» » Olalani $45m project expected to be finished within '09

Olalani Resort & Condotel villa area in Da Nang City with a total cost of $45 million invested by an American investor is in competition phase and is expected to be finished within this year and put into operation by next April.
-> Olalani Resort & Condotel

The project on seven hectares along the beach includes three big villas of 700-720 sqm each, five bungalows, 88 condos of 63-182 square metres each and hotel area.

Olalani's general director Huynh Thi Anh Hoa reported that her company sold one of three villas at $2.8 million, and there are two left, one at $2.5 million and the remainder at $2.4 million. 30 out of 88 condos were sold at the average price of $2,750 dong per sqm (VAT and furniture inclusive).

Differing from other projects, customers buying products of Olalani will receive the permanent land ownership certificates.
She revealed that Olalani is negotiating to sign a cooperation deal with Hilton Group to manage the resort and hotel complex.

Moreover, Olalani is constructing Olalani 2 project (Olalani Riverside Towers) along the Han River, including three twin 26-37 storey towers with over 2,500 high class apartments of 110-191 sqm each.

Source: CafeF

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