Archive | March, 2010

Royal Hill Villas

30 Mar

Overview

60 of the 172 Royal Hill Villas in Phan Thiet will be investors, Rang Dong Group, offer a period of the project on 5 / 1.

Royal Hill in Sea Links City is located in Mui Ne, Phan Thiet. The Project with 12.7 ha scale and density of construction 22%. The beautiful villas, located on the highest hill are 70 m above sea level.

Location

The idea of creating an advanced paradise resorts, separately and in harmony with an atmosphere of healing waters, the Royal Hill offers a customer not only the beauty of the sea and green spaces of lawn golf, but also the private space needed. Royal Hill is entitled to infrastructure in the City Sea Links golf & country club, restaurants, 5 star hotel and a 1 kilometer stretch of private beach.

The project is adjacent to the golf course, and has a panoramic vision and Sea Links Mui Ne bay. The villas have a built-up area of 240 m2 to 500 m2 with open design, which makes the distinct architecture of a private pool, garden or around the upper flexible open terrace. Customers who bought the land will be offered villa designs unique modern style, compliment with harmonious nature.






For further information, please contact:

SAPro real estate company
No. 6 Nam Quoc Cang Street, District 1, HCMC
Tel: 84.8.3925 1178 – Hotline: 84.8.3925 8898

Spring Life – Getting a solid start

22 Mar

With total area nearly 3ha located in Binh Trung Dong Ward, District 2, Ho Chi Minh City, far away from the highway Long Thanh – Vung Tau about 100m. Where will be ideal place in the future, just 6km from the Ho Chi Minh City center along the Long Thanh – Vung Tau highway is formed, construction; far away from the Thu Thiem urban center about 3km and 8km to New Urban Center of District 7 towards the Phu My Bridge.




Favorable external position, Spring Life is also designed with modern style, layout is arranged askew floor creates multicolored movement for project’s vertical. In addition to outstanding design, Spring Life Apartment project is full convergence standards of modern living, facilities with swimming pool, parking lot, shopping center, kindergarten. All mixed with natural landscapes peaceful and quiet mild Giong Ong To river. Here is worthy of applause for the achievement of your own.

Location map


Floor plans




Interior





The project will be broken ground and opening showroom on March 23, 2010.

For further information, please contact:

Khang Dien House Trading and Investment JSC
Add: Suite 603, Floor 6th, Centec Tower
72-74 Nguyen Thi Minh Khai, Ward 6, District 3, HCMC
Tel: 84.8.3820 8858 – Fax: 84.8.3820 8859
Email: info@khangdien.com.vn – Website: http://www.khangdien.com.vn

An upmarket office tower to take shape in Hanoi

21 Mar
The Housing and Urban Developmennt Corporation (HUD) on March 21 began construction of a high-class Office Block (HUD Tower) in Thanh Xuan district, Hanoi with a total investment capital of VND1,900 billion.

HUD Tower, designed by the Singapore-based KYTA Company, includes two office blocks of 32 and 28 floors.

The Tower, a project to recognize the establishment of the HUD Holdings, scheduled for March 24, will have a total floor area of 89,000 sq.m with modern equipment that meets the international standard for grade A office space.

The six lowest floors will be reserved for commercial and banking services and the three basements will be used as parking lots. The tower will offer added services for ideal working and relaxing environment.

HUD Vice CEO Duong Van Phuc said the tower has the advantage of its strategic position located near the road connecting the city centre with the development area to the west, where many other big projects are located.

When it is completed in 2012, the tower is expected to offer 56,000 sq.m of the office space for lease.

HUD plans to start signing leasing contract as soon as the construction of the foundation and infrastructure is completed in 2010.

Source: VOV News

Hanoi Master Plan by 2030 and Vision to 2050

19 Mar
The Ministry of Construction submitted a project on “Master plan of Hanoi by 2030 and a vision to 2050” early March. The project is aimed to develop Hanoi into a capital city of green space, civilisation and modernisation. On the sidelines of the government’s press conference on March, Deputy Minister of Construction Nguyen Dinh Toan said presented the project.

