Masterise Homes' first apartment project in Da Nang, close to the Han River and central Hai Chau
Masteri Rivera Danang is Masterise Homes' first luxury apartment project in Da Nang, marking the brand's move into the central region after Ho Chi Minh City and Hanoi. It occupies an 18,296 sq m site at 50 Quy My Street, Hoa Cuong Ward (formerly Hoa Cuong Nam Ward, Hai Chau District), only a few minutes from the Han River and the city's administrative centre. The project was announced and launched for sale in June 2025, officially topped out on 1 December 2025 and is now in the fit-out stage; handover has been announced by the developer for Q4/2026, while many agents quote an earlier milestone of Q3/2026.
In terms of scale, Masteri Rivera Danang comprises two towers of 39 storeys above ground plus two basement levels, with 1,112 apartments per document No. 9223/SXD-QLN dated 21 November 2024 issued by the Da Nang Department of Construction (some marketing material states close to 1,200 units, i.e. around 1,196). The product mix runs from 1BR+, 2BR and 2BR+ to 3BR and Dual Key layouts; the published price list shows units of 47.4 sq m to 101.3 sq m, while some agents advertise a largest unit of up to 113 sq m — Happy Land will re-confirm this against the developer's original price list for each release. Indicative pricing at present: a 47.4 sq m 1BR+ at roughly VND 4.13–4.51 billion; a 66.9–68.3 sq m 2BR from roughly VND 5.14 billion (about VND 77 million per sq m); a 79.1 sq m 3BR at roughly VND 8.11 billion (about VND 102 million per sq m); and a 101.3 sq m Dual Key at roughly VND 9.43 billion (about VND 93 million per sq m). Across the whole basket, unit rates therefore range from about VND 77 million to VND 102 million per sq m, inclusive of VAT and the standard handover fit-out but excluding the 2% maintenance fee; the management fee is expected at VND 25,000–30,000 per sq m per month. Apartments are handed over to the Masteri Collection standard with frameless glass doors, kitchen cabinetry with built-in appliances and international-brand sanitary ware. The development offers 31 on-site amenities laid out from the 1st to the 4th floor and on the upper levels, including a resort-style pool, sky garden, meditation garden, pickleball court, BBQ area and co-working space.
**About the developer.** The legal investor of the project is Tuyen Son House Development Company Limited, and the project name in the legal file is "Tuyen Son apartment, commercial office and housing complex"; Masterise Homes (part of Masterise Group) is the development manager. Masterise Homes is a high-end residential developer whose portfolio includes Grand Marina Saigon, Lumiere Riverside and The Rivus Elie Saab, along with several projects branded in partnership with international names such as Marriott International. Masteri Rivera Danang is Masterise Homes' first project in the Da Nang market.
**Who is it for?** The project suits young families and professionals working in central Hai Chau who want a fitted-out apartment they can take possession of within a short horizon rather than waiting several years. The second group is rental investors, thanks to the short drive to the airport and My Khe Beach and the steady rental demand from tourists and foreign professionals. For foreign buyers, this is a condominium product, so purchases fall within the 30% cap per building, with a 50-year ownership term that may be considered for extension under the prevailing regulations. As the towers have topped out and handover is expected in Q4/2026, the developer's remaining inventory narrows with each release.
Happy Land keeps track of the original price list, the remaining inventory by tower and unit type, and the payment terms, discounts, loan support and latest confirmed handover milestones from the developer. If you are interested in Masteri Rivera Danang, please contact Happy Land for the detailed price list, unit floor plans and advice on choosing a unit by view, floor level and budget.
📍 Hoa Cuong Ward (formerly Hoa Cuong Nam Ward, Hai Chau District), Da Nang City
Masteri Rivera Danang stands at 50 Quy My Street, Hoa Cuong Ward (formerly Hoa Cuong Nam Ward, Hai Chau District), inside Da Nang's administrative and financial core and only a short hop from the banks of the Han River. The site has three frontages onto Quy My – Tran Dang Ninh – Nguyen Lo Trach, so residents reach the 2/9 boulevard and Tran Thi Ly Bridge within minutes, and from there the Son Tra Peninsula, My Khe Beach or the heart of Hai Chau. Within a 1–2 km radius the urban infrastructure is already complete and running smoothly: Lotte Mart, the city administrative centre, Asia Park (Sun World Asia Park), Tien Son Sports Arena, major hospitals and international schools such as Skyline. Da Nang International Airport is about 15 minutes by car, and the ancient town of Hoi An about 30 minutes along the coastal Vo Nguyen Giap – Lac Long Quan route. With this address, the project suits both families working in the central district who need a home to live in and investors targeting long-stay and short-stay rentals, given the steady year-round flow of tourists and foreign professionals into Da Nang.
Masterise Homes' first apartment project in Da Nang and in the central region of Vietnam, officially launched for sale in June 2025 with 1,112 units per document No. 9223/SXD-QLN dated 21 November 2024 issued by the Da Nang Department of Construction (marketing material often states close to 1,200 units).
An 18,296 sq m development of two towers with 39 storeys above ground plus two basement levels, offering everything from 1BR+ to 3BR and Dual Key layouts, sized 47.4–101.3 sq m per the published price list (some agents advertise up to 113 sq m).
Central position in Hoa Cuong Ward, with three frontages onto Quy My – Tran Dang Ninh – Nguyen Lo Trach, a few minutes from the Han River and the city administrative centre.
