On June 10, the Department of Construction of Da Nang City officially announced that Mega Assets Company Limited was allowed to sell 530 apartments formed in the future at the Capital Square 2 Urban Area project, including 265 apartments at building 2.4 and 265 apartments at building 2.6.
Capital Square 2 Urban Area Project is located on Ngo Quyen Street, An Hai Bac Ward, Son Tra District, Da Nang City, with a land use area of 31,960 m2. The project includes 7 high-rise apartments and 1 office - service block, with a total of more than 1,500 apartments. The two buildings 2.4 and 2.6 are both 28 floors high with an attic.
The Department of Construction requires the investor and Mega Assets Company Limited to be responsible for the accuracy and honesty of the project information provided. In particular, investors must ensure compliance with legal regulations on real estate business, including the release of mortgaged assets before signing a sales contract with customers, performance of guarantees in the sale of future housing and comply with regulations on payment in the sale of future housing. Accordingly, the initial payment must not exceed 30% of the contract value, the total payment amount must not exceed 70% of the contract value before handing over the house, and must not exceed 95% without a land use right certificate.
Investors must also fulfill other obligations such as establishing an account to manage apartment maintenance costs, publicizing project information, reporting on project implementation status, and complying with legal regulations on investment, land, housing, construction, environmental protection, fire prevention and fighting.
