Asia Market Research

Due to limited demand and supply, the office market in Danang is still not as developed compared to Ha Noi and Ho Chi Minh City. In terms of future supply, only Vietinbank building in Grade B has completed the construction in 2016, however, it is unknown whether the lease will come online. Other projects which include Hilton Bach Dang Complex and Vien Dong Meridien are either delayed or have stopped construction with no further announcement from the developers of a new schedule. However in 2017, with the Asia-Pacific Economic Cooperation (APEC) meetings held in Danang, many large infrastructure projects are due to complete in preparation, boosting further demand for office space.

Da Nang Market Insights Report - Condotel Sector | Q1, 2017

Due to limited demand and supply, the office market in Danang is still not as developed compared to Ha Noi and Ho Chi Minh City. In terms of future supply, only Vietinbank building in Grade B has completed the construction in 2016, however, it is unknown whether the lease will come online. Other projects which include Hilton Bach Dang Complex and Vien Dong Meridien are either delayed or have stopped construction with no further announcement from the developers of a new schedule. However in 2017, with the Asia-Pacific Economic Cooperation (APEC) meetings held in Danang, many large infrastructure projects are due to complete in preparation, boosting further demand for office space.
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This report was provided by Colliers International. For more information on Colliers International, visit their website at: http://www.colliers.com/en-gb/vietnam

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