KTG Land offers “no loss” leasing term for unit’s owners

“With the breakthrough commitment to this, KTG is totally confident in its ability and strength despite the first three year duration traditionally being the most difficult for any leasing projects,” the company said in its statement at the project’s launch event.

Located in the north of Danang beach, close to the city centre and Son Tra peninsula, Fusion Suites Danang Beach includes a 21-storey tower, of which 17 floors are reserved for apartments, two floors for penthouses and two others for restaurants and other facilities.

The apartments at Fusion Suites Danang Beach are divided into four categories, including 36 studio apartments (38 square metres each), 52 deluxe units (60 square metres) and 34 corner units (67 square metres).

The project has been attracting a lot of attention as it presents an opportunity for investors to own an ocean looking unit operated by a well known developer. The Fusion brand apartments’ price is also attracting attention, starting at a very reasonable VND1.3 billion per unit.

Known for their Fusion Maia resort, Serenity Holding, the owner of the Fusion brand has applied their knowledge of innovative hospitality services to the project to generate stable revenue source for customers.

From the initial sale in April this year, interest in the project exceeded expectations.

By May, about 35 per cent of the project's apartments had been sold. Currently the second floor of the project is under construction.

The building’s frame is scheduled to be completed by the end of 2013. The building will officially be put into operation in the first quarter of 2014.

Due to the good building progress running parallel to positive sales, HD Bank has committed to offer financial support programmes with loans up to 70 per cent of the contract value. The programme gives owners a flexible payment method and greatly reduces financial pressure during the construction and development of the project.

KTG Land intends to greatly increase its investment in Vietnam, focusing on financing of high-yield real estate projects and leisure facilities.

The company is currently investing in five distinct lifestyle properties located throughout prime locations in Vietnam with total investment capital of approximately $20 million.