Da Nang sees a boom in luxury apartment projects along the Han River.
After a prolonged period of adjustment, Da Nang's real estate market is showing clear signs of recovery, especially in the Han River waterfront area. A series of urban development and high-end apartment projects along the Han River have been launched, creating a new look for the city center and affirming Da Nang's position as a new growth pole in the Central region. Not only is it a living space rich in scenic value, the Han River waterfront area is also considered the "core" of urban development, a place that combines rare factors in terms of location, infrastructure, and long-term development potential.
The urban area along the Han River is experiencing a breakthrough with a series of large-scale projects.
In recent years, Da Nang's urban landscape has undergone significant changes as numerous projects along the Han River have been launched or restarted. In the northern part of Son Tra Peninsula, the Thuan Phuoc new urban area, spanning nearly 100 hectares, is gradually taking shape along the Le Van Duyet axis. The project is envisioned as a new urban center, integrating diverse housing types, villas, shophouses, a high-end commercial and hotel complex, and public service spaces.
Nearby, the Maria Complex is also being redeveloped on approximately 12 hectares, featuring a complex of luxury apartments, a hotel, a marina, and iconic riverside structures. The return of this project to the market is considered a positive sign, contributing to the supply of quality housing along the Han River.
In the city center, Sun Symphony Residence is being developed on approximately 8 hectares, comprising luxury apartment towers, townhouses, and riverside villas. The project boasts a rare location in the heart of Da Nang, directly connected to major transportation routes and the scenic Han River.
In addition, The Legend City Da Nang – located at the foot of the Dragon Bridge – is under construction with two 29-story towers, combining luxury apartments and an international standard hotel. These projects not only contribute to revitalizing the urban landscape but also elevate the living standards in the Han River waterfront area to a new level.
Supply along the riverfront is scarce, and demand is increasing.
According to experts, real estate along the Han River is a scarce asset class due to natural limitations and strict planning guidelines. The city prioritizes reducing building density and increasing green spaces and public areas to preserve the river landscape – an element that defines Da Nang's urban identity.
While new supply is increasingly limited, the demand for high-end housing in the city center continues to grow. Buyers seeking a quality living space near the river, the sea, and the city center value highly the long-term appreciation and value retention potential of riverside properties.
Market reality shows that the high-end apartment segment in Da Nang is experiencing positive absorption rates, especially for projects with riverside locations, clear legal status, and reputable developers. The strong increase in demand indicates a return of buyer confidence, particularly as the market enters a recovery phase.
Urban areas along the Han River (Source: Collected.)
Han Riverfront real estate and its long-term investment advantages.
Compared to many other major cities, the remaining riverside land in central Da Nang is limited. This makes every new project highly sought after by the market. With its scenic advantages, convenient connectivity, and diverse development potential – from residential living and rentals to resort properties – riverside real estate along the Han River is considered a valuable asset with lasting potential.
Besides the scarcity factor, Da Nang's development as a regional financial, technology, and innovation hub also provides a long-term foundation for the high-end real estate market. As the influx of professionals, entrepreneurs, and high-skilled workers increases, the demand for high-standard housing in the central area will continue to remain high.
An opportunity for investors to capitalize on a new cycle.
Amidst limited supply and increasing demand, high-end riverside apartment and urban development projects along the Han River are seen as a rare opportunity for investors to capitalize on the new growth cycle of Da Nang's real estate market.
Analysts believe that projects possessing three key elements—prime riverside location, transparent legal status, and long-term development potential—will continue to be the focus of the market in the coming period. This is not only an investment opportunity but also a quality residential choice for customers seeking upscale living spaces in the heart of Vietnam's most livable city.
With a series of ongoing projects, the Han River once again affirms its role as Da Nang's "golden development axis," ushering in a new breakthrough phase for the high-end riverside real estate market in the coming years.