Da Nang Housing Investment Development

What Da Nang Housing Investment Development does

Da Nang Housing Investment Development (Công ty CP Đầu Tư Phát Triển Nhà Đà Nẵng, HNX: NDN) is a Vietnamese publicly listed real estate developer and construction investor founded in 1992 and headquartered at 38 Nguyen Chi Thanh, Hai Chau, Da Nang. The company operates across three core business lines: infrastructure investment (transportation, industrial zones, residential zones), real estate investment (residential, mixed-use, and tourism-oriented properties), and construction investment (civil works, high-rise apartments, water plants). Its completed portfolio includes the Monarchy luxury apartment complex with Smarthome automation in every unit, Da Nang Plaza (158 apartments on 3,300 m²), LaPaz Tower (77 units on 811 m²), and large public infrastructure deliveries such as the 600-bed Da Nang General Hospital, the Hòn Thủy Sơn elevators, and the Da Nang Convention and Exhibition Center.

The company's go-to-market is direct-to-buyer: residential apartments, shophouses, and commercial units are sold through company sales offices and dedicated hotlines (0236 269 5555, 0236 3561577) to middle-class families, first-home buyers, and individual real estate investors in Da Nang. Distribution is single-country and domestic, supplemented by a corporate website (ndn.com.vn) with bilingual Vietnamese/English content and a public investor relations portal that publishes financial reports, governance documents, and annual shareholders' meeting materials. Pricing is not publicly disclosed and appears individualized per transaction.

Revenue recognition is project-based and volatile: 2025 revenue of approximately VND 1.01T (~$40M USD) follows a sharp contraction from 2023 (VND 17.96T) and 2021 (VND 22.27T), typical for Vietnamese developers where revenue is recognized on project handovers. The forward pipeline — Monarchy Block B under active investment and Paracel Project plus N Tower in the planned investment queue — signals continued investment in residential and tourism-oriented product surface within Da Nang, with optionality to participate in the 17 Da Nang residential projects approved for foreign ownership.

Name

Da Nang Housing Investment Development

Legal name

CÔNG TY CP ĐẦU TƯ PHÁT TRIỂN NHÀ ĐÀ NẴNG

Website

https://ndn.com.vn

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

51–100 employees

Short description

Da Nang Housing Investment Development is a Vietnamese publicly listed developer (HNX: NDN) that builds and sells residential apartments, mixed-use complexes, and tourism-oriented properties directly to families and investors in Da Nang.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Residential Building Construction (2361), New Housing For-Sale Builders (236117), Real Estate Property Managers (53131)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Real estate development
• Residential apartments
• Luxury condominiums
• Infrastructure construction
• Smart home housing

Headquarters

HQ city

Da Nang

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Distribution channels1 record

Marketing channels3 records

Core offering

Da Nang Housing Investment Development is a Vietnamese real estate developer that designs, builds, and sells residential apartment projects in Da Nang, including the Monarchy luxury smart-home apartments, Đà Nẵng Plaza (158 units), LaPaz Tower (77 units), Monarchy Block B, Paracel Project, and N Tower. The company also undertakes construction of public infrastructure such as hospitals, convention centers, and elevator systems. It sells apartment units directly to individual buyers and holds long-term land use rights for its developments.

Product overview

Da Nang Housing Investment Development operates as a real estate developer offering infrastructure investment, real estate investment, and construction investment services. The company manages a portfolio of residential and mixed-use developments including completed projects (Đà Nẵng Plaza with 158 units, LaPaz Tower with 77 units, and Monarchy luxury apartments with smart home automation), projects under development (Monarchy Block B resort complex), and planned developments (Paracel Project and N Tower). The company's real estate projects feature smart home technology integration for residential units.

Differentiator

Problem solved

Functional benefit

Products and services

• Monarchy (Luxury Smart-Home Apartments) Luxury residential apartment project in Da Nang featuring integrated smart-home technology, targeting affluent individual buyers and families seeking modern, amenity-rich residences.
• Đà Nẵng Plaza Residential apartment project of 158 units located in Da Nang, Vietnam, sold to individual buyers and households.
• LaPaz Tower Residential apartment project of 77 units in Da Nang, Vietnam, sold to individual buyers.
• Monarchy Block B Additional block of the Monarchy luxury residential apartment project in Da Nang, incorporating the same smart-home positioning as the original Monarchy development.
• Paracel Project Residential development project by Da Nang Housing Investment Development in Da Nang, Vietnam.
• N Tower Residential apartment tower project in Da Nang, Vietnam, sold to individual buyers.
• Da Nang General Hospital (600 beds) Public infrastructure construction project delivering a 600-bed hospital facility in Da Nang, Vietnam, executed for government and public-sector clients.
• Da Nang Convention and Exhibition Center Construction of a large-scale public convention and exhibition center in Da Nang, Vietnam, delivered for public-sector clients.
• Hòn Thủy Sơn Elevator System Construction of an elevator system infrastructure at Hòn Thủy Sơn in Da Nang, Vietnam, delivered for public-sector clients.

Quantifiable outcome

• Multiple completed projects including Monarchy complex, Da Nang Plaza (158 apartments), LaPaz Tower (77 apartments), 600-bed Da Nang General Hospital, Da Nang Convention and Exhibition Center
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Recent moves4 records

Expansion highlights4 records

Direct peers

• Novaland: Major Vietnamese residential and mixed-use developer (HOSE: NVL). Highly comparable product mix (apartments, mixed-use, shophouses) and customer base, though Novaland operates at national scale and has recently been under financial stress — useful as both a benchmark and a sector-risk indicator.
• Phat Dat Real Estate Development: HOSE-listed mid-tier Vietnamese developer (PDR) focused on residential and mixed-use projects in southern Vietnam. Closely comparable business model of building and selling apartments/townhouses, including luxury positioning, and a similar public-company structure.
• Dat Xanh Group: HOSE-listed Vietnamese real estate services and development group (DXG). Comparable as a developer-broker hybrid active across southern Vietnam, with similar exposure to for-sale residential and brokerage-driven sales.
• Becamex IDC: HOSE-listed industrial park and residential developer (BCM) with deep public-infrastructure exposure in Binh Duong. Comparable mix of large-scale residential development and public infrastructure delivery.
• Kinh Bac City Development: HOSE-listed Vietnamese developer (KBC) of industrial parks and urban residential projects. Comparable for its combined residential and infrastructure investment thesis, though operating primarily in northern Vietnam.
• Hai Phat Development: HOSE-listed Vietnamese real estate developer (HPX) developing residential projects in Hanoi and surrounding provinces. Comparable size, public-listing structure, and for-sale residential focus.
• Nam Long Investment: HOSE-listed mid-tier Vietnamese developer (NLG) building EHome, Flora, and Valora residential brands. Comparable mid-market to affordable residential developer with public-market discipline.
• Hoang Huy Investment Services: HOSE-listed Vietnamese developer (HHS) active in residential and mixed-use real estate. Comparable mid-tier public developer with residential focus.

Broad incumbents

• Vinhomes: Vietnam's largest residential real estate developer (HOSE: VHM), part of Vingroup. Comparable as a for-sale residential developer targeting urban middle-class and luxury buyers across Vietnam; NDN is a regional mid-cap version of this model focused on Da Nang.
• CapitaLand Development: Regional Singapore-listed residential developer with Vietnam operations. Comparable as a foreign-investor-friendly residential developer in Vietnam; broader scale and geography but same target customer pool (urban middle-class and foreign buyers).

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/danang-housing-investment-development-jsc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Da Nang Housing Investment Development