Property For Sale in Da Nang: 5 Interesting New Projects & Launches

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Da Nang is undoubtedly one of the most popular places when foreigners look for property in Vietnam.

Located along the shoreline with proximity to Hoi An and Hue, Da Nang is famous for offering a great quality of life with low costs. At the same time, it’s the third biggest city and a comparatively developed commercial center in Vietnam. Still, property is cheaper on average compared to Ho Chi Minh City and Hanoi.

In this article, I’ve listed some of the most interesting new property projects and launches, located in Da Nang and Hoi An.

Viewing the projects and surrounding areas in Street View (Desktop Version)

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Latest Update: 2019-09-20

1. Malibu MGM (Hoi An)

Address: Đường Lạc Long Quân, Điện Dương, Điện Bàn, Quảng Nam, Việt Nam

Malibu MGM consists of 655 high-end condotel units and 95 villas, designed in American style. The properties are located just next to the shoreline, you don’t need to take many footsteps before you can jump into the beautiful East Vietnam Sea.

The project is perfect for holiday spenders, or investors who seek guaranteed rental yields, where you also have the opportunity to live in your property for 15 days each year.

Project Overview

  • Project: MGM Malibu (External Link)
  • Developer: Bamboo Capital
  • Completion date: Q3 2020
  • Prices condotels: VND 46 million (USD 1965) per square meter
  • Prices villas: VND 12-18 billion (USD 513,000-769,000)
  • Yields: Fixed rate at 16% the first two years
  • Type: Condominium and villas
  • Number of units: 655 condo units and 95 villas
  • Amenities: Restaurants, outdoor bar, outdoor sport activities, gym, and more

Unit Types and Sizes

About the Developer

Bamboo capital was established in 2011, since its inception, Bamboo Capital Group (BCG) has grown into a group company with 10 subsidiaries in Vietnam. The group operates in different industries like consulting, investment fund management, investment banking, real estate, and more.

Learn More About this Project

2. Monarchy Apartments (Da Nang)

Address: Đường Trần Hưng Đạo, An Hải Tây, Sơn Trà, Đà Nẵng 560000

Monarchy is located in a calm area just next to the Han river. But it’s located only 2 kilometers away from the center of Danang by the Dragon Bridge, and 4 kilometers from the sea.

The area has a lot of green space with modern amenities and is suitable to use as investment property.

Project Overview

Unit Types and Sizes

  • 1-Bedroom: 52 square meters (Sold out)
  • 2-Bedroom: 80-95 square meters
  • 3-Bedroom: 112 square meters

Apartment Overview

About the Developer

NDN (Danang Housing Investment Development JSC) is a Vietnamese developer working with infrastructure investment, construction investment and investment properties.

Learn More About this Project

3. TMS Luxury Condotel (Da Nang)

Address: Lô A3, Võ Nguyên Giáp, Bắc Mỹ Phú, Ngũ Hành Sơn, Đà Nẵng 550000

TMS Luxury Condotel consist of smaller condotel units (45 square meters) that can be bought for reasonable prices. The interior is luxurious, with modern European style, friendly and comfortable.

You’ll see a beautiful view of the My Khe beach from the condotel, which is astonishing.

The project is located 5 km from Da Nang’s international airport, 1 km from the East Sea park, and 25 km from Hoi An ancient town.

Another benefit is that you get 15 free nights at any of TMSs resorts throughout Vietnam.

Project Overview

  • Project: TMS Luxury Condotel (External Link)
  • Developer: TMS Group
  • Completion date: Q4 2018
  • Price: USD 105,000-158,000
  • Yield: Guaranteed income 10% for 10 years
  • Type: Luxury condominium
  • Number of units: 250
  • Amenities: Rooftop pool, skybar, gym, children’s play area, spa

Unit Types and Sizes

About the Developer

TMS Group evolved from Tai Minh International Co., Ltd. that was established in 2004. The company has developed properties for more than a decade and one of its aims is to become the number one developer in Vietnam.

Learn More About this Project

4. Risemount Apartments (Da Nang)

Address: 120 Nguyễn Văn Thoại, Bắc Mỹ Phú, Ngũ Hành Sơn, Đà Nẵng 550000

Risemount is located in the central parts of Da Nang and consist of two high-end apartment towers, connected with Movenpick Hotels & Residences. Being located in the commercial area called Hai Chau, Risemount apartments are sought after.

