On October 11, the Da Nang Department of Construction announced a list of commercial housing development projects eligible for the sale of future housing units. These projects have been officially notified as meeting the necessary conditions for such sales.
Since August 1, 2024, based on the provisions of the 2023 Housing Law and the 2023 Real Estate Business Law, and upon requests from developers, the Da Nang Department of Construction has issued notifications for 10 commercial housing projects, confirming their eligibility to sell future housing units.
Da Nang announces projects eligible for future housing sales.
Among these, the Thuy Tu Tourism Urban Area Technical Infrastructure Project (Hai Van Ward) includes 695 residential units (689 villas and 6 townhouses). Capital Square 3 features 586 units in MAT5-6, while Capital Square 2 (An Hai Ward) offers 530 units in towers A2.4 and A2.6.
The Nam Khang Resort Residences (Ngu Hanh Son Ward) comprises 18 villas, and Mia Plaza (Lien Chieu Ward) includes 167 apartments.
The Tuyen Son High-Rise Residential and Commercial Complex (Hoa Cuong Ward) has 1,112 apartments, and the Han Riverfront Apartment Complex (Son Tra Ward) features 941 units.
FPT Plaza 3 in the FPT Technology Urban Area (Ngu Hanh Son Ward) offers 837 apartments, and the Da Nang Marina and Real Estate Project (Son Tra Ward) includes 34 units.
Additionally, the Con Tien Urban Area (Hoi An Dong Ward) features 340 townhouses, duplexes, and villas.
Regarding these 10 projects, the Housing and Real Estate Market Management Department stated: If developers have mortgaged all or part of a project or housing unit and wish to sell it, they must release the mortgage before signing a sales contract with buyers, as per the 2023 Housing Law. Developers must also provide guarantees for future housing sales, as outlined in Article 26 of the 2024 Real Estate Business Law.
For initial payments, buyers are required to pay no more than 30% of the contract value (including deposits). Subsequent payments must align with construction progress, totaling no more than 70% of the contract value before handover. Developers cannot collect more than 95% of the contract value until buyers receive land use and property ownership certificates, as per land laws. Deposits are capped at 5% of the sale price once the project meets all legal requirements for sale.
Sales to foreign organizations and individuals must comply with Articles 17, 18, and 19 of the 2023 Housing Law and Articles 4, 5, and 7 of Decree No. 95 dated July 24, 2024, issued by the Government.
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