An aerial view of a residential area in Da Nang City, central Vietnam. Photo: Truong Trung / Tuoi Tre
Revenue from real estate services for final consumption reached VND1.659 trillion (US$63 million) in April, up 21.4 percent from March and 9.8 percent from a year earlier, the Da Nang Statistics Office said on Tuesday in a report on socio-economic conditions for the first four months of 2026.
The agency said the sector continued to recover with transactions becoming more active.
For the January–April period, revenue from other service sectors totaled VND17.267 trillion ($655.77 million), up 16.6 percent year on year, with real estate services leading at VND5.995 trillion ($227.68 million), an increase of 18.4 percent.
The report said overall economic activity in Da Nang maintained a stable recovery trend, with industrial production growing compared with a year earlier, particularly in manufacturing and processing industries.
Trade, services, and tourism also remained active, supported by events, festivals, and rising numbers of domestic and international visitors, contributing to retail sales and service revenue growth.
Tran Van Vu, head of the Da Nang Statistics Office, said the property market was moving toward a more stable state, driven by end-user demand and supported by positive developments in planning, infrastructure, and project progress.
Investment flows have concentrated on segments such as apartments, townhouses, and resort real estate, particularly in riverside, coastal, and central areas, he said, adding that the market was showing clearer segmentation across segments.
Property consultancy CBRE said in a recent report that more than 8,000 new apartment units were launched in Da Nang during 2024–25, compared with fewer than 1,000 units annually before 2024.
Total apartment supply reached about 16,000 units by the first quarter of 2026, equivalent to around five percent of Ho Chi Minh City’s stock, with average primary prices at about VND83 million ($3,151) per square meter, while the market recorded a cumulative absorption rate of 89 percent, CBRE said.
Separately, the statistics office said Da Nang licensed 2,340 new enterprises and 225 branches and representative offices between the start of the year and April 20, up 46.8 percent in number and 62.0 percent in registered capital from a year earlier.