Version: CN
One of Vietnam’s highest-selling real estate agencies is expanding with the launch of its third office in Da Nang; joining the existing Hanoi and Ho Chi Minh City offices.
Kashif Ansari, Co-Founder and Group CEO of Juwai IQI, highlighted that the beauty of the region is no secret to both local and overseas buyers, due to its beautiful sandy beaches, modern infrastructure, and a thriving real estate market.
Da Nang provides a range of new opportunities. The city is undergoing a construction boom, with 13 new housing projects approved just this year to-date, worth some VND17,000 billion.”
Kashif Ansari
Kashif also explained that Da Nang racked up to 2.5% growth in GRP last year. That expansion is attracting foreign investment, leading to 104 new foreign-invested projects being licensed in 2023.
This inflow of capital stimulates the economy and creates new demand for commercial and residential property.
Moreover, as it is a tourist city, Da Nang’s rental room exploitation rate is quite remarkable (up to 7-8% per year) compared to Hanoi or HCM (around 4-5% per year).
But that’s not all, Kashif also pointed out that Da Nang offers a range of new opportunities. As the trend of compact urban development drives increased demand for high-rise housing, the city is experiencing a construction boom.
As a result, over 4,000 apartment units are currently for sale with a 90% liquidity rate, and 13 new housing projects worth a staggering VND17,000 billion have been approved this year.
In addition, the resort market is also undergoing a resurgence, with premium projects from renowned international brands such as Nobu Hospitality, Fusion, InterContinental, Mandarin Oriental; gaining substantial investor interest.
Da Nang’s strategic initiatives and favourable policies are creating a conducive environment for visionary investors, and prestigious events like the APEC conference, big weddings of billionaires, and the recent Gulfstream Customer Conference with 50 billionaires organized in Da Nang are boosting the city’s profile.
On the other hand, Juwai IQI Co-Founder and Group Managing Director, Daniel Ho, said Juwai IQI will provide significant support to the new team in IQI VIetnam’s Da Nang office.
IQI Vietnam is a high-powered team, and we help them achieve their best by providing access to a global audience via our property portals, Atlas super-app, and AI powered backend services.”
Daniel Ho
Daniel also noted that no purely domestic agency in Vietnam has access to the technology, global network, and resources that IQI Vietnam has at its fingertips.
The impressive expansion of IQI Vietnam highlights the effectiveness of its leadership team.
Thanks to Country’s Head Dustin Trung Nguyen, La Kim Mỹ Duyên, Nguyen Minh Thu and their team for steadily lead the operation of IQI Vietnam in Hanoi, Ho Chin Minh City and now Da Nang.
We have already proven ourselves in Vietnam’s two biggest cities. Now, we are working with buyers, renters, and developers in Da Nang, which has one of the country’s most dynamic real estate markets and is seeing a sharp increase in both buyer demand and selling prices.
Dustin Trung Nguyen
With the addition of its third office in Da Nang, IQI Vietnam is set to position itself to thrive in a fast-evolving market where skilled professionals can truly make a meaningful and lasting difference in the Land of the Blue Dragon.
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