Da Nang Center

Danang Center is located on 3 main streets of Danang City. Phan Chau Trinh street is in the East, Hung Vuong street is in the South, Nguyen Thi Minh Khai street is the West and the North is local area with width of 6m.From Danang Center, you can see the sea in the Southeast and Danang Bay in the North.The property comprises 35 storeys, 4 basements which can contain 424 cars and 424 motorbikes. Danang Center is a complex building includes trading center, 5 star hotel and luxurious apartments.

Ground floor on the Hung Vuong street is the lobby of 5 star hotel, on Nguyen Thi Minh Khai street is the gate to the trading center and 2 separate ways to apartments.

From 1st to 4th floor is for trading center with Parkson, a retail chains with many famous names such as Chanel, Gucci, Guess, Valentino, Pada, lascote, Louis Vuiston,...

From 5th to 8th floor is for services of a 5 star hotel comprise: Massage rooms, sauna rooms, steambath, cinema with international standard, bar, casino, restaurants, buffet, coffee shop, gym and dancing clubs. Particularly, there is a conference center on 6th floor with capacity of 1000 person satisfying conference or meeting for business class. There is an outside swimming pool on 8th floor.9th floor is focused on services of apartments as community room, kindergarten, message room, gymnasium, coffee bar area, buffet area and outside swimming pool.From 10th floor, that will be main area of the center.5 star hotel from 10th to 35th floor comprises 420 rooms.
From 10th to 26th floor, there are 20 rooms per floor and from 27th to 34th floor, there are 10 room per floor. Customer will move by 6 elevators which can lift up 1500kg. Besides, there is a separate elevator for housekeeping service.Luxury apartment tower is from 10th to 26th floor comprises 204 apartments.
12 apartments will be arranged each floor together with 6 elevators will serve tenants here. There are 3 types of apartments:
- 85m2: 2 bedrooms, 1 toilet
- 133m2: 3 bedrooms, 2 toilet
- 135m2: 3 bedrooms, 2 toiletThe middle space at the middle of the tower will be designed to access with sky-well for wind and light get into the apartments and create airy convection between the floors.This is called aerial villa where the tenant will enjoy city’ sightseeing by night at the more than 100m high. With fresh air and pure environment from plants in the spacious garden, the tenant and family can get all peaceful space of the life.AA decor, a famous company about interior design for hotels, restaurants and apartments will design interior for apartments in Danang Center. Therefore, the tenant here will satisfy with decoration in their apartments which ensure the quality and luxuriousness inside the center.All the corridors in apartment areas will be observed by 24/24 camera system together with a 24/7 vigil security team who will support the tenant when they need help. Modern fire alarm system will ensure to break down fire whenever it starts burning to save tenants’ life as well as their property.

Olalani Resort and Condotel

I - Introduction
The Olalani Resort and Condotel is the most exciting 5-star resort and luxury apartments; with villas, bungalows, high-class condominiums, and various interesting entertainment services. Located near Da Nang metropolitan on a beach where is pinpointed by Forbes Magazine as one of six World’s Most Luxurious Beaches, the 70,048-sqm-wide resort possesses a unquestionably heavenly landscape with sparkling turquoise blue water, splendid white silky sandbank in sunny days.
The Resort also owns an extremely convenient position in public transportation and travelling, such as contiguous to Quang Nam – Da Nang Tourist Way, away 30 km from Hoi An Ancient Town (about 20 minutes by driving), 5 km from the metropolitan and Da Nang International Airport (about 10 minutes by driving).

The Hawaiian-themed resort presents a spectacular result of seamlessly blending antique and contemporary elements from the heavenly island. Most of materials are imported from Hawaii, Turkey, and many other countries. Designed to take advantage of both the seascape view and the ever present sea breeze, the Olalani is one of few resorts whose villas and condominiums are closely laying beside beach in Vietnam.

The Olalani is about catering to individual needs by high-end services which are always anticipated at a world-class residences and hotels, such as spa, Asian-European cuisine restaurants, fitness centre, mini-golf course, sea sports, camping areas, and modern casinos.

The Olalani is being developed by United Trust JSC which has secured US$60-million investment from Hawaii, Japan and Vietnam. The exterior is responsible by Epaper2CAD which participated in the design of the Trump International Hotel & Tower. The interior is designed by Garry Stahl Interiors which met great acclaim for neoclassical style inside Caesar’s Palace Hotel & Casino in Las Vegas, USA. The residential phase will be finished and operated in 2009. The Olalani will give you yet another irresistible reason to stay at Hawaii of the Orient, and enjoy salubrious life on legendary Indochina beach.