Toan said the project proposed suitable solutions to develop Hanoi on a total area of 3,300 square kilometres.


Urban structuring

The administrative centre of Hanoi from now to 2030 will be located at My Dinh, Hoa Lac and developed along West Lake-Ba Vi axis. In the 2030-2050, the municipal administrative centre will be moved to Ba Vi and the centre in My Dinh will be further expanded.

Urban structure will be changed with the development of core, satellite and ecological urban areas such as Hoa Lac, Xuan Mai, Quoc Oai, Phu Xuyen and Chuc Son. The city will also develop old urban areas in Son Tay, Soc Son, Dong Anh, Gia Lam and Me Linh. Among those, the construction of Hoa Lac urban area is the most feasible. The future urban area will receive a land fund for building an administrative centre.

Soc Son, Long Bien and Gia Lam urban areas will be re-planned with green and water space.

Transport pressure

The city’s transport infrastructure system in the near future has been appropriately planned to ensure people’s business demand and remove the gap between Hanoi and the old province of Ha Tay. Construction on Lang-Hoa Lac will be completed this year, expected to boost the city’s socio-economic development. I think that Hanoi’s transport pressure not only depends on where to put the administrative centre but also other factors such as accommodation and jobs.

The transport infrastructure system will be developed in the north and the south.

Paying attention to green corridor

The project plans to build a green corridor accounting for 68 per cent of the city’s natural area, to project important places like Ba Vi Mountain and Huong Tich and Soc Son regions. The corridor along Day, Tich and Ca Lo rivers aims to control development of nucleus and satellite urban areas.

The green belt along the Nhue River will form a buffer zone to distinguish between the core historical urban area and the expanded part of nucleus urban areas on belt road IV. The city will not develop residential areas along the belt, instead of building villages preservation villages and public works.

Regarding the green space, land for growing green trees in the city will increase by from 2-3 m2 per person to 10-15m2 per person.

Moving to social works to suburb

Big hospitals such as Bach Mai and Viet Duc will face overload if they are kept unchanged like presently, Therefore, the project proposes new locations for these hospitals named Viet Duc 2, Viet Duc 3 or Bach Mai 2 and Bach Mai 3.

Universities will also be moved to suburban areas. National University will be built on a site of 1,000 hectares in Hoa Lac. Many other universities and scientific centres will be located here. The city will also put some universities in Phu Xuyen, Soc Son and Gia Lam. Old universities will be considered for partial function change and narrowing their training scale.

Hanoi and its surrounding areas now lack entertainment areas. Thus, the Ministry of Construction is instructing the city’s concerned agencies to allocate land for these areas.

Source: VCCI/ Videoclip: Ashui

The Cham

18 Mar

A luxurious paradise awaits you, one inspired by the mystical beauty of the ancient Cham culture. The Cham Condominiums beckon with its sophisticated allure and high-end amenities. Situated just 20 minutes from Da Nang City, The Cham is part of the highly acclaimed Da Nang Beach Resort; one of the largest, most well regarded projects in Central Vietnam. The Da Nang Beach Resort comprises luxurious villas, high-end apartments, world-class golf courses, and many other premier facilities.

The Cham Condominiums is your personal oasis, a luxurious residence that offers spectacular views of the azure ocean, along with an awe-inspiring vista of the Cham Islands. Experience a first-class lifestyle complete with modern amenities and a bespoke ambience. A Cham beachside condominium is not just a premier investment opportunity but also the perfect escape from the ordinary. Live the extraordinary in peaceful luxury near the heart of Da Nang.

Condominium


The Cham Condominium is a private, luxury lifestyle by the azure sea. World-renowned Thailand architectural firm, Hassell, designed The Cham with the intent of creating an indulgent retreat away from the hustle and bustle of daily life. Each bespoke residence affords endless ocean views set amongst a verdant backdrop of the Cham Islands. Experience and live the resort lifestyle, one that is more than just a sound investment, but your exclusive and enchanting enclave.




