Savills, Vinaliving launch second phase of The Point

Model of The Point in Da Nang City. VNS Photo

The second phase of VinaLiving's The Point, a golf villa development project located at the Da Nang Beach Resort, has 20 villas, with plot areas ranging from 260 to 340 square metres, the company said.

Savills Viet Nam, which is the lead sales agent for The Point, reported that since the official launch of the first phase was completed in October 2014, 16 out of 20 villas had been sold.

Currently, more than 80 per cent of the villas in the first phase have completed their foundations, with house construction advanced to ensure that the first phase homes are delivered from the last quarter of this year.

"About 70 to 75 per cent of the total buyers during the first phase are Hanoians, while foreign buyers account for 5 per cent of the total, and the remaining buyers are from HCM City and other locations," said Truong Thi Minh Hanh, VinaLiving's Associate Director Sales and Marketing representative from VinaCapital.

"With many positive signs emerging in the real-estate sector towards the end of 2014 and the impact of the amended housing law, which would be officially enforced in July, we forecast that the housing market in general, especially the holiday home sector, would continue to improve," said Mathew Powell, Ha Noi Branch Director, Savills Viet Nam. "Resort property in Viet Nam is now very competitive and a realistic option for many in the region."

VinaLiving, VinaCapital's real-estate brand, is backed by VinaCapital, one of the leading foreign real-estate developers in Viet Nam, which invests in and develops residential, retail, hospitality and mixed-use projects across the country.

Savills Viet Nam is the largest and most experienced real-estate group in the country, with offices in Ha Noi and HCM City, providing comprehensive property services. Savills Viet Nam won the Asia Pacific Property Award in 2014.