Creating a new look for Da Nang

After the merger, Da Nang entered a period of accelerated development with the orientation of shifting from a tourist urban model to a service-financial center of the Central region. Besides the breakthrough in traffic infrastructure, seaports, logistics, the space on both sides of the Han River - the "backbone" of the city is changing clearly when a series of large-scale projects are implemented consecutively.

Capital Square luxury apartment complex – one of the projects along the Han River, is expected to be launched on the market soon. Photo: HOAI PHONG

Bustling banks of the Han River

It is noted that the west bank of the Han River is gradually forming a series of prominent high-rise projects such as M Landmark Residences, The One Tower, Landmark Tower Da Nang and Masteri Rivera Danang. These are projects expected to reposition the modern urban image of Da Nang in the next 5 years.

The east bank of the Han River is even more vibrant, with a series of projects stretching from the Tran Hung Dao coastal route to the Thuan Phuoc intersection. Names such as Peninsula Da Nang, Sun Cosmo Residence, Sun Symphony Residence, Maria Complex, Thuan Phuoc Urban Area and The Legend Danang are creating great attraction thanks to the convergence of advantages of river and sea landscape, diverse amenities and increasingly complete urban infrastructure.

Notably, in addition to the housing and commercial sector, the city is expecting two large-scale driving projects: an inland waterway tourism route worth VND10,000 billion and an international fireworks festival complex worth more than VND11,000 billion. When completed, these two projects will create a boost for the tourism industry, expand the festival and service ecosystem along the Han River and promote sustainable development of the urban real estate market.

Mr. Nguyen Ha Nam , Director of the Department of Construction, affirmed that the bustling project on both banks of the Han River is an inevitable result of the process of restructuring urban space, accelerating site clearance and completing technical infrastructure after the merger. “The city adjusts the zoning plan on both banks of the Han River to create new growth poles, promoting services - finance - tourism. Projects are carefully reviewed in terms of legality, density and infrastructure impact. Da Nang advocates riverside development along with architectural control, ensuring landscape and open space for the community,” said Mr. Nam.

Create new momentum

In the past 2 years, private capital poured into real estate along the Han River has increased sharply. Thanks to improving the investment environment, removing legal obstacles and announcing a series of large-scale planning projects such as the Free Trade Zone (FTZ), the International Financial Center, Lien Chieu Port, etc., Da Nang has attracted hundreds of thousands of billions of VND from many domestic and international corporations.

The Department of Construction is studying options for dispersing urban functions and expanding space to the south to reduce pressure on the center and move towards harmonious and sustainable development. In the photo: A corner of the urban area along the Han River in Da Nang. Photo: HOAI PHONG

Mr. Truong Dinh Trung, General Director of Thuan Phuoc Bay Urban Investment Joint Stock Company (investor of Thuan Phuoc New Urban Area) assessed that Da Nang is in the "golden stage" to welcome the investment wave. Mr. Trung said: "The strongest point of Da Nang is infrastructure and quality of urban management. The clear procedures and development strategy of services - finance - tourism create confidence for investors. Projects along the Han River not only have business value but will also contribute to the formation of a new urban center in the next 5-10 years."

According to Mr. Trung, real estate along the Han River is considered a segment with stable price increases and high real demand, especially with customers from Hanoi and Ho Chi Minh City thanks to the advantages of landscape, fast sea connection and proximity to the administrative center.

Dr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, commented that the market in 2025 will recover significantly. “After the merger, Da Nang will rapidly urbanize, and the housing - tourism - commercial market has good prospects. Capital flows into riverside and coastal real estate are still large. From now until the end of 2025 and into 2026, the Da Nang market will develop sustainably, project quality will improve and demand for housing will increase sharply,” Mr. Dinh assessed.

Many businesses have also noted the strong changes in the past two years due to the city's prioritization of infrastructure restructuring and improvement of the quality of administrative procedures. According to Ms. Do Thu Hang, Senior Director, Consulting and Research Services, Savills Hanoi, the rapid development of riverside projects has led to pressure on infrastructure and services.

“Da Nang needs to maintain open spaces along the river, walking routes, public parks and limit high construction density. If well controlled, the Han River will become a new urban symbol of Vietnam, similar to the Han River in Seoul or the Brisbane River in Australia,” said Ms. Hang.

Assessment by the Vietnam Real Estate Research Institute (VIRES) shows that after the merger, Da Nang has a large land fund, synchronous infrastructure and open development space to the northwest and northeast - a rare advantage compared to other coastal cities.

A series of strategic infrastructure projects such as Lien Chieu port, coastal road, and upgrading Da Nang International Airport are creating the foundation for the city to become a new economic and financial center of the country, in which the space along the Han River is the "core axis".

Source: https://baodanang.vn/tao-dien-mao-moi-cho-da-nang-3313818.html