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Explore Vietnam
Just delivered 2026
Gotec Land
Just delivered 2026
Only beachfront project in Da Nang with hot mineral spring therapy, dual 5-star operators, and direct exposure to the Lien Chieu Port economic zone
Beachfront twin-tower project on Nguyen Tat Thanh coastal road in Lien Chieu District, Da Nang. 487 apartments across 34-story Apollo and Athena towers with a hot mineral spring therapy concept, 55m from the beach. Apollo tower operated as a hotel-serviced residence by WorldHotels; Athena tower managed as a residential community by Secondhome. Developed by Gotec Land (Asiana Paramount), designed by Huni Architectes (France), built by Newtecons with BIM technology. 30% construction density with 8 units per floor.
Balanced for both homeowners and investors.
Shizen Nami is a distinctive beachfront wellness product — the only Da Nang project combining direct ocean frontage with a hot mineral spring therapy concept — but it sits 13 km from the city center in an underdeveloped port district, has slipped its handover three times, and carries developer financial risk that buyers must weigh carefully before committing.
Homeowner: A resort-lifestyle purchase with real tradeoffs for permanent residents. The mineral spring wellness concept and on-site facilities (AAA Health Center, hot spring pool, beachfront restaurant) are genuinely differentiated within Da Nang, but the project sits 13 km from the city center in a developing port district — hospital access is 5.6 km away, schools are sparse, and the coastal road directly in front carries growing port truck traffic. Three handover delays from a financially stressed developer add uncertainty to move-in timing that any homeowner should weigh carefully.
Investor: A catalyst-dependent bet on Lien Chieu's port-district transformation — with genuine momentum now but meaningful execution risk. The port container terminal broke ground in April 2026 and the FTZ awarded 910 ha of zone certificates in June 2026, validating the long-term thesis. However, primary prices have already retreated 25% from the 2024 launch, Vinhomes Hai Van Bay is entering the same coastal corridor with over 2,400 launched units, and parent company Nam Land's multi-year operating losses are an unresolved overhang. Patient investors with a 5–10 year horizon may see the thesis play out; near-term resale exit looks difficult.
| Market range | 60 triệu – 67 triệu/m² |
| Unit price | 3,38 tỷ – 5,59 tỷ |
| Launch price | 73 triệu/m² |
| Project | Price | Distance |
|---|---|---|
| Shizen Nami | 63 triệu/m² | — |
| Vinhomes Hải Vân Bay | 70 triệu/m² | 4.7 km |
Primary asking prices have retreated ~25% from 2024 launch levels as handover has slipped three times, settling around 55M/m² for delivered-adjacent units, while infrastructure catalysts — port, FTZ, and road bypass — have all broken ground and are now in active construction.
| Developer | Gotec Land |
| Status | Just delivered 2026 |
| Completion | 2026 |
| Total Units | 501 |
| Towers | 2 |
| Launch Date | 2021 |
| Handover | 2026-Q2 |
| Construction Permit | Approved |
| Pink Book | Not issued |
| Legal Notes | Perpetual ownership for Vietnamese nationals, 50-year for foreigners. Pre-sale approved. Topped out June 2024; in finishing phase. Handover slipped three times from the 2023 original target to Q2/2025, Q4/2025, then Q2/2026 (end-June 2026). As of late June 2026 the Q2/2026 window is closing with no official handover commencement confirmed by Gotec Land. Pink books pending post-handover; no batch issuance announced. VPBank financing up to 70%, 0% interest first 18-24 months. Developer risk: Nam Land (parent company of Gotec) reported operating losses of 120.7B VND (2022), 139.1B VND (2023), and 45.5B VND (H1 2024), and was fined 92.5M VND in 2024 for bond disclosure violations. A 900B VND bond issued July 2021 and secured by Gotec Land equity and Shizen Home HCMC project assets was late on interest; that HCMC project remained legally frozen 3+ years before HCMC granted in-principle approval to resume in December 2025. May 2026 government review found the Shizen Home situation did not cause state budget losses. Buyers should conduct developer due diligence before committing. |
Shizen Nami
| CBD (peak) | 27 min |
| CBD (off-peak) | 24 min |
| Airport (peak) | 28 min |
| Airport (off-peak) | 24 min |
The resident base is primarily resort investors and wellness-focused buyers from Hanoi and Ho Chi Minh City seeking Da Nang beachfront exposure at accessible price points. Permanent occupancy is expected to be low — most units are purchased for vacation use or managed rental through the WorldHotels and Secondhome operators. The profile skews toward buyers comfortable with a long horizon as the Lien Chieu port-district transformation plays out.
