Da Nang maintains old land price list for city proper, hikes prices in former Quang Nam areas

Da Nang City's People's Council has approved a resolution to keep the current land price list unchanged for the core urban area. This decision, which was presented for the second time, applies to the region historically known as Da Nang City. In contrast, for areas that were formerly part of Quang Nam province, the land price list approved at a previous session is set to be implemented, with prices projected to rise between 9% and 70% compared to current rates. The decision to maintain the existing land prices in the main city area is intended to ensure stability following the administrative merger, foster an environment conducive to investment, and stabilize business operations and residents' daily lives. Officials stated that this approach also upholds the principle of balancing the interests of the state, landowners, and investors, while still meeting current state management needs. The city government noted that Da Nang had already adjusted land prices twice in 2025, with average increases ranging from 10% to 170%. Therefore, the proposal to retain the current land price list and only supplement prices for newly formed roads was deemed appropriate. Under the current valuation, the most expensive street in Da Nang remains Bach Dang Street, specifically the section from Le Duan to Nguyen Van Linh, priced at over 340 million Vietnamese dong per square meter. The resolution also addresses price disparities in border areas between the former Quang Nam province and Da Nang City, and includes land price valuations for 87 newly formed roads.