In July 2019, Savills Vietnam celebrated the 3rd anniversary of the Da Nang office. Savills has maintained an active presence in the city through various events, regular market research reports, and an increasing number of business transactions across all property sectors.

The Savills Da Nang office offers the full platform of real estate services provided in both Hanoi and Ho Chi Minh City: research, valuation and development advisory, commercial and residential property management, office and retail agency services, tenant representation, investment advisory and brokerage, as well as residential project marketing and leasing. 

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The Da Nang team currently includes residential sales, on-site project management teams and central management personnel; such as Business Development and Marketing & Communication. In the high-end residential market in Da Nang, Savills’s residential sales team is leading sales efforts with a large number of transactions for luxury projects; such as X2 Hoi An Resort & Residence, Fusion Resort & Villas Da Nang, Wyndham Soleil Da Nang, and TMS Luxury Hotel Da Nang. The Commercial Leasing team successfully advised Framgia on its relocation of the Da Nang office to the Fhome building, at 16 Ly Thuong Kiet Street, Hai Chau District, Da Nang. The Property Management team has added to Savills growing management portfolio by landing several residential and commercial projects such as: Alphanam Luxury Apartment, Bach Dang Complex, Blooming Tower, and Sky Premier Residences.

Ms. Le Thi Kim Hoa, Head of Agency Savills Da Nang, is currently leading the Da Nang team. After her success with Hoang Anh Gia Lai Real Estate in Myanmar, Ms. Hoa returned to Savills with extensive expertise and in-depth insights on the Vietnam and Indochina property market. Ms. Hoa’s appointment is expected to strengthen Savills business in Da Nang as well as add further depth to the property services provided in the Central region. 

Matthew Powell, Director of Savills Hanoi, stated: “Establishing our presence in the central region with an office, and local teams has greatly contributed to the increased number of business transactions and the expansion of our property portfolio, client database, and track records.” 

“Da Nang property market is expanding rapidly, with various new projects across all sectors coming online within the next two years. According to Da Nang Market Brief 2H2018, in 2019 the coastal city will see four retail projects, 2,200 three-to-five-star hotel rooms, more than 900 apartments and 45 second home villas enter the market. The condotel sector is also expected to welcome 16 future projects from 2019 onwards; while four office projects, mostly located in Hai Chau district, will come online from 2020 onwards. As Da Nang property market continues to thrive, Savills Vietnam will continue to offer our full platform of services to cater its strong development,” said Powell. 

Source: Savills 

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