3:26:42 PM | 7/8/2005
The 203-hectare Da Phuoc urban area and golf course project received the thumbs-up to be located on an area enclave surrounded by
Construction will comprise a 27-hole golf course, a 12.8-hectare residential and commercial complex, an 8.7-hectare high-rise housing compound and a 9.8-hectare municipal cultural centre.
It will be the third golf course in the central city with the two others planned in Hoa Vang district and Nam Non Nuoc beach, local authorities said.
The master plan, proposed by P& Z Development of Singapore, will also feature facilities such as a sports and yacht club, international school and parks.
The proposal came after a Singaporean-Vietnamese submission to turn Da Phuoc into a massive housing and resort complex.
A source from the Danang Planning and Investment Department said that the Singaporean company First Key Agents will team up with Hanoi-based Binh Minh Construction Investment Company to set up a 107 ha golf course, and 7.3 ha of townhouses, 9.7 ha of five- to 10-story housing blocks, 4 ha of 15-25 residential complexes, as well as a hotel, office, exhibition center, and sports and entertainment facilities.
However, investment capital for the massive development has not been defined, the source said.
The golf course is scheduled for operation by 2007.
The First Key Agent’s plan shows the pulling power of Danang, where developers are lining up to propose luxury resorts in anticipation of a future tourism boom.
Two American companies including
Other developers are setting up international standardized resorts along Danang’s coast, which the city has zoned for five-star resort complexes.
According to an official from VNAT, although toted as a gateway to central
The local hospitality industry has set targets to accommodate two million tourists annually, earning revenues upwards of VND1.5 trillion (US$96.1 million).
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