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VNRE - The central coast city of Danang is witnessing more tourism property projects emerge into reality as several resorts reach completion or final stage of construction.

Among the projects, Fusion Maia Danang, developed by local company 559 Investment JSC, has been put into service after three years of construction.

The luxury resort on Son Tra - Dien Ngoc Street in Ngu Hanh Son District, has 87 villas and individual houses designed with private swimming pools and other serviced facilities including spas. In addition to three restaurants, the resort has a small ballroom that can accommodate 100 people.

The developer says the facility is designed to target high-end customers, with room rates at US$260 (VND5.1 million), inclusive of services such as transport and spa.

In another development, Vinpearl Danang JSC is pressing ahead to open its tourism property project in Danang City after nearly a year of construction.

The company had invested US$100 million in its Vinpearl Danang Luxury Resort & Residences project, which covers 15 hectares on Son Tra - Dien Ngoc beach.

The on-going project is designed for a five-star hotel with 209 guest rooms and a 39 luxury villa section named Vinpearl Danang Luxury Villas with average selling prices of US$2 million per unit.

To promote sales, the developer is wooing villa buyers by assuring a 10% profit annually over the price of a villa in the first three years through the project’s rental program.

Tran Van Tang, general director of Vinpearl Danang JSC, says the program is designed to share profits with individual investors, making them feel safe in their investments, as well as showing investors confidence in the project’s potentials.

The developer says the project has finished basic construction. As scheduled, the hotel section will be up and running by May next year and the villa section will be finished and handed over to buyers by late next year.

Reported by Dinh Dung/ The Saigon Times Daily

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