Authorities of Da Nang City in central Vietnam have officially approved the investment policy for the Southeast Hillside Urban Area, a massive development project spanning nearly 2.6 million square meters with a total investment exceeding VND13 trillion (nearly $495 million).
Located across Ba Na Commune and Hoa Khanh Ward, the project's primary objectives include real estate development, land use rights trading, and the leasing of residential and commercial properties.
According to the approved plan, 877,914 sq.m will be dedicated to housing construction. Notably, the project will allocate 175,779 sq.m for social housing infrastructure—equivalent to 20% of the total residential land area. Upon completion, the urban area is expected to provide 922 individual houses and 14,213 apartments.
The project has a designated operating term of 50 years starting from the date of land allocation or lease. Construction is slated to begin in the fourth quarter of 2027, with the entire project expected to be completed and operational by the end of 2032.
Da Nang City will select investors through a public bidding process in accordance with current regulations.
