The precursor of Sunrise Bay project is encroaching sea urban area invested by Daewon Cantavil Limited Liability Company with capital up to $ 250 million. This is also the second largest project of Daewon Group in the world and also the fifth project that the group invested in Vietnam at that time.
However, after nearly a decade of freezing, Korean investors have withdrawn their capital, so the encroaching sea urban area project in Da Nang will be restarted by Novaland Group in order to make this place become the most livable Compound urban area in Danang, helping to completely change the whole appearance of Danang City
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The acquisition of Da Phuoc new urban area of Novaland Group is considered by as a noteworthy event by professionals not only in Danang but also in the Central. Because this is not only the largest scale project in the Danang area but it also has a great significance in Danang’s urban planning, construction and development in the future. This is also a large-scale sea encroachment project of the whole Central Region. Especially, Da Phuoc urban area is located on the axis of East-West Economic Corridor, this will create a highlight on this important economic corridor after being formed.
Information of Sunrise Bay – Novaland Da Nang Project
The name of the project: The Sunrise Bay
Project’s owner: Novaland Group in corporation with Bac Nam Investment Company 79
Location: Nguyen Tat Thanh Street, Thanh Binh & Thuan Phuoc Ward, Hai Chau District, Da Nang City.
Scale of the project: 180ha
Construction types include: townhouses, high-grade apartments, villas, commercial centers, conventional centers, schools, hotels …
Estimated implementation time: first quarter of 2017
The highlight of Sunsire Bay Novaland Danang is the artificial floating island, designed by world famous architects who designed large projects in Singarore. With the most unique and modern architecture in the heart of the urban area, this is considered to be a world-class luxury resort. After the formation, the project is expected to change the whole appearance of Da Nang City, makes this place the most desirable city in Vietnam.
Overview of the Novaland Group
The Group was established on September 18, 1992 (the precursor is Thanh Nhon Company), Nova Group operates in the fields of producing and trading aquatic medicine, veterinary medicine, building villas for rent.
Novaland Group is also a joint stock company specializing in the field of Real Estate Development and Investment in Vietnam. The word Nova is derived from Latin: Novator means a person who improves.
In 2007: Because of the difference in business lines, the group was split into two groups:
– ANOVA CORPORATION: The company specializes in the development of value chain providing source of clean traceable food.
– NOVALAND GROUP: Specializes in the field of real estate.
Today, Novaland Group has become one of the most prestigious companies in real estate investment and development with a total chartered capital of VND3,600 billion and total assets of over 23 trillion.
Considered to be a world-class private economic corporation, along with strong developments in the real estate field, it contributes greatly to bring a happy and prosperous life for the community.
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