Central breakthroughs for Danang

Recently, leading hospitality developer Vinpearl Joint Stock Company was green-lighted by Danang People’s Committee to build Lang Van general entertainment and resort complex in the city’s Lien Chieu district. This is a mega tourism services development worth $5 billion and stretching over 1,500 hectares of land and water.

The complex will comprise a five-star hotel with over 1,000 luxury rooms and a compound of premium apartments and villas. The resort also features a commercial and service complex, a performance theatre, an international convention hall, helicopter pad, sports facilities and a golf course.

Vinpearl was in the process of negotiating with leading domestic and international partners for project’s planning, designs and relevant issues to be able to begin first-phase construction in 2012 which was slated for completion in 2015 while the whole project would be up and running by 2020, said Vinpearl’s general director Dang Thanh Thuy.

In proximity to Lang Van is Thien Park urban city which covers around 100ha and cost up to VND1.6 trillion ($76.2 million) developed by Tan Cuong Thanh Joint Stock Company.

As planned, Thien Park will be turned into a modern urban city consisting of 283 villas, 1,311 land plots, four residential blocks and multiple utility services centres to benefit local residents.

According to Tan Cuong Thanh’s general director Truong Vinh Kien, Thien Park has been ready for its product sales.

“The urban city planning is set making the most of peculiar natural advantages while still retaining modern features of each component,” said Kien adding that the urban city’s transport infrastructure would link to arterial roads in the city as well as other urban complexes in the vicinity such as Ecorio and Golden Hills.

Ecorio, developed by Finance and Business Development Joint Stock Company, is a green lifestyle development spreading over 59.5ha with synchronised infrastructure and fully utility works.

In the first phase, a modern residential community will be built on an area of 18ha with diversified model houses from luxury villas to modern townhouses, with full services.

Golden Hills, a modern eco-tourist urban model, developed by Trung Nam Group’s Trung Nam Property Joint Stock Company, covers 400ha and costs up to $1.67 billion.

“Though the property market faces tough period, Trung Nam Land will keep on its undertakings with city authorities and deadline targets with customers,” said the company’s general director Nguyen Tam Tien.

Danang’s northwest is also home to Phuong Trang Real Estate’s 147ha FutaCove consisting of villa and terraced housing complexes, trade service compounds, green park, kindergarten and a school development with VND9 trillion ($428.5 million) investment.