Savills: Danang Tourism Property Market Taking Off

December 9, 2009 Posted by Vietnam Briefing Reading Time: < 1 minute

Dec. 9 – The central coast city of Danang’s tourism property segment is emerging said real estate company Savills Vietnam.

Savills said that projects for villas are emerging quickly in the area with developments along the Son Tra-Dien Ngoc coastal road from Danang to Hoi An to be finished in a few years time.

Most villas have been so far located in the Ngu Hanh Son and Son Tra districts with 218 villas and 630 apartments for sale from various projects. Notable projects include The Ocean Villas, Hyatt Regency Danang Resort & Spa, and Blooming Tower. The Furama project is slated to offer 134 villas for sale by the end of the year.

Danang’s beach is also being developed with 13 projects and 670 villas expected to be completed in addition to 15 apartment projects that will offer an estimated 7,600 apartments until 2015.

The city is a port area located in the central Vietnam. It is the third largest city in the country after Ho Chi Minh City and Hanoi and is a major export area.