sun shines on cam ranh

Sun shines on Cam Ranh

The southern province of Khanh Hoa is to hire foreign planners to review its masterplan for high-end hotel and tourism development along Bai Dai beach in Cam Ranh town.
fantasy island 12m resort for phu quoc

Fantasy island: $12m resort for Phu Quoc?

Vietnam’s largest island has been earmarked as the next destination for Victoria Hotels and Resorts, after the French hotel group asked for a licence last week to build a $12 million resort complex on Phu Quoc.
seachange for realty leasing market

Seachange for realty leasing market

Developers have begun offering long-term leases for beachfront villas to foreigners for the first time in Vietnam at popular tourist beach towns in an effort to stimulate high-end investment in the real estate market.
officetels new feature on landscape

Officetels new feature on landscape

Private property developer Bitexcoland is to begin selling units from the country’s first officetel development this week in Hanoi.

Garden project flags change in urban landscape

Private firm Bitexcoland last week broke ground on a high-end shopping mall and officetel complex in Hanoi, part of a wider trend of shopping centre development that is drastically altering Vietnam’s urban landscape.

Foreign firms to count cost of local house sales

A new Land Law decree has made it possible for foreign investors to develop and sell residential projects, but investors will be obliged to pay the state a sum at the time of sale or completion, as well as land rental payment in advance.
property sector shows vital signs of life

Property sector shows vital signs of life

Foreign investment in the property market is showing strong signs of recovery, but the number of investors able to successfully enter the market remains small compared to those who come to Vietnam looking for prospects.

Green light for Danang housing plan

Danang authorities have conditionally given the thumbs-up to a South Korean proposal to invest in a residential development in the central city.

Magnum in $1 billion drive into market

American property group Magnum is seeking to crack into Hanoi’s residential market with a colossal foreign-invested project. Magnum has expressed interest in developing a $1 billion residential complex on a 400-hectare area in Dong Anh District in the city’s outskirts, Hanoi Authority of Planning and Investment (HAPI) officials have confirmed.
kings island leads norths 36 hole race

Kings Island leads north’s 36-hole race

Kings Island took a step closer towards becoming the north’s first 36-hole golf course, amid a flurry of activity by golfing developers in the region.
honeymoon luxury to hit nha trang

Honeymoon luxury to hit Nha Trang

Vietnam’s most expensive resort is poised to go up in Ninh Van Bay near the southern resort city of Nha Trang in November.
danang investor forfeits licence

Danang investor forfeits licence

Danang authorities have lost patience with a development project that would have been the first large-scale shopping arcade, hotel and office complex in the city, citing a lack of capital and progress as the reasons.

InterContinental to run new five star Hanoi hotel

Another five-star hotel is on its way to Hanoi after the world’s most globally active hotel company, InterContinental Hotels Group, secured a deal to manage their first premium hotel in Vietnam.
keppel eyes rich and beautiful

Keppel eyes rich and beautiful

A Singaporean firm is to build two new residential properties in Ho Chi Minh City over the next two years. Keppel Land, which successfully developed Royal Park Sedona Suites serviced apartments in Hanoi and Saigon Centre office building in Ho Chi Minh City, is to build a luxury villa complex and Vietnam’s first “health conscious” development, a combined residential/sport estate.

Investor stands by $28m hotel project

The Australian investors behind a $28 million hotel project in Danang have confirmed they will begin construction after local government threatened to revoke their investment licence.