Da Nang’s real estate sector saw nearly 37% revenue growth in the first two months of 2026, despite a seasonal slowdown during the Lunar New Year holiday, according to a report released by the Da Nang Statistics Office on March 16, 2026.
Total revenue for other service sectors in Da Nang during February reached over 4 trillion VND, a decrease of 4.8% compared to the previous month. However, this figure represents a nearly 15% increase year-on-year, indicating a sustained market vitality driven by shopping, entertainment, beauty, and tourism associated with the Tet holiday, as well known as the Lunar New Year.
The report indicated that the early-year cautious sentiment and the extended holiday period led to a slowdown in growth for certain sectors, including real estate and education/training, compared to January. Nevertheless, these sectors still recorded positive growth compared to the same period in 2025, benefiting from a post-Tet recovery and increasingly segmented market trends.
Real estate business services contributed approximately 1.5 trillion VND to the February total, a roughly 12% decrease month-on-month, but a significant increase of over 29% year-on-year. Over the first two months of 2026, total revenue for other service sectors reached 8.217 trillion VND, a 18.5% increase compared to the same period in 2025.
Within this broader figure, real estate business services led with 3.132 trillion VND, a 36.4% increase, followed by arts, entertainment, and recreation services (1.671 trillion VND, +12.1%), education and training (934 billion VND, +5.2%), administrative and support services (973 billion VND, +8.3%), and health and social work activities (724 billion VND, +7.3%).
The Da Nang Statistics Office analysis highlighted the seasonal nature of the February real estate trends. The month-on-month decrease is attributed to the Lunar New Year, a period when individuals tend to postpone large transactions and legal procedures. However, the year-on-year growth demonstrates a transition from rapid expansion to a more stable phase, with distinct variations across different segments of the market.
The apartment and condominium sector continues to play a crucial role in meeting both actual residential demand and the demand for skilled labor, driving new supply. Looking ahead, the Da Nang Statistics Office anticipates that the city’s advantages – its port, logistics infrastructure, and focus on high-tech development – will support continued sustainable growth in the real estate market, positively impacting the service sector.
Recent reports indicate that discussions surrounding the real estate market were a key topic of conversation during the Lunar New Year holiday, with both the ruling and opposition parties offering differing interpretations of public sentiment, according to a February 18th report from Yonhap News TV. The ruling party claimed to see signs of economic recovery, while the opposition argued that the holiday revealed widespread public dissatisfaction, particularly regarding housing affordability.
