Thai Son Company and Saigon – Thai Son Real Estate Corp. on Saturday introduced and started sale~ of its Sunshine Hill Villas property project which they will develop in Phan Thiet City in the central province of Binh Thuan, 200km from HCM City.

The villas project covering 7.4 hectares is located in Phu Hai Ward, Phan Thiet City with a villa area of 139 units, a greenery area, fitness and gym facilities, amini-mart, and dining and refreshment facilities. The project will be ready within about two years.

Each villa includes one ground floor and an upper story with a “front room~ a living- room, a dinning-room with kitchen, a sauna, a single bedrooms and a toilet on the ground floor. The upper story consists of three large bedrooms of high-grade amenities, said the project owner. The villas are designed according to European styles, according to the investors.

In the first phase, Sunshine Hill Villas property project has 44 villas from 384 to 523 square meters each with prices from $230,000 to some $300,000 a unit.

Savills Vietnam Ltd serves as the exclusive agency for the project.

HCMC – La Veranda Joint Venture Co., the owner of La Veranda Resort and Spa on Phu Quoc Island, on Wednesday clinched a deal with South Korea’s B.B. Dai Minh Corporation to jointly develop a hotel in HCMC.

“We will be investing together with B.B. Dai Minh for a new Ibis hotel in District 7,” said Jean-Pierre Gerbet, general director of La Veranda Joint Venture Co.

He told the Daily after the signing of the deal that the French company had invested in Viethan Hotel Joint Stock Co., which was set up by B.B. Dai Minh Corp. to develop the 3-star Ibis Saigon South Hotel project.

Lee Young Hoon, chief executive officer of B.B. Dai Minh Corp., said Viethan had planned around US$11 million for the hotel project and that this investment would be contributed by B.B. Dai Minh and La Veranda depending on their stakes in Viethan.

The Ibis Saigon South Hotel on Hoang Van Thai Street in the new urban town of Phu My Hung is scheduled for groundbreaking in March next year and opening in February 2012.

Lee said the company should have begun work on the hotel in 2008 but had had to delay it because the tourism industry had felt the pinch of the economic downturn.

B.B. Dai Minh was waiting for more major infrastructure and commercial projects inside and outside District 7 to go online to ensure that business of the Ibis hotel will fare well when it is up and running.

Gerbet also attributed the delay to the re-designing of the hotel project as this work took at least six months.

“I think 2010 will be a good time for us to begin construction on the Ibis hotel project,” Lee said. The hotel will have some 170 rooms as well as meeting rooms, a café, gym and bar, among others.

B.B. Dai Minh has hired Accor Group to manage the hotel with Ibis, which is one of the hotel brands of the international hotel operator. Accor now manages 11 hotels across Vietnam with such higher-grade brands as Sofitel, Novotel, MGallery and Mercure.

The Ibis Saigon South Hotel is expected to be the first operational property in Vietnam to bear Accor’s Ibis brand.
La Veranda is also teaming up with B.B. Dai Minh Corp. for other property projects in Vietnam, including a high-end resort on Phu Quoc Island off mainland Kien Giang Province and a 250-hectare LA Golf and Villas project in Long An Province in the Mekong Delta

The southern province of Tay Ninh has given approval for a PetroVietnam-owned firm to build an eco-tourism park on an island in Dau Tieng Lake. Petroland Company will turn the 340ha Nhim Island into an ecological zone but with five-star resorts, golf courts, and other amenities.

The company has also been authorised to use the lake itself for developing tourism facilities.

Once completed, the island will join the Cao Dai Temple and Ba Den Mountain, a historical and cultural heritage site, to make an uninterrupted chain of tourist destinations.

Vinaconex 15 Joint Stock Co officially started the project of Vung Huong Resort Complex in Do Son Tourism Area, Hai Phong City with the total investment capital of 500 billion dong.

The resort would be built on a site of 21,427 square metres including 90 villas; each villa has an area of 180-298 square metres, and 100-square-metre semi-detached resorts. The project is expected to be finished in 2011.

Vinaconex 15 started receiving application forms for purchasing the villas and semi-detached houses from November 23.

Ba Ria-Vung Tau based Hoan Vu Joint Stock Co and Kim To Co has officially started the construction works on Hoan Vu-Vung Tau Ocean View

Complex on November 22 with the total investment capital of 114 billion dong. The 18-storey building has 61 high-end apartments and other services such as offices, shopping centres, entertainment area. The complex is located on Vo Thi Sau St, on Ngoc Tuoc Hill, at the centre of tourism city of Vung Tau. The construction is expected to be finished in June 2012.

Work has begun on a US$100-million hotel and villa complex has been launched in the central city of Da Nang.

Located on Non Nuoc Beach, selected as one of the world’s most beautiful beaches in 2005 by the Forbes, the 15.4-hectares-plus Raffles complex will comprise a five-star hotel with 142 rooms and 39 villas, said Le Khac Hiep, vice chairman of the Ukraine-based Vingroup run by overseas Vietnamese.

According to the investor, which was formerly known as Technocom Corporation, they have contracted the UK-owned Wimberley Allison Tong & Goo Limited Company to design the project.

The project, expected to be completed in June, 2011, was transferred to Vingroup by the United Arab Emirates-based Kingdom Hotel Investment and the European Hotel Corporation.

Da Nang City is heavily promoting investment into the Non Nuoc Beach which is conveniently close to the Da Nang International Airport and three UNESCO World Heritage sites: the ancient town of Hoi An, the My Son Cham ruins and the former imperial capital of Hue.

Source: VNA

Bai Dai Company, Ltd. has just held a ground-breaking ceremony for Bai Rong Resort. Among the representatives were Le Quang Thanh, Standing Deputy Secretary of Khanh Hoa Party Committee and Le Xuan Than, Vice Chairman of Khanh Hoa People’s Committee.

5-star Bai Rong Resort covers 30.24 ha in Cam Ranh – Khanh Hoa. The construction includes Champa Resort, Thuy Trieu Beach Sports Ground, Thuy Trieu Resort, Casuarina Forest Resort, Hai Dang Xanh Hotel, Cat Trang Recreation Ground and Picnic Park. The project has two stages with a capital of 490 billion VND. The first stage is expected to take one year.

Speaking at the ground-breaking ceremony, Le Quang Thanh hoped that the construction would be completed on schedule, helping to boost the development of the Northern Cam Ranh Peninsula Resort.(NREN)