More than 1.25 sq.m of housing, agricultural, specialised and cemetery land in Soc Son district will be reclaimed for building a golf course under a decision of the Hanoi administration.
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According to newly-updated data, Soc Son international golf course will have the total area of 187.7 hectares, including 86 ha of agricultural land and 45 ha of hills. Of the 86 ha of agricultural land, there are 30 ha of rice fields.
The project investor is the Hanoi Sports and Entertainment Service Investment JS Company. This firm was licenced to invest in this golf course project on July 30, 2008, nine days after the Ministry of Planning and Investment sent a report on golf courses in Vietnam to the Prime Minister.
The “primary” part of this project is an 18-hole golf course, but it also includes a system of clubs, sub-works and villas, at a total cost of $27.1 million.
The investor has submitted a detailed plan to the Hanoi authorities for approval and combined with Soc Son district’s administration to perform site clearance.
Meanwhile, Soc Son district already has an 18-hole, 110.9ha golf course in Minh Tri commune, which was put into use in 2006.
Minister of Planning and Investment Vo Hong Phuc told the National Assembly on June 12 that Hanoi and Binh Thuan province have the most golf courses of among localities in the country, with 19 projects each. However, only nine projects in Hanoi meet established standards, he said. Phuc asked National Assembly deputies to keep an eye on the implementation of these projects by local authorities.
Several days later, Hanoi People’s Committee Chairman Nguyen The Thao told correspondents that the city had only four golf courses, namely Dong Mo Soc Son, Van Tri and Dong Quan.
PV
Showing posts with label villas. Show all posts
Showing posts with label villas. Show all posts
Friday, August 7, 2009
Saturday, June 14, 2008
Investors rush to cash in on building boom
Developers both foreign and domestic are rushing to build new resorts throughout Vietnam. Luxury hotels are rising above the sands, and villas carry price tags of several million US dollars.
Tourism authorities are expecting a sharp rise in the number of newly-built resorts in the country. The Hai Phong port city’s Cat Ba Island is planning to build a number of high-end resorts.
The development of tourism in Vietnam has created a boom in newly built resorts across the country. Many tourism projects worth several hundred million dollars are being implemented in Vietnam. Around 50 resort projects are waiting for licenses while 20 others are about to be built or expanded, according to statistics released the by Viet Nam National Administration of Tourism (VNAT).
Vietnam is bestowed with many advantages such as beautiful beaches along 3,260 km of its coastline and many cultural heritage and wildlife sites throughout the country. And while political uncertainty elsewhere in the region has been worrying potential visitors, Vietnam has emerged as a safe and friendly destination in the eyes of foreign tourists.
Over 200 resorts currently operate in Vietnam, mostly based in Mui Ne - Phan Thiet of Binh Thuan Province, where there are approximately 100 resorts. The remainder are distributed across Ha Long, Cat Ba, Thanh Hoa, Ha Tay in the North and Da Nang, Hoi An, Thua Thien Hue, and Quy Nhon in the Central region.
According to the real estate advisory and management Company CB Richard Ellis (CBRE) Vietnam, budget flights offered by airlines such as AirAsia, Jetstar, Tiger Airways and Hong Kong Air are bringing an increasing number of tourists to Vietnam. Moreover, visitors who travel to Vietnam for Meetings, Incentives, Conventions and Exhibitions (MICE) purposes account for 20 per cent of the 3.6 million annual international visitors to Vietnam. This kind of tourism demands high quality complexes including entertainment and convention centres and resorts.
Jeff Tisdall, vice chairman of Kingdom Hotel Investment Group, the investor of Raffles Danang Resort project, said that Vietnam’s tourism market offered huge opportunities for investors because of lower investment costs compared to other countries. In addition, Vietnam is fully eligible for construction of luxury hotels and resorts.
Hurdles such as the acquisition of sites for resort construction and licence-granting procedures have discouraged some from investing. At the same time, however, many international real estate firms are now partnering with domestic firms, marrying capital and know-how to property and human resources, in order to successfully realise new building projects.
