No Comments

The New developers  in the resort property market

Da Phuoc Canvital International Da Phuoc urban area project

After the Vingroup, Sun Group, CEO Group, FLC … the resort real estate is witnessing the participation of many new players, from the high-level giants to the unit dedicated social housing .

The “play” highlights first to mention Novaland. The giant of the Sai Gon real estate village in early 2016 invested $ 35 million to invest in Nova Phu Sa Resort in Con Au, Hung Phu Ward, Cai Rang District, Can Tho.

The resort property market is welcoming new "players" (illustration)
The resort property market is welcoming new “players” (illustration)

The project has a total area of ​​130 hectares. In particular, the resort and luxury resort in Con area has an area of ​​nearly 20 hectares, 60 high-grade rooms, 47 villas with dozens of other projects. Novaland is expected to complete the resort in June this year.

Following this pioneering step, Novaland has been more aggressive in entering the resort market. In the third quarter of last year, the group acquired the Da Phuoc International Urban Area project (also known as D – City) from Korean investor Daewon Cantavil, through which it officially set foot in. Da Nang holiday market.

Da Phuoc Canvital International Da Phuoc urban area project
Da Phuoc Canvital International Da Phuoc urban area project has gone to Novaland

D – City is the fifth largest project of Deawoo in Vietnam and is the largest FDI project in Danang, at the scale of 180ha with the investment of $250 million. The project has enough items of a coastal high-end urban area such as resorts, 18-hole golf course of 80 ha, high-rise hotel, luxury apartment (40 ha), 33-storey apartment with 8,500 apartments, international schools and sea clubs …

Under the approved plan, Korean investors are expected to deploy D – City within 10 years. However, the difficulty in raising funds has made during that time, Daewon only do the only thing is leveling. After a decade of bogged down, the investor decided to retreat.

According to Phan Thanh Huy, General Director of Novaland Group, after the acquisition of this project, Novaland will together with North 79 companies jointly develop. Immediately, the two sides will adjust the project planning to suit the reality and the current market demand.

Novaland says it will give priority to low-rise buildings such as villas, townhouses, and resort functions, rather than focus on high-end housing. floor. Expected to 2019, this super project will be completed.

Along with Novaland, another big real estate company is Hung Thinh Investment Real Estate Trading Joint Stock Company is also stepping into the property real estate market.

Nguyen Dinh Trung, Chairman and General Director of Hung Thinh said that the unit is planning to provide 2017 market over 5,500 residential apartments, 1,000 land, 250 sea villas and 1,000 tourist apartments.

2017 will be the year mark Hung Thinh to participate in the hotel and tourism segment. Accordingly, Hung Thinh will exploit 200 rooms of 3-star standard hotel and build 3-star and 4-star hotels and resorts in projects nationwide.

Currently, Hung Thinh is offering a 16 ha Sentera Villa project in Phan Thiet, while taking the final step in another acquisition of a project in Cam Ranh, where the company had previously invested Golden Bay project of 79 hectares.

Sentora Villa
Hung Thinh Sentora Villa is being offered for sale in Phan Thiet

Hung Thinh’s partner is Phuc Khang Construction and Investment Joint Stock Company. After success with a series of land projects in Long An and Dong Nai, it is also entering the resort segment in Binh Thuan.

Vietnam Square – Mui Ne – Phan Thiet is one of the most notable projects of Phuc Khang. The project includes shophouse, trade center, exhibition and condotel hotel complex, more than 500 rooms.

Song in Phan Thiet is not only Phuc Khang. Also present here is another surprising name: JSC Consulting – Trading – Real Estate Services.

This “social house” expert is currently planning a detailed 1/500 scale construction for the Ham Tien – Mui Ne Tourist Service Center in the direction of forming a Commercial – Service – Sport – Culture – Training – Finance.

The project covers an area of ​​198 hectares and is expected to be divided into three functional zones. In particular, zone 1 will renovate the existing residential area in combination with the romantic coastal walk. Zone 2 is a complex of tourist, financial, educational and sports services for tourists. Zone 3 is the most ecologically-friendly marine resort in Binh Thuan as well as the coastal tourist region of Central Vietnam. It is estimated that the total investment of the project is about $ 200 million.

You are reading the article The New developers  in the resort property market in the Real Estate category at https://realestatevietnam.com.vn/. Any information sharing, feedback please contact through Hotline 0909890897 (24/7) or email to info@realestatevietnam.com.vn.
Special thanks!

Comments (0)