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).