The Da Nang area of Vietnam saw improved sales performance during Q3 2015 according to the latest research report publisged by real estate firm Savills.
The firm noted that during the third quarter of last year Vinpearl Danang launched the second phase with 150 dwellings. Villa stock increased to 1,200 units from 17 projects, following an additional 146 units from Euro Village.
It noted that primary residential stock was up by 50 percent quarter-on-quarter to 725 dwellings from 11 projects, while secondary stock rose by 50 units to 474 from 16 projects.
There were no apartment launches in the market during the survey period.
Primary stock was down -16 percent quarter-on-quarter to 600 units, while secondary stock was up 5 percent to 2,519 units.
Developer and management reputation, proximity to the beach and the city centre were noted by Savills as being key contributors to good sales during this quarter.
It said that people from Hanoi, as well as overseas Vietnamese and foreigners remained the key buyers. In addition, attractive sales policies, such as guaranteed minimum annual returns from rental pool programmes helped to drive sales.
Hai Chau district remained the top future apartment supplier, with 75 percent of the market share.
Most future villa and apartment projects are in the process of planning or are pending, and do not have clear construction schedules, according to Savills. However, with recent positive market sentiment Savills said that it expected that various projects will have launched by the end of last year and during the first half of this year.
To read the full Savills Vietnam Da Nang Q3 2015 Market report click here.
Image: For sale at US$485,185 through Savills Vietnam is Naman Residences in Truong Sa Road, Da Nang City.
