Japanese firms Sun Frontier and Cosmos Housing have started constructing two property projects in the beach city, sparking the recovery of the deadlocked real estate market.

The Cosmos Housing company broke ground on its twin tower trading house project Da Nang Landmark on an area of 3,765 square metres with an investment of 1.6 trillion VND (64 million USD). The building, located on the bank of the Han River, will include 446 apartments and eight shophouses and is expected to be completed by the second quarter of 2027.

Meanwhile, Sun Frontier, another Japanese investor, began constructing its Hiyori Aqua Tower in the Son Tra Peninsula. This is the company's second investment project in Da Nang after its Hiyori Garden Tower was built in 2019. The 25-storey luxury project will include 202 flats and is set for completion in the third quarter of 2026.