The Savills Blog

Top 5 properties in Hanoi & Da Nang

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As the second and third largest cities in a nation in the midst of a transformative investment boom, Hanoi and Danang are incredibly active centres of development. Infrastructure expansion, positive legal and policy installations, and the growth of trade engagements has warmed investor confidence substantially, and in turn accelerated both the development and absorption of residential property.

While caution remained key to international developers, domestic developers proceeded at a pace that could be accurately described as frantic, throwing up projects to satisfy the burgeoning demand of an emerging market.

The political centre of Vietnam has witnessed strong movement to western districts Cau Giay and Tu Liem.

In 2H/2016 alone, Savills Vietnam expects the development of a small city, 22,000 apartments from 41 projects.

 

In spite of the area’s inherent attractiveness, the CBD remains king. With advantages of location and proximity to key facilities, few areas offer comparable development value.The most liveable city in Vietnam and the most developed coastal market, Da Nang has become a magnet for tourism and investment. Recent investments have moved beyond hospitality to more traditional property segments.

           Let’s take a look at 5 key projects in Hanoi and Danang:

 1   Hanoi Aqua Central

Situated in the Hanoi Old Quarter, with immediate access to key destinations, Hanoi Aqua Central is one of the most desired addresses on the market with a 5-star hotel and a 21-storey residential tower. An elegant combination of high standards, modern living environment and central location delivers an urban haven with enduring investment value.

  • 44 Yen Phu Street, Hanoi Apartments, Penthouses | 3-4 bedrooms (117 – 146 sq m)
  • Facilities: Retail podium, indoor swimming pool, gym, outdoor playground, kindergarten and sky bar
  • Price: Upon request
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 2   Watermark

Located in the West’s Cau Giay District at a foremost and exclusive address along the West Lake shoreline, Watermark is an apartment-retail complex that delivers a balance of facilities and convenience required for modern living.

  • 395 Lac Long Quan Street, Nghia Do Ward, Cau Giay District, Hanoi
  • Apartments, Penthouse | 1 – 4 bedrooms (54.5 – 378 sq m)
  • Facilities: Outdoor pools, spa, gym, restaurants and supermarket
  • Price: From VND 46 mil/ sq m (approx. US$2,100/ sqm)
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 2  Luxury Apartment

Luxury Apartment is a Grade A coastal high-rise project located along Danang’s prestigious “5-star Boulevard”. Apartments overlook the beach, Danang Bay, Son Tra Peninsula and the city skyline. With high-class facilities, modern interiors and fully furnished rooms, Luxury Apartment is an ideal place to live and a welcome destination for a weekend retreat or family holiday.

  • Vo Nguyen Giap Street, Son Tra District, Danang
  • Apartment | 1 – 2 bedrooms (60 – 100 sq m)
  • Facilities: Infinity pool, spa, gym, restaurant
  • Price: From VND 39 mil/ sq m (approx. US$1,734/ sq m)
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 2  The Ocean Suites

The Ocean Suites is a nine-storey oceanfront apartment complex comprising 70 high-end apartments, featuring spectacular views overlooking the beautiful East Sea and the Cham Islands. Each apartment is delivered fully-furnished with premium brands and high-end fixtures, fittings and appliances. Residents of The Ocean Suites will enjoy a dedicated swimming pool and other 5-star facilities of The Ocean Resort.

  • Truong Sa Highway, Ngu Hanh Son District, Danang
  • Apartment | 1 – 2 bedrooms (84 – 104.5 sq m)
  • Facilities: White Caps Beach Club & Bistro, Golf Club, beachside pool, children’s pool, tennis courts, various playgrounds and spa
  • Price: From VND 1.7 billion (approx. US$76,000)
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 2  The Ocean Estates

The Ocean Estates is a private community within the largest resort complex in Vietnam’s Central Coast – The Ocean Resort. The project consists of 33 oceanfront villas facing the East Sea. Properties feature floor-to-ceiling glass terrace doors, outdoor salons and swimming pools, with terraces and balconies connecting most common areas and bedrooms.

  • Truong Sa Highway, Ngu Hanh Son District, Danang
  • Resort villas | 3 – 5 bedrooms (920 – 1,300 sqm)
  • Facilities: White Caps Beach Club & Bistro, Golf Club, beachside pool, children’s pool, tennis courts, various playgrounds and spa
  • Price: From VND 16 billion (approx. US$711,000)
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