locals and visitors to Da Thanh want.

"Sun Property dedicates itself to developing a new high-class living standard in the center of Da Nang to sublimate living values. This is a colorful, contemporary real estate development on the last remaining parcel of land along the Han River. It serves as a portal to a bustling, exciting world and aids in drawing tourists from around the world to Da Thanh. According to Mr. Nguyen Cao Cuong, Sales Director of Sun Property, "We believe that Sun Cosmo Residence Da Nang will simultaneously meet the living and investment values of successful residents thanks to the advantage of a great position in the city center and a groundbreaking multi-function design.

A high-end property developed by Sun Property, the top real estate developer in Vietnam, will soon be available in Da Nang, adding to the market's supply of high-quality products with genuine value. a natural purifying process to confirm the status of trustworthy brands. resurrection after a quiet period.

Nguyen An