An urban area is developed in Da Nang. The city has planned a complex including a hospital, heath school and apartment project in Ngu Hanh Son district. — VNS Photo Cong Thanh

Da Nang City and Thua Thien-Hue Province have approved some key property projects for construction in the third quarter of this year, calling for investment to help recover the real estate market growth that was postponed by the COVID-19 pandemic.

Da Nang has planned the Complex of Health-Medicine education school and luxury apartments in Ngu Hanh Son District, covering 1.2ha with an investment of VND1.18 trillion (US$51.3 million).

The complex will include a hospital, a medicine school and a hostel for students – the first of its kind in Da Nang. The project has been scheduled for construction in late of 2020 for full operation in 2025.

An area of 1.8ha in the district was reserved for a high-rise apartment project with total investment capital of VND1.98 trillion ($86.4 million).

In Thua Thien-Hue Province, two residential projects have been planned in the new An Van Duong urban zone in Huong Thuy Township, covering a total area of 19.8ha. — VNS