While the number of resorts in operation is growing at a fast clip, most projects remain small-scale. There are exceptions, though, such as the Furama Da Nang, Padanus Mui Ne, Sai Gon - Phu Quoc, Kien Giang and Vinpearl Nha Trang, among others.
Vu Quoc Thai, research director of Research and Advisory Real Estate Company VietRees, said that resort owners were now beginning to offer units as time-shares. Owners can reserve their villa for a holiday whenever they like, turning a profit for the rest of the year by renting their unit out to other vacationers.
The price range for a villa falls between VND4 - 50 billion ($250,000 - 3.125 million) depending on the location and scale of the project, as well as the investor’s brand name and prestige.
More projects will be launched in Vung Tau, Binh Thuan, Da Lat and Dong Nai provinces in the time to come, according to VietRees’ studies.
Vietnam now has 30 five-star resorts nation-wide.
Tourism authorities are expecting a sharp rise in the number of newly-built resorts in the country. The Hai Phong port city’s Cat Ba Island is planning to build a number of high-end resorts.
The development of tourism in Vietnam has created a boom in newly built resorts across the country. Many tourism projects worth several hundred million dollars are being implemented in Vietnam. Around 50 resort projects are waiting for licenses while 20 others are about to be built or expanded, according to statistics released the by Viet Nam National Administration of Tourism (VNAT).
Vietnam is bestowed with many advantages such as beautiful beaches along 3,260 km of its coastline and many cultural heritage and wildlife sites throughout the country. And while political uncertainty elsewhere in the region has been worrying potential visitors, Vietnam has emerged as a safe and friendly destination in the eyes of foreign tourists.
Over 200 resorts currently operate in Vietnam, mostly based in Mui Ne - Phan Thiet of Binh Thuan Province, where there are approximately 100 resorts. The remainder are distributed across Ha Long, Cat Ba, Thanh Hoa, Ha Tay in the North and Da Nang, Hoi An, Thua Thien Hue, and Quy Nhon in the Central region.
According to the real estate advisory and management Company CB Richard Ellis (CBRE) Vietnam, budget flights offered by airlines such as AirAsia, Jetstar, Tiger Airways and Hong Kong Air are bringing an increasing number of tourists to Vietnam. Moreover, visitors who travel to Vietnam for Meetings, Incentives, Conventions and Exhibitions (MICE) purposes account for 20 per cent of the 3.6 million annual international visitors to Vietnam. This kind of tourism demands high quality complexes including entertainment and convention centres and resorts.
Jeff Tisdall, vice chairman of Kingdom Hotel Investment Group, the investor of Raffles Danang Resort project, said that Vietnam’s tourism market offered huge opportunities for investors because of lower investment costs compared to other countries. In addition, Vietnam is fully eligible for construction of luxury hotels and resorts.
Hurdles such as the acquisition of sites for resort construction and licence-granting procedures have discouraged some from investing. At the same time, however, many international real estate firms are now partnering with domestic firms, marrying capital and know-how to property and human resources, in order to successfully realise new building projects.
While the number of resorts in operation is growing at a fast clip, most projects remain small-scale. There are exceptions, though, such as the Furama Da Nang, Padanus Mui Ne, Sai Gon - Phu Quoc, Kien Giang and Vinpearl Nha Trang, among others.
Vu Quoc Thai, research director of Research and Advisory Real Estate Company VietRees, said that resort owners were now beginning to offer units as time-shares. Owners can reserve their villa for a holiday whenever they like, turning a profit for the rest of the year by renting their unit out to other vacationers.
The price range for a villa falls between VND4 - 50 billion ($250,000 - 3.125 million) depending on the location and scale of the project, as well as the investor’s brand name and prestige.
More projects will be launched in Vung Tau, Binh Thuan, Da Lat and Dong Nai provinces in the time to come, according to VietRees’ studies.
Vietnam now has 30 five-star resorts nation-wide.
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