VNRE - Construction began yesterday on the US$220 million Halong Star housing, resort and commercial complex in the northern province of Quang Ninh.
A joint venture of Limitless LLC of Dubai, Phuong Hung Joint Stock Co and International Property Investment Partners LLC, the project will include a 200-room five-star hotel, a 100-room luxury boutique hotel, villas, townhouses and apartments, and shopping areas.
The 125ha project will be developed in phases over a five-year period, with hotel and townhouses first to go up.
"Southeast Asia is one of the most exciting and dynamic market for Limitless," says the company’s chief executive officer, Saeed Ahmed Saeed, at the groundbreaking ceremony.
"It’s fast-growing economy will present Limitless with endless opportunities to demonstrate its core skills of master planning large-scale, balanced projects and waterfront development," he added.
Halong Star would make an effective contribution to developing Quang Ninh’s hospitality industry, said Quang Ninh People’s Committee vice chairman Nguyen Hong Quan.
Quan requested relevant authorities to co-ordinate with investors to resolve any difficulties that may arise and create positive condition for implementation of the project.
Limitless LLC is an integrated global real estate developer established in 2005. It currently has five projects globally with a total value of over $100 billion.
Source: VNS
A joint venture of Limitless LLC of Dubai, Phuong Hung Joint Stock Co and International Property Investment Partners LLC, the project will include a 200-room five-star hotel, a 100-room luxury boutique hotel, villas, townhouses and apartments, and shopping areas.The 125ha project will be developed in phases over a five-year period, with hotel and townhouses first to go up.
"Southeast Asia is one of the most exciting and dynamic market for Limitless," says the company’s chief executive officer, Saeed Ahmed Saeed, at the groundbreaking ceremony.
"It’s fast-growing economy will present Limitless with endless opportunities to demonstrate its core skills of master planning large-scale, balanced projects and waterfront development," he added.
Halong Star would make an effective contribution to developing Quang Ninh’s hospitality industry, said Quang Ninh People’s Committee vice chairman Nguyen Hong Quan.
Quan requested relevant authorities to co-ordinate with investors to resolve any difficulties that may arise and create positive condition for implementation of the project.
Limitless LLC is an integrated global real estate developer established in 2005. It currently has five projects globally with a total value of over $100 billion.
Source: VNS
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