Masteri Rivera Da Nang

Masterise Homes · Hai Chau · condo

Starting price

2.8B ₫

Completion

Q4 2026

Launched

May 20, 2025

Units

1,112

Floors

39

Buildings

2

Product type

Condo

Ownership

Freehold

Foreign quota

Available

Masteri Rivera Da Nang is the first Da Nang project by Masterise Homes, the developer behind the Masteri line in Ho Chi Minh City and Hanoi. The project sits on an 18,296 m² riverside site on Quy My street in Hoa Cuong Nam ward, Hai Chau district, and consists of two 39-floor towers over two basement levels. The sale eligibility notice issued by the Da Nang Department of Construction (9223/SXD-QLN, November 2024) covers 1,112 apartments; layouts run from one-bedroom to three-bedroom, including dual-key formats. The project launched to the market on 20 May 2025 and topped out on 1 December 2025, keeping it on track for the stated Q4 2026 completion. Launch-phase pricing started from around VND 2.8 billion per unit. Ownership is freehold for Vietnamese buyers, while foreign buyers hold a 50-year term under Vietnamese housing law. Foreign eligibility is formally documented: notice 2662/SXD-QLN caps foreign ownership at 332 units (30% of the project), and quota availability is a factor to verify at contract time. Location is the core of the investment case. Hai Chau is the administrative center of Da Nang, and the site fronts the Han river corridor south of the city core — a position that competes with the beach-side supply in Son Tra and Ngu Hanh Son on a different axis: city amenity access rather than beachfront. The project lists 31 amenities across indoor and outdoor decks, including two pools. Masterise Homes' entry is itself a market signal: the developer's previous launches concentrated in the two metropolitan markets, and Masteri Rivera extends the brand to central Vietnam with documented regulatory milestones (sale eligibility, foreign quota) rather than pre-license marketing — a distinction that matters in a market where pre-eligibility deposits are a recurring buyer risk. What to track: handover against the Q4 2026 target, actual transacted pricing relative to the VND 2.8 billion launch floor, and how quickly the 332-unit foreign quota fills.