The apartments have views towards the Son Tra peninsula, the Han River, the South China Sea and Da Nang Bay.

Project Overview

  • Project: Risemount Apartments (External Link)
  • Developer: Vicoland
  • Completion date: 2018
  • Price: Around VND 50 million (USD 2140) per square meter
  • Yield: 6-8%
  • Type: Luxury condominium
  • Number of units: 300
  • Amenities: Pool, gym, spa, kids’ club, ballroom, meeting rooms

Unit Types and Sizes

About the Developer

Vicoland Housing Development was established in 2007 and is a Vietnamese developer. The company works with real estate development, investment and management, transportation, and more. Other projects managed include Mövenpick Resort Lang Co and Risemount Premier Resort.

Learn More About this Project

5. Wyndham Soleil Da Nang Condos

Address: Võ Nguyên Giáp, Bắc Mỹ Phú, Sơn Trà, Đà Nẵng 550000

Wyndham Soleil consists of four buildings of 50-57 storeys and will be the biggest condo complex in Da Nang, including 2000 luxury condos. It’s one of the most interesting projects at the moment.

The condo offers a unique design with fiberglass windows, a sky bridge, rooftop pools, just to mention a few. In addition, you don’t need to pay management fee during the first 5 years.

Other benefits include VIP memberships, 15 free nights yearly, and more. It’s the first complex with an infinity swimming pool and smart design by AEDAS (UK).

Project Overview

  • Project: Wyndham Soleil (External Link)
  • Developer: PPCAT
  • Handover date: Q1 2019
  • Price: USD 103,000 – 592,000 (1-3 bedrooms)
  • Yield: 9% guaranteed
  • Type: Condominium
  • Number of units: 2000
  • Amenities: Pool, Spa & fitness, bar & restaurants, shopping center, and more

Unit Types and Sizes

About the Developer

PPC An Thing Vietnam and Infrastructure Development HSC (PPCAT) has been around for more than two decades and has a vast experience in property developments. The company has built everything from real estate projects, hotels, golf courses, and urban areas.

Learn More About this Project

FAQ

Below you can find frequently asked questions from property buyers, including our replies.

Can foreigners buy property in Da Nang?

Yes, foreigners can buy property by simply having a tourist visa.

Vietnam introduced new ownership regulations for property buyer as late as 2015, which has resulted in a great influx of foreigners.

Do I need to live in Vietnam when owning a property?

No, you don’t necessarily need to live in Vietnam if you own property here.

What are the benefits of buying property in Da Nang?

Da Nang is comparatively developed, but property prices and the cost of living is still very cheap. Da Nang is one a commercial hub and much goods are transported through its harbour. APEC was held here, which says quite much.

Other benefits include beautiful sceneries, with green hills, mountains, islands and living just next to the ocean. You won’t find this in places like Hanoi or Ho Chi Minh City.

Foreigners are pouring into Da Nang in vast numbers, especially from Korea, China and Japan, but you’ll also find many other nationalities.

Can I rent out property as a foreigner in Da Nang?

Yes, you have no particular issues to rent out your property in Da Nang. In fact, many projects offer guaranteed rental incomes through different schemes, guaranteed yields can reach up to 12% a year.

How many properties can I buy?

There’s no cap to the amount of properties that you can buy as a foreigner. However, foreigners can maximum buy 30% of the units in condominium projects.

Can foreigners buy property from Vietnamese people?

Foreigners can buy property from Vietnamese developers, but not from Vietnamese private persons. On the other hand, Vietnamese persons can buy second hand properties from foreigners.

Can I buy land as a foreigner in Da Nang?

You cannot own land as a foreigner, this is a common practice in many other Southeast Asian countries. Instead, you can lease land during a period of 50 or 70 years, sometimes with an option to renew the leasehold period.

Is buying property in Da Nang a good investment?

Vietnam is one of the fastest growing country in the world.

On top of the benefits mentioned above, Vietnam has the highest yields in Asia, the tourism industry is booming, and you see much investment in infrastructure.

It’s easy to apply for visas and you can enjoy a high quality of life, with low costs.

If you want to know more, you can also read our separate article that explains some of the benefits when investing in Vietnam property.

Other Vietnam Property Guides

Want to learn more about taxes, visas and the buying process? Check out these articles:

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