Indochina Capital Developing the $100 million Hyatt Regency Danang Resort

The first Hyatt resort in the country is getting off the ground in Danang. Hyatt Hotels & Resorts last week broke ground for construction on the Hyatt Regency Danang Resort and Spa on the central coast, joining the Park Hyatt in Ho Chi Minh City’s District 1 as its second Hyatt property in Vietnam.

Scheduled to open in 2010, the resort’s 226 guest rooms will be complemented by residential developments, including 150 condominium and 30 two-storey oceanfront villas for sale. “While some excellent beach resorts have opened in Vietnam, none possess the brand appeal of the Hyatt,” said Peter Ryder, CEO of Indochina Capital, the resort’s developer.

“The wider world is just waking up to this region,” said Ryder. “The days of Good Morning, Vietnam are long over, and the Hyatt’s enthusiasm for this project attests to that.”Indochina Capital will spend more than $100 million on developing the resort, which will compete with many others under construction and planning in the central coast such as the nearby Crowne Plaza and Raffles Resort. Baron Ah Moo, CEO of Indochina Land’s Hotel and Resorts, said the central coast would continue to be a key component to the company’s real estate portfolio and it was diversifying the types of investments in the area.

Currently, Indochina Land’s operating assets in the Danang and Quang Nam province include The Nam Hai, a boutique luxury hotel and Indochina Riverside Towers, a mixed-use office, retail, residential project. To complement these projects and to add to the destination, the company is developing the Montgomerie Links golf course, which is expected to open this summer.

Four architects are combining to build the resort on the 20 hectare site. RMJM Singapore is the lead designer and Australia-based Diana Simpson Designs is working up the interior designs. US-based Site Concepts International is developing the landscape and Studio Daminato, based in Singapore, will design the resort’s restaurant.

Another of the resort’s distinguishing features will be a subterranean spa setting, accessed by a canyon-like gallery visible as a crack in the landscape at ground level. Each of the 30 beachfront residences feature three bedrooms, a pool and a garden. At the resort’s north end, the apartments will be situated in a suite of buildings, ranging in height from six to 14 storeys. (Source: VIR)

7CI Announces the Exclusive Unveiling of Raffles Residences and Raffles Estates at Kensington Palace

LONDON, June 2 /PRNewswire/ -- 7CI (Seven Continent Investment), the global investment specialist, is exclusively unveiling Raffles Residences and Raffles Estates, which includes Praslin Island, Seychelles; China Beach, Da Nang, Vietnam; and Makati City, Manila, Philippines on 5 June at 6.30pm at Kensington Palace. This exclusive launch will include limited pre-release prices from US$285,000 with prices set to rise post pre-launch.

The Raffles Da Nang will be the first and most exclusive of the new resorts on the famous China Beach in Da Nang in what is largely thought to be the next exotic playground for global jetsetters. Situated on 504 metres of unspoilt beachfront, it is only nine kilometres south of the international airport, adjacent to the Marble Mountain and surrounded by UNESCO World Heritage sites. It will feature 153 one to three bedroom residences ranging in size and include various dining venues, meeting rooms, a business centre, a swimming pool, a spa and other recreational facilities. The exclusive pre-release prices start from US$285,000.

The Raffles Seychelles Estate Homes and Resort is located on the northeast tip of Praslin Island, the second largest island in the Seychelles. The location boasts 500 meters of direct beachfront land and is close to the Seychelles natural treasures and a UNESCO World Heritage Site, The Vallee de Mai. A total of 23 estate homes are available for sale comprising three, four and five bedrooms. The exclusive pre-release prices start from US$3,100,000.

Raffles Manila will be situated in the central business district on Makati Avenue, Makati City, which is southwest of Manila and the financial centre of the Philippines. This has earned the city the nickname 'the Wall Street of the Philippines'. The development will comprise a 30-suite Raffles hotel. The exclusive pre-release prices start from US$225,000.

Alistair Powell, Chief Executive of 7CI says: "The launch of these new Raffles projects represents an unsurpassed opportunity to invest in a market where the entry barriers are high due to a scarcity of prime real estate available for sale.

"Furthermore, this project highlights 7CI's strategy to build balanced portfolios for clients with investments that deliver sustainable returns each month, not relying on the gamble of capital growth at exit to make the investment case worthwhile."

