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Da Nang Has Announced 7 Projects Qualified To Sell Houses “On Paper”

Da Nang Project

Da Nang Construction Department has just announced 7 more projects of investors in the area of the city that is eligible to sell houses in accordance with the law.

Accordingly, the projects eligible for sale are those projects that commercial banks have the capacity to guarantee financial obligations of investors to customers when the investor has not handed over houses under accurate progress with the customer.

See more: Apartment for Sale in Da Nang

7 projects with 3,185 products (apartments, villas, townhouses) qualified for sale including:

Alphanam Luxury Apartment, invested by Alphanam Luxury Real Estate Joint Stock Company, is located at Vo Nguyen Giap Street (Phuoc My Ward, Son Tra District, Da Nang City). The number of 234 apartments;

Da Nang Project
Alphanam Luxury Hotel project

Future Property Invest, invested by Future Property Invest Co., Ltd, is located in Truong Sa Street (Hoa Hai Ward, Ngu Hanh Son District, Da Nang). The number of 122 villas;

Quang Nguyen Complex, invested by Quang Nguyen Investment and Construction Joint Stock Company, is located at Nguyen Huu Tho Street (Hoa Cuong Bac Ward, Hai Chau District) with 51 apartments;

Empire / Co Co Hotel Apartment Building, invested by Chengdu Investment and Development Joint Stock Company, is located at Truong Sa Street (Hoa Hai Ward, Ngu Hanh Son District) with 686 apartments for Co Co 1 and 637 apartments for Co Co 2, 80 adjacent houses with 8 floors, 16 villas at Naman Retreat & Residences, 40 adjacent houses and 05 floors of adjacent houses with garden;

The Hoa Binh Green Da Nang complex, invested by Hoa Binh Limited Company, is located at Le Van Duyet Street (Nai Hien Dong Ward, Son Tra District) with 1,120 apartments;

Vinacapital Da Nang Resort / Block B – Dai Duong apartment complex, invested by Hoa Binh Co., Ltd, is located in Truong Sa (Hoa Hai Ward, Ngu Hanh Son District) with 70 apartments and 33 The Ocean Estates villas;

Construction of technical infrastructure of Thuy Tu tourism urban area is invested by Hoa Hiep Nam Commercial Joint Stock Company (Lien Chieu District, Da Nang City) with 96 adjacent houses (from B2M4 to B2M18).

Da Nang Project
The projects were announced in Da Nang

Representatives of Danang Department of Construction said that real estate projects with houses in the future had formed qualified for sale in accordance with the provisions of Paragraph 1 of Article 55 of the Law on Real Estate Business No. 66/2014 / QH13 on November 11th 2014, but not yet qualified under the provisions of Point B, Clause 2, Article 19 of the Government’s Decree No. 99/2015 / ND-CP of October 20th 2015 (investors are mortgaging land use rights or investment project or housing to be formed in the future).

Investors must send to the Construction Department papers evidenced by the mortgage or written agreement of the purchaser of the house and the mortgage that the house is not required to be sold, so that the Department of Construction may consider it, there is a notice informing the house in the future formed qualified for sale before the investor signed this house purchase contract.

In cases that after the provincial or municipal Construction Services issues written notices on eligible houses for sale but the investors do not sell and mortgage this house, the sale of this house after the mortgage shall be effected only when there is enough condition and written notice of the Department of Construction.

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Da Nang Has Announced 7 Projects Qualified To Sell Houses “On Paper”
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