Facilities

The Cham’s Beach Club


The Cham’s Beach Club, part of The Da Nang Beach Resort, offers an unparalleled retreat. Enjoy all the modern comforts that accompany such a five-star sanctuary. Whether you are relaxing in the spa, working out at the state-of-the-art fitness center, lounging poolside, playing an energizing game of tennis or BBQ-ing with your friends and family, you are certain to realize that this is the “home” you have been looking for… until now. The Beach Club is the ultimate destination with its tremendous resort-style amenities and services.

Golf Courses


The Da Nang Beach Resort has continually raised the bar on standards of resort excellence while maintaining the classic style and ambiance envisioned by its creators. The Resort’s two 18-hole Greg Norman designed golf courses are no exception. The two classic, par 72 courses’, call for a variety of shots and just about every club in your bag. Nestled in a seemingly botanical garden-like milieu, members can play their passion in paradise. Imagine teeing off alongside the golden shores of the South China Sea with the spectacular views of the Cham Islands on the horizon. When you play on any of the courses (The Dunes Course schedule for opening April 2010), you put in the near vicinity of Cham’s ancient temples and play on meticulously maintained fairways. Enjoy two authentic championship golf courses that challenge, inspire and reward players of every ability from weekend enthusiasts to the most recognized names in golf.

For further information, please contact:

VinaCapital Danang Resort LTD.
Add: Son Tra-Dien Ngoc Coastal Street, Hoa Hai Ward,
Ngu Hanh Son District, Danang
Tel: 84.511.3961 800 – Fax: 84.511.3961 801

Savills Vietnam
Hotline: (+84) 094 790 6999

Giang Vo Hyatt Regency

15 Mar

– Address: 15-17 Ngoc Khanh Street, Ba Dinh District, Hanoi
– Category: Mixed use building (5-star hotel, office and shopping complex)
– Scale of project (GFA): 100,000 m2

This project is a composition of two curved buildings; a subtle, delicate structure to obtain the best possible view of the lake without obstructing the grand view from the existing buildings in the area. From a distance, the creation will resemble an elegant ship with its two white sails. For this project, the nearby lake has been the dominant influence in the design process and is the base of the concept – integrating the sky with the water, making it a tranquil and luxurious place for individuals to interact.

The entire complex embraces a sense of Zen ambience, featuring stylish, contemporary design with natural materials, which combine vegetation and water.

The hotel will have 16 levels including 300 rooms, 50 serviced apartments, one large ballroom measuring 1050 m2 and a spa measuring 2000 m2 (both the largest in the city), and three restaurants, where at least one will be a top-of-the-line restaurant.

The office complex will include 18 levels over 20,000 m2 with international standard office spaces, and the shopping complex will include three levels over 12,000 m2 with a luxurious shopping area.

This project will be a unique development, taking on a high-end style of architecture, in the heart of the city – a building that will invite you on an amazing voyage and make your visit unforgettable. The project is anticipated to be completed by 2012.






Designed by Archipel.

Gamuda in 2nd Vietnam property venture

11 Mar
VNREGamuda BHD is proposing to acquire a 60% stake in Vietnam-based property developer Sai Gon Thuong Tin Tan Thang Investment Real Estate Joint Stock Company (Tan Thang) for US$82.8 million (RM274.9 million) cash.


In a statement on March 10, Gamuda said Tan Thang held the rights for the investment and development of an 825,216.5-sq metre parcel of land for the “Tan Thang residential, sports and educational complex at Son Ky Ward” in Ho Chi Minh City’s Tan Phu district.

The expected gross development value (GDV) of the project is RM6 billion, with the residential portion comprising medium-end and premium apartments. The first sales launch is targeted for the second half of the year and last for the next seven years.

“The project will enable Gamuda to strengthen its position in the property development industry in Vietnam,” said Gamuda of the rationale for the stake acquisition.

Its wholly owned subsidiary Gamuda Land (HCMC) Sdn Bhd on March 10 entered into a share sale agreement with Sai Gon Thuong Tin Real Estate Joint Stock Company (Sacomreal) for the 60% stake in Tan Thang.

