According to a spokesperson for the Da Nang Department of Natural Resources and the Environment, the city has seen a significant increase in the number of foreigners and overseas Vietnamese owning residential property since the new Law on Residential Housing officially took effect on 1 July 2015.

Last year, a total of 24 foreigners and overseas Vietnamese were granted land and house ownership certificates by the municipal authorities. 

In the first 3 months of this year alone, 9 foreigners or overseas Vietnamese bought land lots, beach villas and apartments in the city.  Most of them were from the USA.