Da Nang Real Estate Briefing - 2026-03-31

Da Nang Real Estate Briefing - 2026-03-31

Da Nang is riding a genuine wave right now - not the speculative froth of years past, but something that feels more durable. Revenue from real estate services jumped 36.4% in the first two months of 2026 compared to the same period last year, apartment sales are running more than ten times higher than early 2025, and the city's long-anticipated infrastructure projects are finally breaking ground. The mood among developers and analysts alike is cautiously optimistic: this market is growing up.

1. New Project Launches

-Vinhomes Hai Van BayIs the headline act. This 512-hectare resort-entertainment-commercial mega-project in Hai Van ward has been in infrastructure construction since January 2026 (site prep is over 60% complete). On March 14, Vinhomes released its first official pricing for the Bach Van sub-district: starting from 5.2 billion VND, with a 36-month extended payment option. Vinhomes has also opened a dedicated sales office in Hanoi to pull in northern investors - a deliberate signal that they expect strong demand from outside the region.Source - Vietnam.vn

-Masteri Rivera Da NangMarks Masterise Homes' debut in the city - a big deal given the brand's luxury positioning elsewhere in Vietnam. Two 39-floor towers, 1,196 apartments ranging from one-bedroom to three-bedroom and Dual Key units, with handover targeted for Q3 2026. The project is listed on Christie's International Real Estate, giving it exposure to global high-net-worth buyers. It sits in Hai Chau district with river views across the Han, Cam Le, and Cau Do.Source - Da Nang Villa Realty

-Thuan Phuoc Urban Area(Futa Land JSC) broke ground in March 2025 on a 97.6-hectare site on the Son Tra peninsula. At VND 11.5 trillion (~$460M), it's one of the largest single developments the city has seen - billing itself as a "smart, low-carbon" luxury residential-commercial-entertainment hub, funded by SHB Bank.Source - The Investor

-AEON Mall Da Nang Thanh KheIs set to open this summer 2026 inside TTC Group's TTC Plaza Danang complex - a mixed-use development integrating a four-star hotel, offices, and apartments in the Thanh Khe district, just five minutes from the international airport. Over 45% of its ~50 planned tenants will be brands making their Da Nang debut. Historically, AEON openings across Vietnam have lifted surrounding land values by tens of per cent within a year.Source - Da Nang Villa Realty

2. Foreign Buyer Policies

- The rules haven't changed dramatically in recent months, but the framework from theHousing Law 2023AndLand Law 2024Is worth knowing. Foreigners can own apartments in approved commercial projects, capped at 30% of units per building and 250 houses per ward-level area. Ownership lasts 50 years with the possibility of one 50-year extension (not automatic - subject to future government approval). Da Nang currently has 17 approved commercial projects open to foreign buyers, including eight on the Son Tra peninsula and six in Hai Chau district.

- A notable improvement for the overseas Vietnamese community (Viet Kieu): those holding a valid Vietnamese passport now haveEqual rights to domestic citizensUnder the 2024 Land Law, meaning they can hold land use rights directly and are not subject to the 30% foreign quota. This is a meaningful upgrade from the previous regime.

- Also under the Housing Law 2023: foreigners can nowLegally sell property to other foreigners- a step towards a more liquid secondary market for foreign-held apartments.

- Da Nang is allocating 149 billion VND to complete itsLand database and cadastral recordsBy end of 2026, which should reduce documentation uncertainty that has historically complicated foreign purchases.Source - Vietnam.vn

3. Market Trends & Pricing

- The headline numbers are striking:Real estate revenue hit 3,132 billion VND in January - February 2026, up 36.4% year-on-year. In February alone (a post-Tet period that usually slows), the sector still grew 29% versus February 2025.Source - Vietnam.vn

-Over 1,600 apartments were soldIn the first two months of 2026 - more than ten times the volume in the same period of 2025. Primary supply grew 2.5x compared to last year. Around 70% of deals are from end-users and long-term investors, with roughly half originating from northern province buyers.

-Land plotsAre the other hot segment, with prices rising sharply in Hoa Vang, Son Tra, Ngu Hanh Son, and Lien Chieu districts. DKRA Group forecasts further improvement in land plot supply and liquidity from March 2026 onwards.Source - Vietnam.vn

- Search interest in Da Nang real estate is up 29% year-on-year, leading all Vietnamese cities.

- Da Nang isTransitioning away from its historically cyclical hot-cold patternToward more stable, sustainable growth, underpinned by genuine urban planning and the city's expanded footprint post-merger with Quang Nam.Source - VietnamNet

4. Infrastructure & Development News

-Lien Chieu Container Terminal officially broke ground on March 28, 2026. The Hateco Group + APM Terminals BV (Netherlands) consortium will build a 172.6-hectare port with 8 berths (2,750m total), handling vessels up to 18,000 TEUs. Total investment: 45,268 billion VND (~$2B US). Includes a 1.5-km direct rail link to Kim Lien station. Targets 4M TEUs/year by Q4 2028 (Phase 1), scaling to 5.7M TEUs/year by 2036.Source - Vietnam.vn

-Da Nang International AirportCapacity to be doubled to 20 million passengers/year. Sun Group approved to build a $145M civilian terminal. A high-speed rail link from the airport to Hoi An is also on the planning roadmap.Source - The Investor

- The northwest Lien Chieu corridor is being flagged by multiple analysts as the city's most dynamic property growth zone for the next decade - the port and airport expansions are why.

5. Notable Developer Activity

-VinhomesRetained Vietnam's most reputable real estate company title for the eighth consecutive year. Its Hai Van Bay mega-project is the city's biggest active development, and the new Hanoi sales office signals it's actively fishing for northern capital.Source - Vietnam.vn

-Masterise HomesDebuts in Da Nang with Masteri Rivera, a 1,196-unit luxury tower project listed on Christie's International Real Estate - an explicit signal that international buyers are in the target audience.

-Futa Land / Thuan Phuoc Bay Urban InvestmentIs developing the $460M Thuan Phuoc Urban Area on the Son Tra peninsula - one of the largest single-site projects in Da Nang's history, with SHB Bank financing.

-TTC GroupIs anchoring AEON Mall Thanh Khe within TTC Plaza Danang, a mixed-use complex (hotel + offices + apartments) whose value is set to rise sharply when the mall opens this summer.

-Sun GroupIs expanding across the city: airport terminal and its continuing resort and entertainment assets.

-Hateco Group + APM Terminals BV: APM is one of the world's leading port operators - its involvement in Lien Chieu is the clearest sign yet that international capital views Da Nang's logistics future seriously.

*Sources: VietnamNet, Vietnam.vn, The Investor, Da Nang Villa Realty, Bamboo Routes*