A set of 31 on-site amenities laid out from the 1st to the 4th floor and on the upper levels: resort pool, sky garden, meditation garden, pickleball court, BBQ area and co-working space.
Topped out on 1 December 2025 and now in the fit-out stage, with handover announced by the developer for Q4/2026 (many agents quote Q3/2026); apartments are handed over to the Masteri Collection standard with frameless glass doors, kitchen cabinetry and international-brand sanitary ware.
The legal investor is Tuyen Son House Development Company Limited (project name in the legal file: Tuyen Son apartment, commercial office and housing complex), with Masterise Homes acting as the development manager.
As a condominium, foreign buyers may purchase within the cap of 30% of the total units in each building, with a 50-year ownership term that may be considered for extension under the prevailing regulations. Vietnamese citizens and overseas Vietnamese who still hold Vietnamese nationality own on a long-term basis. Eligibility must be checked for the property type, project, specific unit and buyer. Read the foreigner guide →
Masteri Rivera Danang is Masterise Homes' first luxury apartment project in Da Nang, located at 50 Quy My Street, Hoa Cuong Ward (formerly Hoa Cuong Nam Ward, Hai Chau District). The legal investor is Tuyen Son House Development Company Limited (project name in the legal file: Tuyen Son apartment, commercial office and housing complex), with Masterise Homes as the development manager. The project covers 18,296 sq m with two towers of 39 storeys above ground, two basement levels and 1,112 apartments per document No. 9223/SXD-QLN dated 21 November 2024 issued by the Da Nang Department of Construction (marketing material often states close to 1,200 units), offering layouts from 1BR+ to 3BR and Dual Key, sized 47.4–101.3 sq m per the published price list (some agents advertise up to 113 sq m). Sales launched in June 2025, the towers topped out on 1 December 2025, and handover is announced by the developer for Q4/2026, while many agents quote Q3/2026.
According to the indicative price list currently circulating in the market, a 47.4 sq m 1BR+ is around VND 4.13–4.51 billion, a 66.9–68.3 sq m 2BR starts at around VND 5.14 billion, a 79.1 sq m 3BR is around VND 8.11 billion and a 101.3 sq m Dual Key is around VND 9.43 billion, giving unit rates of roughly VND 77–102 million per sq m. These prices include VAT and the standard handover fit-out but exclude the 2% maintenance fee; the management fee is expected at VND 25,000–30,000 per sq m per month. The exact price varies with floor level, view and the payment schedule of each release. Please contact Happy Land for the developer's original price list and the current inventory.
Yes. Because this is a condominium, foreign buyers are permitted to purchase within the cap of 30% of the total apartments in each building, with a 50-year ownership term that may be considered for extension under the prevailing law. Vietnamese citizens and overseas Vietnamese who still hold Vietnamese nationality own on a long-term basis. Since the 30% foreign quota is limited, Happy Land will check how many units remain within the quota before advising on unit selection.
Masteri Rivera Danang is priced From around VND 4.13 billion for a 1BR+ unit (47.4 sq m) and from around VND 5.14 billion for a 2BR unit (66.9–68.3 sq m), equivalent to roughly VND 77–102 million per sq m depending on unit type. Prices include VAT but exclude the 2% maintenance fee and the management fee, expected at VND 25,000–30,000 per sq m per month. (around Khoảng 77 – 102 triệu đồng/m² (tham khảo, đã gồm VAT và nội thất bàn giao cơ bản; chưa gồm 2% phí bảo trì và phí quản lý 25.000 – 30.000 đồng/m²/tháng)). Contact Happy Land for the detailed price list and current available units.
Masteri Rivera Danang is developed by Masterise Homes (nhà phát triển) — Chủ đầu tư: Công ty TNHH Phát triển nhà Tuyên Sơn, located in Hoa Cuong Ward (formerly Hoa Cuong Nam Ward, Hai Chau District), Da Nang City. Project scale: 18,296 sq m site; two towers of 39 storeys above ground plus two basement levels; 1,112 apartments (per document No. 9223/SXD-QLN dated 21 November 2024 issued by the Da Nang Department of Construction; marketing material often states close to 1,200 units); 31 on-site amenities.
Masteri Rivera Danang is currently selling now. Expected handover: Expected Q4/2026 (many agents quote Q3/2026); topped out on 1 December 2025. Contact Happy Land for the latest construction progress and available units.
Masteri Rivera Danang (Luxury apartment) offers: 1BR+, 2BR, 2BR+, 3BR and Dual Key. Contact Happy Land for floor plans and prices for each unit type.
Masteri Rivera Danang is located in Hoa Cuong Ward (formerly Hoa Cuong Nam Ward, Hai Chau District), Da Nang City. Notable connections and amenities: Lotte Mart Da Nang - about 1 minute away; Skyline International School - about 1 minute away; Asia Park (Sun World Asia Park) - about 5 minutes away; Da Nang City Administrative Centre - about 10 minutes away.
As a condominium, foreign buyers may purchase within the cap of 30% of the total units in each building, with a 50-year ownership term that may be considered for extension under the prevailing regulations. Vietnamese citizens and overseas Vietnamese who still hold Vietnamese nationality own on a long-term basis. Happy Land helps check buyer eligibility, project documents and the specific unit before a transaction.
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