Danang becomes central attraction

Indochina RiversideTowersthis April will become Danang’s first residential high-rise. Developed by IndochinaLand, the complex comprises 95 apartments, an office building and retail podium with views of Han Riverbelow and Danang beach in the distance.

Ho Quang Dung, general director of IndochinaRiversideTowers, is proud the complex will be a landmark of the central city’s real estate market with apartment prices hitting $2,700 per square metre.

Although it has not all been smooth sailing for the riverside land plot that over the last 13 years attracted two developers but failed to lay bricks, Indochina Land’s $27 million development will eradicate the image of American atrocities that was once showed in a museum on the site.



A few hundred metres away, an ugly three-wheeled taxi station has been replaced by another twin tower. The VinhTrungPlazais also a mix-used development with a Big C supermarket already operationalwhile builders are putting finishing touches on 108 serviced apartments and 6,800sqm office. The developer, Duc Manh Company, recently announced it would increase the total investment of the complex to $100 million to add a four-star hotel and a luxury retail centre.



The two properties are indications local authorities are eager to transform the cityscape of low, cramped, narrow town houses into modern high-rises of a dynamic, fast growing city. In the middle of a real estate boom across major cities, Danang is blipping on investor radar screen and becoming one of the hottest commercial real estate markets. Home to one of the world’s most luxurious beaches, Danang is enticing various hotel developers such as Hyatt, InterContinental and Raffles.



But, tourism is not the only draw.



Danang is Vietnam’s fourth largest city and the largest city in central region. It is the gateway of the 1,450 kilometre East-West Corridor linking Vietnam, Laosand Thailandand has an international airport.

Local authorities are getting more active in recent years, aiming to build a modern city. Infrastructure projects like roads, bridges and ports continue to improve while construction on an international airport terminal has recently begun and is expected to complete in the next three years.



Peter Ryder, chief executive officer of IndochinaLand, said Danang officials were investor-friendly and their supportive attitude and policies would not only draw in real estate developers but also manufacturers.

With a population of nearly one million people, an economy growing at 14-15 per cent annually and a lack of quality properties, demand for housing accommodation, offices, shops and hotels is picking up.

There is an increasing presence of high-rise commercial developments in the city with corrugated iron sheets fencing off large plots in the downtown and inside cranes sticking up to the sky.



A sign shows three towers to be built on a one-hectare plot surrounded by Nguyen Thai Hoc, Nguyen Chi Thanh, Pham Hong Thai and Yen Bai streets. Dong A Real Estate Company will spend $60 million on the Golden Squarethat once completed in the next four years will feature 240 apartments, 300 hotel rooms, an office and commercial centre.



Dong A general director Cao Ngoc Vu said the company initially intended to build an office tower and a commercial centre, but then revised the plan as it saw the prime location of the site in a fast developing city.

In Hung Vuong street, another high-rise complex is under designed by Korean firm Mooyoung. The Vien Dong Meridian will be developed by Ho Chi Minh City-based VienDongLandon a 11,168sqm site to the cost $180 million. The developers plan to build a twin 48-floor towers with total floor space of 254,000sqm.



Hoang Anh Gia Lai Group, which now owns the tallest building in the city, the 23-storey Plaza Hotel, has announced it will invest $150 million in a residential, hotel and office complex in Hai Chau district and another $30 million in a residential tower in Thanh Khe district.



One of the biggest properties along the western bank of the Han Riverwill take shape near a deserted water park. Kreves, a Korean developer, is talking with local government on a plan to invest $200 million to build 1,600 apartments, five-star hotel, office tower and shopping centre on a nine hectare site.



As prime locations in the western bank of the Han Riverare getting scarcer due to dense population developers are moving to the eastern bank, which is sandwiched between the river and EasternSeaand about three to five kilometres wide. Large land plots in this area are being fenced off to make way for construction of high-rise buildings.



VinaCapital last week broke ground for construction of a $325 million development next to the Han RiverBridge, one of three major links between the two river banks. The 9ha project will be phased out with the first one to be carried out in the next three years building a high-end apartment complex, a five-star hotel, a shopping centre and an office building. The later phases will build more apartment blocks, a school, villas and an international convention centre. The waterfront development will be complimented by a marina on the Han Riverable to anchor 300 boats.



