The Da Nang government has granted investment policy decisions and investment registration certificates to 8 projects, of which 2 are Japanese-invested ones worth around 160 million US$. They are the expansion of the existing Xuan Thieu Tourist Area in Lien Chieu District’s Hoa Hiep Nam Ward which will be developed by the Japan-based Katsura Hotel Mikazuki Co. Ltd. at a cost of 100 million US$, and the over 56.3 million US$ riverside tower project in Hai Chau District’s Binh Thuan Ward by the Sun Frontier Investment Co. Ltd.

Work is slated to start on the expansion of the existing Xuan Thieu Tourist Area in Lien Chieu District’s Hoa Hiep Nam Ward on 28 March

These are important projects which are expected to appeal for even more Japanese investors to the city in the coming time.

Through the deployment of their projects in Da Nang in their own ways and visions, Japanese businesses have showed their optimism about the city’s real estate market despites its fluctuations amid the current context of land shrinking due to urbanisation

Work is slated to start on the Xuan Thieu project on 28 March. It will cover an area of 62,366m², and it features 2 separate subdivisions. This project’s construction density is only 25%, and the maximum number of storey is 19.

Mr Yoshimune Odaka, the President of the Mikazuki Hotel Group affirmed his company’s commitment to create a 5-star tourism-entertainment area.

Chairman of the municipal People's Committee Huynh Duc Tho highly appreciated the implementation of this large-scale project for matching the city’s tourism service development orientations and strategies, and accelerating the growth of northwestern coastal areas.

Developed by the Sun Frontier Investment Co., Ltd, the over 56.3 million US$ riverside tower project will cover an area of 3,125m² in Hai Chau District’s Binh Thuan Ward.

In details, it borders the extended Le Quy Don Street to the north, residential areas, hotels and apartment buildings to the south, a 20.5m-wide road to the west, and the extended Bach Dang route to the east.

Of the total 3,125m², 1,842m² will be earmarked for the construction of the 29-storey-plus-2-basement tower, whilst the rest will be used for internal roads, green-covered areas and other related facilities.

Currently, the Hiyori Garden apartment project on Vo Van Kiet Street, Son Tra District, invested by the Sun Frontier Investment Co., Ltd, is nearing completion. The 18-storey building features over 600 bedrooms with utility services meeting the Japanese standards. In particular, the most amazing when coming is the absence of television and other electronic devices in room, so guests could spend all time for enjoy vacation here.

A beautiful, peaceful view of Pulchra Resort Da Nang

P&I Enterprises Co. Ltd. was one of the Japanese businesses to pour their money into the city’s tourism real estate. The Japanese company-invested Pulchra Resort Da Nang, located at 22 Truong Sa Street, Ngu Hanh Son District, includes villas which feature traditional Cham-inspired space entwined with the elegance and sophistication of modern Viet Nam.

To date, the city has attracted over 160 Japanese-invested projects totalling 800 million US$. Japan now ranked first in terms of the number of projects in Da Nang.

Given their investment poured into production activities, in tandem with their active involvement in the urban infrastructure development through high-end real estate projects, Japanese enterprises are expected to grow well whilst doing their long-term operations in the city.