Upon completion of the deal, Gamuda Land will hold 60% of Tan Thang, Sacomreal 30% while the remaining 10% will be held by Vietnamese individual Chau Kim Yen.

According to the announcement, Sacomreal was previously involved in providing real estate services, but had branched into developing and marketing high quality apartments. Among its projects are the Sao Mai Deluxe Apartment Building and The EverRich Business Centre, Apartment and Complex.

Gamuda Land will fund the acquisition via a shareholders’ advance from Gamuda using internal funds and bank borrowings.

This represents Gamuda’s second foray into Vietnam as a property developer. Currently, Gamuda’s presence in Vietnam is in Yen So Park in Hanoi.

According to reports, Gamuda is due to launch that project in June this year and analysts have put its potential GDV at US$12 billion.

“The first residential phase will comprise about 1,200 apartments and 1,000 landed units, with 300 units to be launched this year at around US$1,000 per sq metre (GDV of about RM100 million).

“Management is also in advanced negotiations to bring in reputable partners for its commercial developments,” said Maybank Investment Bank Research in a report on March 10.

Maybank is positive on Yen So Park despite investors’ bearish perception on Vietnam’s prospects due to poor macro fundamentals.

“Our recent visit to the country suggests that local sentiment is significantly more optimistic, particularly on property. We believe higher interest rates are unlikely to significantly dampen demand, as over 80% of residential property purchases are transacted without any bank financing,” said Maybank.

Maybank’s optimism on Yen So Park is based on the less competitive property market in Hanoi relative to Ho Chi Minh City.

Going forward, the research house opined that there could be a potential secular shift in Gamuda’s earnings profile.

“Longer term, Gamuda could become a proxy to Vietnam as the proportion of its Vietnam-derived earnings increases,” said Maybank.

The research house also said while Gamuda was evaluating further opportunities in Vietnam, with the country’s twin deficits and impact of the dong, investors could be neutral on any incremental investment.

Maybank has a buy on Gamuda with a target price of RM3.80. Gamuda closed unchanged at RM2.79 on March 10, with 8.8 million shares traded.

Accor on track to double number of rooms in Vietnam

11 Mar
The major global hotel management group Accor is taking proactive actions to double the number of hotel rooms under its management in Vietnam to take advantage of expected strong growth for the country’s tourism industry in the coming years.


Patrick Basset, Accor vice president of operations for Vietnam, the Philippines, South Korea and Japan, told reporters in HCMC on Wednesday that the group currently managed 13 hotels with 2,147 rooms throughout Vietnam and had committed more than 2,000 new rooms for the market by 2012.
Basset explained the additional rooms would come from nine new developments, with the 131-room Le Belhamy Hoi An Resort and Spa set for inaugurating on the coast of central Vietnam on April 1 this year.

By the end of 2010, the 360-room Pullman property in Vung Tau City and the Accor-managed Hotel De L’Opera Hanoi of 111 rooms will go online.

“Pullman Vung Tau will be the first for the brand in the country, while Hotel De L’Opera Hanoi will be the second hotel of the distinctive upscale MGallery label (after La Veranda on Phu Quoc Island),” Basset said.

In the latest announcement for Vietnam, Basset said Accor would open one new Novotel hotel in each of Hoi An, Phu Quoc and HCMC, and these three Novotel properties have 700 rooms in all.

Accor will put the 250-room Mercure Hado Hanoi into operations, the fourth property under this brand in Vietnam after Mercure Hue Gerbera, Mercure Dalat Hotel Du or Mercure Hanoi La Gare.

Also under the plan, Accor will manage two 3-star ibis hotels in Vietnam’s economic hub instead of one that the European leader in hotels announced last year. The new property is the 338-room ibis Saigon located in the downtown quarter while the other comprising of 170 rooms is in Saigon South in District 7.

Basset told the Daily after the press conference that Accor would hire around 2,000 employees for the nine developments.

“Yet, the human resource aspect remains a challenge for us, but HR development is one of Accor’s strengths. We have our own academy and are developing courses,” Basset said.

