Masteri Rivera Danang

About Masteri Rivera Danang

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.