First half GDP up 8.1% over 1H/2016.

Registered FDI surged 269.5% year on year (YoY) with US$14.3 million disbursed.

Nearly 2,400 new businesses were established.

Retail sales up 17.1% YoY to US$ 2.1 billion.

International visitors up 72.2% YoY to 1.2 million. Total inbounds up 33.2% YoY.

1H/2017 credit growth of 7.5% a 6-year high.

RETAIL: Softer Performance

Total retail stock increased 17.3% YoY with the new F Home shopping centre entry in Q3/2016 and Nguyen Kim supermarket reopening in Q4/2016. Hai Chau district remained the largest supplier with a 35% market share, followed by Thanh Khe district with 30 percent.

First half average ground floor rent eased -0.2% YoY and occupancy decreased -1.7 ppts YoY, mainly due to slightly weaker performance in the retail podium segment.

No supply is expected to the end of the year. Three projects with 22,000 m² are scheduled for 2018. Future supply will be mainly concentrated in Hai Chau district.

OFFICE: Increased Rent But Decreased Occupancy

Total office stock increased 6% YoY with one project closure and another opening. Hai Chau district has 74% of stock.

Average rent gained 11% and occupancy decreased -4 ppts YoY to 87%. Grade C had improved performance but Grade A softened a little.

In the second half, no new project is expected. Next year, one project with more than 3,000 m² is scheduled to launch in Hai Chau district.

For more information, click 01092017 – Savills Vietnam report on Da Nang real estate market H12017- EN  and 01092017 – Savills Việt Nam báo cáo tình hình thị trường BĐS Đà Nẵng H12017- VN


In the toolbar of this website, click on “NEWS” for the drop down menu which includes: