Week 22/2025 – Central Vietnam Real Estate News Summary
In this weekly or sometimes bi-weekly news flash – CVR: Central Vietnam Realty will provide a choice of articles from mainly Vietnamese media sources related to the real estate market in Vietnam.
We will be focusing on issues related to Da Nang and Hoi An, while also looking at national news and their possible impact on Central Vietnam’s property market.
You will find a summary, a link to the source as well as CVR’s take on the article.
We believe that local knowledge is the key to making the best possible decision and that’s what we offer to all our clients.
“CVR: Western Management – Local Knowledge”
1. Da Nang Spends 1,400 Billion VND To Build A Park Along The Han River.
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Da Nang has approved a 1,400 billion VND project to build a riverside public park along the Han River. Around 1,300 billion VND will go toward land clearance of 62 riverfront plots. The remaining 100 billion VND is for infrastructure development. The project will begin between 2026 and 2029. It aims to create a vibrant public space in the Nai Nam area. The park will improve urban connectivity and support tourism. It will also host cultural activities and events. The space may become a new venue for Da Nang’s famous international fireworks festival.
Source: vnexpress.net
2. The Marriott Complex At Da Nang’s “Kilometer Zero” Sets A New Price Record, Nearing VND 280 million/m².
Located at 58 Bach Dang Street, the 45-story M Landmark tower is a prominent new development in central Da Nang, launched by Foodinco Real Estate JSC (a member of Alphanam Group). On June 1, over 200 luxury apartments in the M Landmark Residences were officially introduced. These units, ranging from 43–89m², are situated from floors 30 to 43 and offer rare 360-degree panoramic views of the mountains, the sea, the Han River, and the city’s famous international fireworks festival. The apartments come fully furnished to 5-star hotel standards, with prices ranging from VND 179 to 279 million per square meter — setting a new price record for Da Nang’s condominium market.
The development includes the Courtyard by Marriott Danang Han River hotel, which opened on May 28. It offers nearly 300 premium rooms. This is the first Courtyard by Marriott hotel in Vietnam. It serves both domestic and international guests with high-end accommodations. Luxury condo demand in Da Nang rose 49% in Q1 2025. Prices also increased by 36% year-over-year, according to Batdongsan.com.vn. The surge is due to limited supply and prime locations. River and sea views attract buyers and investors. Tourism recovery is also boosting the real estate market in the city.
Source: cafef.vn
3. Sun Group Launches Sun Solar Residence In The Heart Of Da Nang.
Sun Group has unveiled Sun Solar Residence, a premium residential tower situated in the vibrant core of Da Nang, just 300 meters from the iconic Han River Swing Bridge on the bustling Le Duan Street. Comprising only 256 units with long-term ownership rights, the development offers panoramic views of the Han River and is designed to symbolize the city’s aspirations for prosperity. Inspired by the Non Nuoc heritage site, the architecture blends luxury with cultural significance. Residents will enjoy top-tier amenities, including a four-season rooftop pool, gym, bar, and landscaped gardens, all providing sweeping city vistas. The lower floors feature commercial spaces, childcare facilities, and offices, creating a comprehensive living environment. With its strategic location and luxurious offerings, Sun Solar Residence is poised to become a landmark in Da Nang’s urban landscape.
Source: cafef.vn
4. How Can Citizens Register For Construction After The Abolition Of Permits?
Ho Chi Minh City plans to simplify construction procedures by replacing traditional permits with a registration system for individual houses and certain projects. This applies to areas with approved 1/500 plans, urban designs, or architectural regulations, where residents would no longer need construction permits. Instead, they would submit a registration form before building. Dr. Pham Viet Thuan emphasized that this shift from “asking permission” to “registering construction” not only reduces bureaucracy but also redefines the relationship between citizens and the state. The new model allows residents to notify local authorities of their construction plans, provided they adhere to existing regulations. Authorities would then conduct post-construction inspections to ensure compliance.
This approach is particularly applicable in areas with established detailed planning, where technical specifications such as land area, building height, and architectural form are clearly defined. By eliminating the need for prior approval, the registration system aims to reduce bureaucratic delays and curb unofficial costs associated with the traditional permitting process. However, experts caution that successful implementation requires comprehensive planning and robust oversight to prevent potential violations. The city plans to issue detailed guidelines on this new system by the end of June, aligning with broader national efforts to simplify administrative procedures in the construction sector.
Source: vnexpress.net
5. Da Nang Prepares To Auction Chi Lăng Stadium Site.
The Chi Lăng Stadium site, a 55,000-square-meter plot with four street frontages in central Da Nang, is set for auction to enforce a court judgment related to Pham Cong Danh. Fifteen years ago, the city sold the land to Thien Thanh Group for approximately VND 1,400 billion. In 2011, the land was divided into 14 lots; ten were granted land use rights and mortgaged, while four remain without certificates. Once a historic sports venue, the stadium has deteriorated over time. The government has reclassified the land from sports to commercial-service use, aligning with its mortgaged status. The Politburo and Government have approved auctioning the entire area as a single asset to resolve legal issues comprehensively.
Source: vnexpress.net
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