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Big businesses pour billions of dong into land purchases in Da Nang


Big businesses pour billions of dong into land purchases in Da Nang
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 01/04/2021
  
18:10
GMT+7
While other land markets are hot, Da Nang remains very quiet, prompting many investors from Hanoi and HCM City to collect land plots in advantageous positions in bottom fishing deals.
Hoang Van Tam from Hanoi frequently flies to Da Nang on weekends to seek investment opportunities there. His business as a medical equipment trader provides a stable financial source and he wants to set up a branch in Da Nang.
After a period of seeking land for his office, Tam has a better understanding about the local real estate market. Realizing that prices are relatively good, Tam decided to buy two land plots valued at VND3 billion. ....

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