Da Nang announces list of 7 apartment projects eligible for sale

As of the end of July 2024, the Department of Construction of Da Nang City has announced that future housing is eligible for sale for 7 projects.

The Department of Construction of Da Nang City has just announced a list of commercial housing construction investment projects that have issued written notices that future housing is eligible for sale, from January 1 to July 31, 2024.

Accordingly, there are 7 projects eligible for sale. Including Bac Cuong Apartment project (Bac Cuong Tower, Hai Chau district) of Cuong Thinh Phat Land Joint Stock Company with 112 apartments.

High-rise apartment complex of New Town high-end commercial and sports service urban area project (Ngu Hanh Son district), of New Town Development Company Limited, 1,733 apartments.

Olalani Riverside Towers project (Son Tra district) of My Phuc Joint Stock Company with 1,425 apartments; of which, there are 550 apartments in block B1-1; 355 apartments in block B1-2; 520 apartments in block B1-3. In addition, there are 113 townhouses.

The Department of Construction of Da Nang City also announced that the conditions for sale are met for two projects of Cu Lao Cham Investment Tourism Trading Joint Stock Company; namely the East Apartment Complex on Tran Hung Dao Street (Son Tra District) with 528 apartments; Building B4-1 and Building B4-2 of the Han River Tourist Service Area project with 679 apartments.

Many apartment projects in Da Nang City are eligible for sale.

In addition, there is also the project of Townhouses and Villas belonging to the Tuyen Son Housing and Service Area Project (Hai Chau District), of Landcom Investment Joint Stock Company with 219 units. Of which, there are 156 townhouses and 63 villas.

PA Tower Hotel and Apartment Complex (Hai Chau District) PAVNC Joint Stock Company with 300 apartments.

Regarding the three projects, namely PA Tower Hotel and Apartment Complex; Townhouses and villas of the Tuyen Son Housing and Service Area Project and High-rise Apartment Complex of the New Town High-end Sports and Commercial Urban Area Project, the Department of Construction of Da Nang City said that these projects have future housing that meets the conditions for putting into business according to regulations.

However, the investor is mortgaging the land use rights or investment projects or future housing at the project.

In case the investor signs a contract for the sale of future housing and collects advance payment from the home buyer, the investor must send along documents proving the mortgage release or a record of agreement between the home buyer and the mortgagee that the mortgage release is not required and the home is allowed to be sold; send it to the Department of Construction for consideration and issuance of a document notifying that the future housing is eligible for sale before signing the contract...

The Department of Construction of Da Nang City noted that for 7 projects eligible for sale, before selling future housing, the investor must have a commercial bank with sufficient capacity to guarantee the investor's financial obligations to customers when the investor fails to hand over the housing according to the schedule committed to customers.

In case after the Department of Construction issues a notice that the house is eligible for sale but the investor does not sell it but mortgages the house, the sale of this house after mortgage can only be carried out when all conditions are met and there is a notice from the Department of Construction as prescribed.

Source: https://baodautu.vn/batdongsan/da-nang-cong-bo-danh-sach-7-du-an-can-ho-du-dieu-kien-mo-ban-d223039.html