Archive | October, 2009

The Summit Danang

7 Oct
Meridian Property is proud to bring a first-rate residential development, The Summit, to Danang. When we started with this project, we set out to achieve three main goals: to provide unsurpassed quality of living for its residents, to develop on the best that Danang has to offer and lastly, to offer great value for the buyer in terms of long-term ownership and investment. We have taken great effort to work closely with our architect and professional consultants to create something unique, which is catered specifically to living in Danang.


Strategically located within the heart of Danang, The Summit is close to all key amenities, such as the commercial hub, markets, shops, schools and a host of recreational facilities. Minutes away from town, yet low in traffic offering peace and tranquility.


An exquisite yet calming retreat from the hustle and bustle of the everyday world – offering you few distractions and providing affordable luxuries.

By pulling together function, mood and harmony, yours is a personal space where you can take it easy… Without feeling that you have to give up excitement and drama to do so.


Designed by an award-winning architectural firm, The Summit features lust greenery combined with moderm facilities. Within its well-planned spaces is all the amenities to complement your lifestyle.

For your leisure, relaxation and entertaiment:

– Beautifully landscaped grounds with water features, barbercue corner and playground.
– 25m-lap swimming pool and children’s pool
– Pool deck /sun deck
– Fully equipped gymnasium and game room
– Convered carpark
– Fully wired up connectivity for cable television, telephone and internet
– Child safely design
– 24-hour security
– exclusive concierge service for all residents
– Shopping and commercial area


For further information, please contact:

Meridian Property

Vietnam Office: 6th Floor, 73 Tran Duy Hung Street, Hanoi.
Tel: 84.4.3556 3505 – Fax: 84.4.3556 3506

Singapore Office: 150 Cecil Street, #10-06 Singapore 069543
Tel: 65.6226 2822 – Fax: 65.6223 9131

Lighthouse Nha Trang Complex

5 Oct
Khanh Hoa provincial People’s Committee on October 10 licensed the Lighthouse Complex Tower Nha Trang project invested by Hai Dang Investment Joint Stock Co. that was formed by six large sized shareholders namely PetroVietnam, Saigon Co.op, Hoa Binh Real Estate Construction and Trading Joint Stock Co., PetroVietnam Finance Joint – Stock Corp, PetroVietnam Finance Consulting and Investment Joint Stock Co.-HCM City branch, and Dai Hai Investment Joint Stock Co.

As designed by Singapore’s Laud Architest with the coordination of 12 domestic and international design consultants, the project covers over 6,500 sqm in Le Thanh Ton St.

The project comprises of two 36-storey towers, 150 metres high, hotels, trade centres, high class relaxing area, offices and apartments for lease.

In details, the complex has a total construction area of 125,000 sqm, 400 apartments, and 250 five star hotel rooms, 10,000 sqm of offices Grade A and 15,000 sqm of trade centres, culture and relaxing area.

Ascott bags Vietnam management contract

5 Oct
CAPITALAND’S serviced residence arm has clinched a management contract for a property in the coastal city of Hai Phong.

The Somerset Central TD, Hai Phong, will open in the second half of next year and offer 132 units ranging from studio to three-bedroom apartments, The Ascott Group said yesterday.

This will be the seventh property in Ascott’s portfolio in the country and will boost its inventory in Vietnam to 1,182 units.

The latest management contract is from Thuy Duong Investment Joint Stock Company, a property company with developments across Vietnam’s major cities.

The property is part of the landmark TD Plaza, a mixed use development at Le Hong Phong Road that comprises a five-storey mall, which is already operating; an office block; and two towers of residential apartments and serviced residences.

‘The new Somerset property will be the first international branded serviced residence and the largest serviced apartment in Hai Phong,’ Ascott said.

The latest property will cement Ascott’s position as the largest international serviced residence operator in Vietnam.

Ascott CEO Lim Ming Yan, said: ‘Vietnam has significant potential for Ascott to grow its presence. Our five properties in Hanoi and Ho Chi Minh City are performing well with an average occupancy of about 90 per cent.

‘We expect strong demand from the influx of expatriates to Hai Phong as the city further urbanises. The local government has plans for new industrial parks in Hai Phong which will spur economic growth. Vietnam and Singapore will also develop a 1,600-hectare integrated township and industrial park there,’ he added.

Ascott currently manages five serviced residence properties in Hanoi and Ho Chi Minh City totalling 818 units. Another property with 232 units will open in Ho Chi Minh City in the second half of 2011.

Source: The Business Times