A series of shophouses in the center of Da Nang are covered with grass and degraded

SEE CLIP:

On May 25, present at Kim Long City project (Lien Chieu district), reporters noted, dozens of shophouses (commercial townhouses) on Nguyen Sinh Sac street, located right next to the sea, near the administrative center of the district, which is in a vacant state.

Due to being vacant for a long time, many shophouses here have begun to deteriorate, mossy, overgrown and sloppy grass. Some workers’ houses are surrounded by corrugated iron, used as temporary accommodation. Only a few have tenants for real estate business, coffee shops…

The slump is also taking place at the Halla Jade shophouse (Hai Chau district), the investor is the VN-Da Thanh Group Joint Stock Company. This row of houses is located in the center of Da Nang next to the Han River, Lotte Mart supermarket …, but many of them are left empty for a long time, overgrown with grass, creating a disheveled appearance.

According to the survey, in 2019 each apartment shophouse Here, it is rented for about 60 million VND/month, but now the rental price for a 3-storey apartment here has decreased, only ranging from 30-40 million VND/month. Although the rental price decreased, there were no tenants. Many shophouses are hanging signs for rent or for sale.

Talking about the reason why the shophouse rental capacity is low, Mr. Nguyen Van Trung – a real estate broker shared, besides the influence of the Covid-19 epidemic, the projects on the surrounding residents are still very few, the surrounding utilities are still very small. There aren’t many around, so it’s difficult for tenants to do business and trade.

Meanwhile, Mr. Tran Thanh Phuong – Director of an apartment rental company said that shophouses used to be popular with investors, with the benefits of being able to live in, do business or rent out space.

This person assessed that the shophouse segment for sale and rent in Da Nang has not yet recovered due to high rents and is located in new urban areas, sparsely populated, without built-in utilities, so tenants are not interested. . In the short term, the percentage of buyers and renters is very low.

Ho Giap