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Da Nang is a coastal metropolitan city of many attractions and it has both the liveliness of a modern city and the quietness of a small town. Positioned between the ancient port of Hoi An and the “Imperial Capital” of Hue, the city has both history and beauty. Whether it’s the culture, the beaches, outdoor water sports activities or recreation, Da Nang has something to suit everyone’s interests.
Da Nang, a south-central coastal and port city, is the main commercial, education and tourism hub in the region. It’s in an advantageous location, being very close to the great Truong Son mountain range, and the magnificent Son Tra Peninsula. Han Van Pass is a twenty-kilometer piece of road that joins the city of Da Nang and Lang Co in Hue Province, and was once part of the top 10 “great scenic drives around the world.”
Da Nang’s growth rate has been higher than the average of Vietnam’s annual growth rate of seven percent. A Financial Times report pointed out, that Da Nang has the best investment environment and infrastructure in Vietnam compared to Hanoi and Ho Chi Minh City and due to its economic growth, there are plenty of Job opportunities. It’s one of the top performing cities of the country and maintains an excellent policing system, with no beggars, drug peddlers or addicts, and almost no traffic jams with its wide roads. All of these reasons are why this city is fast becoming a hot destination for domestic as well as foreign tourists.
Learn more about the Da Nang condo market through trends and average prices.
The Property options in Da Nang are quite varied, ranging from modest apartments and houses to spacious condos and villas. Expats prefer condos as they have the same amount of interior space as large independent houses and villas, but at the same time are available with many amenities like fitness centers, swimming pools, bars, 24/7 security, reception desk and much more.
Condos are available in many types, with single to 5 bedrooms
A new one-bedroom condo is available at a price as low as USD 75,000, and a two-bedroom condo is available for USD 100,000 – 150,000. Since the Vietnam real estate market is open to foreign investors, you can own more than one unit in a condo, provided the total occupancy of foreigners in a condo does not exceed 30%.
Da Nang is comparatively a smaller city than Hanoi and Ho Chi Minh cities. The Han River passes right through the middle of the city and separates the city into two sides, the Western Side and the Eastern Side. It’s also divided into four distinct areas, with the regions belonging to one of the two sides.
Da Nang has the reputation of one of the cleanest cities in Vietnam. It’s challenging to find litter anywhere in the city, and the local government enforces stringent non-littering laws. A robust civic sense and good leadership ensure that all development is done to a high standard.
Pretty much the entire stretch of beach in the city is open to the public, and there have been a lot of development activities taking place on the beaches to tap into the growth potential.
Da Nang boasts two world-class golf clubs located almost across the street from each other, to cater to the tourists. Besides the beaches, the city offers enough diversity with the riverfront promenade that extends for the entire length of the city center. You’ll find plenty of good food on the promenade, whether it’s simple food or fine dining.
There are large numbers of supermarkets and department stores as well as traditional markets. The new Vincom Mall on the east side has an ice-skating rink and a cinema, and also four floors of shops.
The cost of living is quite moderate in the city. It offers the residents a high standard of living for a small percentage of the price.