Don Lam, managing partner of VinaCapital, is confident the Capital Square Danang will become a “world trade centre” in Asia. Hot on the heels of VinaCapital, Vu Chau Long Real Estate Company broke ground for construction of 30-storey twin towers on the northeastern side of Han River bridge at the cost of $110 million in addition to the $125 million residential and hotel project it is building in the downtown called Danang Centre.



Meanwhile, Nam Viet A is talking with Korean firms Rombus and Union Network to develop a 20ha site to the south of Tuyen Son bridge at the estimated cost of $600-700 million.

Koreans are one of the most active developers in Danang.

Daewon recently broke ground for construction of Da Phuoc City and Golf Course. The $250 million project will have 8,500 apartments, a five-star hotel, offices and an 18-hole golf course built on 280ha encroaching onto the sea. This is Daewon’s second project in the central city after a $30 million development it is building near Tuyen Son bridge.



The city’s ambitious plan to develop infrastructure on the two banks of Han Riveris facilitating real estate development on the eastern bank. In addition to Thuan Phuoc bridge under construction, the authorities are working on plan to build two more bridges, including the $62.8 million Tran Thi Ly and $35 million Dragon.

All real estate developers are hoping to cash in on rising demand for real estate in Danang. Although housing prices in the city are far lower than in Hanoiand Ho Chi Minh City, the prices have doubled and tripled over the last couple of years. Land in Pham Van Dong streetis now priced at around $1,680 a square metre, more than double the rate a year ago. Apartments at IndochinaRiversideTowersnow sells for average $2,200 on the secondary market, almost double compared to two years ago.



While demand from local residents is picking up, developers are eager to draw in buyers from Hanoiand Ho Chi Minh City. “Just 20 per cent of our buyers are from Danang and the rest from Hanoi, Ho Chi Minh Cityand foreigners,” said IndochinaRiversideTowers’ Dung.



The city has a limited amout of top office space, reaching around 50,000sqm while rents remain much lower than in Hanoiand Ho Chi Minh City. Monthly rents at VinhTrungPlazaand IndochinaRiversideTowersare from $17-21 a square metre. Most tenants are leasing small space as Danang has not drawn large companies to set up production facilities. Currently the city has no serviced apartments and Vinh Trung is expected to lease its one block for starting price of $900 a unit.



It will take a couple of years for Danang to get more high rise buildings and to take property prices to a new height

Source: VIR

JADE RESIDENCE IN DANANG

The Jewel of Danang

Daewon Daphuoc NewTown Project

Daewon Daphuoc NewTown Project

• Location : Daphuoc Newtown area, Danang, Vietnam.
• Land area : 210 ha.
• Project scale : 18 – hole golf course center, international school apartment and villa, office building.
• Total Investment amount : US$300 million.
• Project period : 2007 ~ 2017.
• 100% Daewon – invested project.

COMPANY	DAEWON CANTAVIL CO., LTD
SITE LOCATION	DAPHUOC NEWTOWN AREA, DANANG CITY, VIETNAM
SITE AREA	2,105,382 m2
TOTAL FLOOR AREA	3,455,727 m2

Items	Site Area	Total Floor Area
Residential Apt. ( Mid – High-rise)	156,206	406,136
Residential Townhouse	240,059	312,077
Golf Village	50,238	32,655
Mixed – Use – High-rise/ Retail	332,987	2,118,265
Mixed – Use – Resort Hotel	40,061	52,079
Convention / Hotel	120,410	469,599
International School	24,968
Golf Course 18 – hotel	803,886
Community Park	128,548
Etc.	208,019
Total Area	2,105,382	3,455,727

Project Back Ground
This project, Danang Daphuoc Newtown, had been originally established according to Danang City Development Plan and promoted by a Korean construction company. However, through the influence Of IMF 1997, the Korean company encountered some difficulties to execute the project and finally Decided to resign it. Thereafter Danang tried to re – promote the project and Daewon took a good Opportunity to sign the in – principle contract of City Development with Danang in 2006.

Project Process
- 2005 : Project introduction by Danang IPC (investment and promotion Center)
- 2006 : Decision to carry out the project by Danang City and Singing in – principle contract with Daewon Co., Ltd.
- 2007 :
January.Survey of sea and Project boundary.
February.Preparing of Master Plan and meeting with Danang official.
April.Completion of Master Plan and design for civil work.
June.Meeting with Danang official and discuss about the project.
August.Completion of designing for civil work.
September.Acquisition of investment license (Plan).