Two land plots in Son Tra District are set to be auctioned for the development of commercial centers, hotels, and tourism apartments, with a total investment of over 4.4 trillion VND.
The Da Nang People's Committee has approved the auction plan for these two land plots in Son Tra District. The first plot, designated A1, is located within the Bach Dang Dong resettlement project in Nai Hien Dong Ward. Covering an area of over 1.1 hectares, this plot has a starting price of over 460 billion VND, equivalent to 40.6 million VND per square meter.
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According to the zoning plan, this plot is designated for commercial and service purposes, allowing for the construction of a commercial center, office buildings, luxury hotels, and tourism apartments, with a maximum height of 31 floors and five basement levels. The total estimated investment is 3.7 trillion VND, with an expected development timeline of 36 months. The land has already undergone site clearance and infrastructure completion.
The second plot, designated A1-1, is located along Vo Van Kiet Street in An Hai Nam Ward, with an area of over 4,000 square meters. It is also planned for the construction of a commercial center, office buildings, luxury hotels, and tourism apartments, with a maximum height of 30 floors. The total investment is estimated at 725 billion VND, with a starting price of approximately 120 million VND per square meter. This plot has also undergone site clearance and infrastructure completion. Investors will be required to make a one-time payment for land use, with a lease term of 50 years.
Auction Participation Requirements
Both land plots are expected to be auctioned in Q3/2025. Participants in the auction must submit a deposit equivalent to 20% of the land’s total starting price.
Previously, Da Nang also approved an auction plan for a land plot at 16 Bach Dang Street, Hai Chau District. This commercial-service plot is designated for the construction of offices, luxury hotels, and tourism apartments, with a total investment estimated at over 300 billion VND. The project’s implementation period is 24 months, with a starting price of 59.2 million VND per square meter.
According to the Government Inspectorate's findings, the 16 Bach Dang land plot was previously not auctioned in accordance with regulations. To ensure transparency and compliance with legal procedures, the city has now decided to conduct a formal auction for this property.
Da Nang’s Real Estate Market is Gradually Recovering
As one of the leading coastal tourism hubs in Central Vietnam, Da Nang has significant advantages for real estate development. In recent years, segments such as resort villas, apartments, land plots, and condotels have flourished, driven by the city’s tourism potential and well-developed infrastructure.
Compared to last year, when the real estate market faced challenges, Da Nang is now showing signs of recovery, particularly in the apartment segment. According to a report by DKRA, the number of apartment transactions in Da Nang in 2024 increased 2.5 times compared to 2023, with the majority of transactions concentrated in Son Tra and Ngu Hanh Son Districts.