VNRE - Banyan Tree Worldwide Group of Singapore on Friday introduced a model apartment and officially launched the apartment offering of Laguna Lang Co integrated resort being developed for two years in Thua Thien-Hue Province’s Phu Loc District.
Michael Ayling, senior vice president of Banyan Tree, said 40 among 197 apartments in Angsana Properties of the resort will be introduced to potential investors with prices ranging from US$290,000 to US$2 million each.
Getting off the ground since August 2009, Laguna Lang Co, covering 280 hectares, is being constructed in four phases with total investment raised from US$875 million to US$1 billion.
This project will have seven hotels with over 2,000 rooms, over 1,000 luxury apartments, a golf course, a villa resort and other components such as conference center, retail outlets and an entertainment section.
The first construction phase of Angsana Lang Co apartment project and an 18-hole golf designed by Nick Faldo, a professional golfer, is set for completion in July next year.
Lang Co is endowed with favorable natural conditions such as white-sand beaches along the ‘heritage road’ with many heritage sites recognized by UNESCO. Besides, it takes only one hour to get to Hue and Danang airports from Lang Co which has both mountain and sea, said Michael.
The project, which has the apartment price based on the average price in regional countries, attracts not only locals and overseas Vietnamese but also foreign investors as Banyan Tree is a famous developer in tourism property with many projects such as Laguna Phuket in Thailand.
In addition, Banyan Tree pledges a profit to attract potential customers, in which apartment owners can join Angsana club and have chances to go on a vacation with 60 days per year in many other Angsana resorts worldwide.
Customers can also get an annual profit of 6% in the first six years or receive net sales from apartment leasing. Any apartments bought will be listed as hotel rooms and managed by Angsana.
Languna Lang Co, Banyan Tree’s first project in Indochina region, is scheduled to be finished in late 2014.
Reported by Dinh Dung | The Saigon Times Daily