The Da Nang City Department of Construction has announced that the Thuan Phuoc - Da Nang New Urban Area commercial housing investment and construction project is now eligible for capital mobilization, covering approximately 1,880 townhouses and 212 villas.

Situated within the administrative boundaries of Nai Hien Dong and Tho Quang Wards (Son Tra District), the project is developed by Thuan Phuoc Bay Urban Investment Joint Stock Company.

It spans a total land area of nearly 976.5 sq.m, with a total construction investment capital exceeding VND11,493 billion (nearly $444 million).

Of this amount, VND5.485 trillion (nearly $212 million) is allocated for townhouse and villa construction, with approximately VND2.139 billion or $82.6 million (39%) expected to be mobilized from organizations and individuals.

The capital mobilization period begins upon the issuance of the Department of Construction's notice confirming eligibility and will continue until the completion of the project's construction investment schedule.

The project developer is responsible for ensuring the accuracy of all disclosed information and must comply with the principles outlined in Article 116 of the Housing Law regarding capital mobilization and utilization. Additionally, project details must be publicly disclosed in strict accordance with Article 6 of the Law on Real Estate Business 2023.