The Da Nang Construction Department has announced that, according to the documents provided by the investor and the opinions of relevant agencies and units, the future formed housing at the real estate and Da Nang Marina project is eligible for sale according to Article 24 of the 2023 Law on Real Estate Business.
The project, invested by Da Nang Marina Joint Stock Company, is located in Nai Hien Dong Ward, Son Tra District, Da Nang. This is a controversial project that involved reclaiming land from the Han River, sparking public debate and conflicting opinions.
 The real estate and Da Nang Marina project is eligible for selling future formed housing. Photo: Nguyen Thanh |
The project has a construction scale that includes 5 locations with a land area of over 119,000 square meters. Of this, the land area is over 109,000 square meters, and the dock and water area is 10,000 square meters.
According to the Construction Department, the investor reported that 3 out of 34 land-use right certificates and ownership of houses and other assets attached to the land of 3 apartments are currently mortgaged with a bank.
There are 34 future formed housing units eligible for sale at the project, with apartment sizes ranging from 147.1 to 446.4 square meters.
The investor will be held fully responsible for any violations.
The Da Nang Construction Department requires the project investor to take full responsibility for the accuracy and truthfulness of information related to the project, the investor, and the future formed housing in the project.
The investor is also responsible for ensuring that the future formed housing in the project meets the conditions for sale as stipulated in Article 24 of the 2023 Law on Real Estate Business.
The signing of sales contracts for future formed housing must comply with the law and meet the conditions specified in the Law on Real Estate Business.
Project site as seen from Thuan Phuoc Bridge. Photo: Nguyen Thanh |
In case the investor mortgages a part or the whole of the project or the housing and has the need to sell the mortgaged housing, they must redeem the mortgage before signing sales contracts with customers, in accordance with Clause 2, Article 183 of the 2023 Housing Law. The investor must also provide a guarantee for the sale of future formed housing as stipulated in the 2024 Law on Real Estate Business.
Additionally, the investor must comply with the payment regulations for the sale of future formed housing, with the first payment not exceeding 30% of the contract value (including the deposit), and subsequent payments in line with the construction progress but not exceeding 70% of the contract value before the housing is handed over to the buyer. The total payment must not exceed 95% of the contract value until the buyer is granted the certificate of land use rights and ownership of assets attached to the land, in accordance with land law…
The Construction Department emphasizes that the investor will be held entirely responsible for any violations in the investment and real estate business activities related to the project.
Nguyen Thanh
– 07:35 09/05/2025
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