Indochina Land Starts Selling Tourism Complex in Central Vietnam
Indochina Land, a real estate division of Indochina Capital, has launched sales of apartments and villas at its beachfront resort and residential complex in central Danang city.
The starting price is US$200,000 per apartment and US$1.1 million per beachfront villa, Michael Piro, Indochina Land director of sales and marketing for the northern and central regions said.
Vietnamese buyers can benefit from a freehold tenure while foreign ones will be able to purchase ownership rights which will offer them real access to the exciting Vietnamese property market.
An official of Savills Vietnam Limited said that the project's sales agency, many potential customers had visited the model apartment over the last several days.
The condominium and villa selling program will be held at the five-star hotel Park Hyatt Saigon on May 26.
The Hyatt Regency Danang Resort and Spa complex, which was kicked off March last year, is one of the four projects Indochina Land has been developing in the central coast totaling US$130 million.
The other three are the luxury The Nam Hai resort, Montgomerie Links Vietnam golf course, Indochina Riverside Towers.
The complex covering a 20-hectare site stretching some 650 meters along the beach near Ngu Hanh Son Mountains houses l74 luxury condominiums, 27 three-bedroom villas and some 200 hotel rooms and suites.
When operational in 2011, it will be managed by Hyatt Hotels & Resorts, a member of Global Hyatt, becoming the second property to managed by Hyatt in Vietnam. (Saigon Economic Times, Vietnam Real Estate Online)
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