Basset said high hopes for the bright future of Vietnam’s tourism were one of the reasons why Accor was determined to boost multi-brand expansion in Vietnam. “We expect strong growth in tourism in Vietnam in the next five years. There are a lot of attractive activities for inbound leisure and business travelers,” Basset said.

“With signs of both economic recovery and a re-strengthening of tourism arrivals, Accor is confident and ready to selectively expand our presence throughout the country,” he said.

Accor’s brands the Sofitel, Pullman, MGallery, Novotel, Mercure, Suitehotel, Adagio, ibis, all seasons, Etap Hotel, Formule 1, hotelF1 and Motel 6 represent 4,100 hotels and nearly 500,000 rooms worldwide.

Source: The Saigon Times

Gamuda Land in RM6bil Vietnam venture

11 Mar
Gamuda Bhd’s wholly-owned unit, Gamuda Land (HCMC) Sdn Bhd, has entered into a joint venture with its Vietnamese partner, Sai Gon Thuong Tin Real Estate Joint Stock Co (Sacomreal) to undertake a RM6bil project in Tan Phu District, about 9km from the central business district of Ho Chi Minh City.

The company yesterday signed a shares-sale agreement with Sacomreal for the proposed acquisition of a 60% equity interest in Saigon Thuong Tin Tan Thang Investment Real Estate Joint Stock Co (Tan Thang Co) for a cash consideration of US$82.8mil.

Tan Thang has the rights for the investment and construction of a parcel of 825,216.5 sq m land into a residential, sports and educational complex with an estimated gross development value of RM6bil.

The project will comprise 7,000 units of medium-end and premium apartments with built-up from 700 to 1,500 sq ft, and 37,000 sq m of commercial space.

The apartments will initially be priced from US$900 to US$1,100 per sq m while the commercial space will have an average price of US$2,650 per sq m.

According to Gamuda Land managing director Chow Chee Wah, some 80% of the project would comprise residences that would be undertaken in seven parcels.

“The 82ha for the project is one of the last sizeable land parcels available in Ho Chi Minh City. Our goal is to meet the needs of Vietnamese who want good value-for-money products and prefer innovative lifestyle projects,” he told StarBiz.

The master plan for the development has been approved and the project is expected to commence in the third quarter of this year and will take seven to eight years.

Chow said besides a good concept, facilities and layout, the project’s unique selling proposition would be a 20ha integrated park.

“We are confident the project will do well as it caters to the growing demand for quality residences in line with the rapid urbanisation and rising per capita income among the Vietnamese.

“Our target markets include young executives, professionals and mid-level management executives,” he added.

Close to 65% of Vietnam’s 87 million population are aged 35 years and below. Ho Chi Minh City has a population of more than nine million and 60,000 expatriates.

There are also the Viet Kieus – Vietnamese who are residing abroad – who are also buying property for their own use and for investment.

Chow said the dong’s devaluation had contributed to more Vietnamese resorting to property investment as a reliable savings instrument instead of saving their money in the bank.

With the upcoming closure of all gold trading floors in Vietnam at the end of this month, there will also be a re-channelling of capital flows into the property market.

Sacomreal was previously involved in providing real estate services but has since expanded to developing and marketing of high-quality apartments.

Source: Gamuda

Mulberry Lane – Latest hot property in town

10 Mar
Until recently, Ha Dong District in Vietnam’s capital city, Hanoi, was best known for its world famous silk production industry. Since the launch of CapitaLand’s first residential development there, the area is now also known for being home to the spanking new, Mulberry Lane. Inspired by the concept of silkworms feeding on mulberry leaves to weave the finest silk, the property is so named because it promises to weave your aspirations into a dream lifestyle.


Where You Can be at Home with Nature

Set in 2.4 hectares of prime land, the 1,478-unit Mulberry Lane’s five towers have a north-east/south-west orientation, giving each apartment access to winds from the northeastern corridors; natural sunlight; and stunning views of the surrounding parks, lakes and landscape.

This exclusive, planned community is designed with the traditional five elements of Nature in mind: metal, wood, water, fire and earth with each tower taking into consideration the balance of these elements. In keeping with the silk motif, the walls around the building are cocooned in fins, ledges and gable walls, giving the illusion of the woven pattern of silk. Even the lifts are designed with silkscreen panels for a touch of whimsy.

