On the banks of the Han River, with cranes dotting the skyline and foundations being poured, Da Nang’s real estate market is bracing for a new wave of development. The city’s Department of Construction has just announced a list of ten major projects that have cleared all the legal hurdles to sell homes still under construction—a move that’s set to reshape both the cityscape and the prospects for would-be homeowners, especially those with modest incomes.
According to VnExpress, on October 11, 2025, the Da Nang Department of Construction officially named ten real estate projects that now meet all the legal conditions to sell residential properties that have yet to be completed. This green light comes under the auspices of the new Housing Law 2023 and the Real Estate Business Law 2024. These projects, many of them sprawling and located at prime sites, offer a range of apartments, villas, and townhouses, and are expected to attract significant attention from both investors and local residents.
Among the most notable developments are Capital Square 3 and Capital Square 2, two high-rise apartment complexes situated along the Han River—widely considered the heart of Da Nang. Capital Square 3, developed by SIH Real Estate Co., Ltd, will provide 586 apartments in the MAT5-6 building. Not far away, Capital Square 2, from Mega Assets Co., Ltd, is set to add another 530 apartments in the A2.4 and A2.6 buildings. Both projects are currently in the foundation-laying phase, with construction activity in full swing as of October 2025, as captured in images by VnExpress photographer Nguyen Dong.
The riverside isn’t the only area seeing a surge. The Dong Do Group’s residential complex, also along the Han, will offer a hefty 941 apartments, while the Da Nang Marina Real Estate project by Da Nang Marina Co., Ltd will feature a more exclusive collection of 34 villas. In the city’s north, the Thu Tu Tourism Urban Area in Hai Van Ward, spearheaded by the Finance and Enterprise Development Joint Stock Company, will deliver 695 residences, including a sweeping array of 689 villas and six townhouses.
Other projects making headlines include The Nam Khang Resort Residences (18 villas), FPT Plaza 3 within the FPT Urban Area (837 apartments), and Mia Plaza in Lien Chieu Ward (167 apartments). The largest of all is the Tuyen Son high-rise residential, office, and commercial complex in Hoa Cuong Ward, which will bring 1,112 new apartments to the market. Even the city’s outskirts are getting attention, with the Con Ton Tien Urban Area in Hoi An Dong Ward approved for 340 townhouses, semi-detached homes, and villas.
But with opportunity comes responsibility. The Da Nang Department of Construction has been quick to remind developers that these new sales can only proceed under strict legal conditions. For example, if a project or home is currently mortgaged, the mortgage must be released—either in whole or in part—before any sales contracts can be signed. Additionally, developers must provide a bank guarantee for homes sold before completion, ensuring buyers are protected even if a project encounters financial trouble.
Payment rules are also tightly regulated. According to the Department, the initial payment from the buyer cannot exceed 30% of the contract’s value, including the deposit. In total, all payments made before the property is handed over must not surpass 70%, and only up to 95% can be collected before the buyer receives their ownership certificate. The deposit itself is capped at 5% of the sale price, and can only be requested once the project is officially deemed eligible for sale.
While these new developments promise to expand housing options and stimulate Da Nang’s economy, the government has also taken steps to ensure that low-income residents aren’t left behind. In a move that could have significant implications for social housing access, Decree 261/2025/ND-CP has amended existing regulations to make it easier for low-income individuals—particularly those without formal labor contracts—to prove their eligibility for subsidized housing.
As outlined in the new decree, which modifies Clause 2, Article 30 of Decree 100/2024/ND-CP, starting October 10, 2025, commune-level police (including those in communes, wards, and special zones) are now authorized to confirm the income status of low-income individuals in urban areas who lack labor contracts. This confirmation is a crucial step for applicants seeking to buy, rent, or rent-to-buy social housing.
The process, as described by local legal analysts, is designed to be both thorough and efficient. Once an application is submitted, the commune-level police must process the income confirmation within seven days. Their assessment draws on information from the national population database, but also relies on the applicant’s honest declaration—an approach that aims to balance accuracy with accessibility.
There are also clear income thresholds in place. For single individuals, the monthly income must not exceed 20 million VND. Single parents raising young children are allowed up to 30 million VND per month, while married couples must have a combined monthly income of no more than 40 million VND. Applicants are required to use Form No. 01, Appendix II, issued with Decree 261/2025/ND-CP, which includes a detailed income declaration and a section for police confirmation.
Previously, as stipulated in Decree 100/2024/ND-CP, only those with labor contracts—typically people working in agencies, enterprises, or organizations—were eligible for income confirmation. The new rules mark a significant shift, opening the door for a wider range of low-income urban residents, including informal workers, to access social housing programs.
The changes have been broadly welcomed by housing advocates, who argue that many of the city’s poorest residents work in the informal sector and have long struggled to meet the old documentation requirements. Allowing the commune-level police to verify income using both official databases and applicants’ own declarations is seen as a pragmatic solution, though it places a premium on honesty and careful oversight.
As Da Nang’s skyline evolves and new homes rise from the ground, the city is walking a tightrope between rapid development and social inclusion. The combination of ambitious new projects and regulatory reforms is intended to ensure that the city’s growth benefits not just investors and developers, but also the everyday people who call Da Nang home—or hope to, in the near future.
With the legal framework now in place, all eyes will be on how these projects progress and whether the new rules on income verification truly open more doors for low-income families. For now, though, the city’s real estate market is buzzing with anticipation, and Da Nang’s future as a modern, inclusive urban center seems a little closer to reality.