“Silk is a very interesting fabric. Traditionally, it is worn by aristocrats and royalty because it is so luxurious and sensual. It is also versatile – able to keep you warm in winter and cool during summer. It embodies all that we planned for Mulberry Lane. That’s why we chose silk as the inspiration for this property,” said Ms Jaselyn Wan, Deputy General Manager, Sales & Marketing, CapitaLand Vietnam.

This perfect blend of modern architecture and the ancient art of fengshui brings Nature close to home. Mulberry Lane welcomes you with a water feature at the main entrance, as well as lush landscaped gardens and a splendid promenade along the lake. It’s spacious, tranquil living at its best.

Where You Can Be Within Reach of the City

Mulberry Lane sits in Mo Lao area within Hanoi’s new Central Business District. Just 10km from downtown Hanoi and within close proximity of Noi Bai International Airport, the National Convention Centre and several local universities, hospitals, shopping malls, supermarkets and trade and handicraft villages, the area will soon be serviced by the new Le Van Luong Street which will provide an alternative, shorter route to the Hanoi City Centre.

Where Units are Designed to Offer Choice

At Mulberry Lane, a variety of units are offered, ranging from one- to three-plus-one-bedroom apartments, special duplexes, penthouses with access to private rooftop gardens and loft units. Careful thought has been given to the layout of the different apartments to optimise space and afford a magnificent city or lake view.

Bedrooms have timber flooring and are a spectacular synergy of glamourous living and traditional design. The kitchens are fully equipped with branded appliances and the bathrooms, living and dining rooms are all tiled in light colours to suit every décor style.

Security is paramount and each apartment has its own video, inter-com system ensuring exclusivity and privacy.

Where You Get the Best of Fine Living

Life at Mulberry Lane is a daily adventure. Take a dip at the swimming pool or get your day’s exercise at the 50-metre lap pool while the children chill out at the wadding pool or scale the low rock-climbing wall. Then relax at the jacuzzi or yoga deck and let the stresses of the day slip away.

If a little activity is what you’re looking for, hit the fully equipped gym, exercise lawn or taichi zone before steaming it up at the sauna. There is a foot reflexology path and 300 metres of jogging tracks along the lake, giving you a stellar vista while you keep fit. You can even invite friends to play at the basketball, badminton and table tennis courts before you party at the BBQ cabanas, dine under the stars at the picnic lawns or sky gardens.

If quiet solitude is what you seek, the library and reading lounge are the perfect hideaway or simply relax with a cuppa at the clubhouse with a lounge or at the cyber café. Retail stores like a mini mart and laundromat also mean that residents have all their needs taken care of within the development.

“Our facilities are designed to encourage community living and are ideal for the three-generation family, with something to appeal to every age group. We also planned for facilities to promote healthy living,” said Mr Tan Boon Thor, Senior Manager, Design Management, CapitaLand Vietnam.

There are sheltered walkways and ramps leading up to the five-storey carpark with 500 parking spaces for cars and 3,000 spaces for bikes mean you never need be at the mercy of the elements.

Where Lifelong Investment is Key

Mulberry Lane’s soft launch in October 2009 was a raging success. All 330 units released were fully booked in less than two days at prices between US$1,350 and US $1,700 per square metre.

Said Mr Manh, a managing director of a textile export company, who bought a three-room apartment, “There are not that many quality residential developments in Hanoi. The fact that CapitaLand is a prestigious, international brand name is guarantee that this will not only be a home but a long-term investment for me.”

“I trust their professionalism and the quality is evident in the concept and design,” he added.

Mulberry Lane is expected to have its official launch in the first half of 2010.

For more information, contact:

CapitaLand Vietnam
Unit #703, 7th Floor Hanoi Towers, 49 Hai Ba Trung,
Hoan Kiem District, Hanoi
Phone: 84.4.3934 3972 – Sales hotline: 84.4.3553 3388
E-mail: cs@mulberrylane.com.vn