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VinaLiving begins selling next phase of development

Released at: 16:52, 03/04/2015

VinaLiving begins selling next phase of development

First phase properties expected to be delivered to owners by the end of 2015.

by Doanh Doanh

VinaLiving, VinaCapital's real estate brand, has launched the second phase of The Point – a golf villa development at Danang Beach Resort.

The Point is a premier golf villa estate at the international award-winning Danang Beach Resort complex. Phase 2 consists of 20 villas, with plots ranging from 260 to 340 square meters, with all homes featuring 286 square meters of ground floor area. The villas all front the 13th and 14th holes of the Greg Norman designed ‘Dunes Golf Course’. They offer unrivalled views of the surrounding landscape featuring a golf course which has been developed to blend into the natural environment. Each villa has a private swimming pool and access to back-up power is provided. All villas feature selected premium inclusions, ensuring the highest living standard and premium durability. Villas of Phase 2 are offered from VND4.9 billion each ($227,906).

Located at the largest complex resort in central Vietnam, the golf villas have access to the 5-star amenities of White Caps Beach Club & Bistro at Danang Beach Resort. With very reasonable asking prices, The Point has attracted both investors and owners who are expanding their housing portfolio with a second home or holiday retreat.

Since the official launch of Phase 1 in October 2014, 16 out of 20 villas have been sold. Currently, more than 80 per cent of the villas in Phase 1 have completed foundations, with construction sped up to ensure Phase 1 homes are delivered from the fourth quarter of 2015 onwards as promised to buyers late last year. With positive signals from Phase 1, Mr. Matthew Koziora, Director of Transactions at VinaLiving has said “At the moment, with the long holiday is approaching, the occupancy at Danang Beach Resort is high and expected to increase in the near future. That is the reason why we are committed to finishing and handing over on time so that owners can utilise their villas effectively.”

Savills is the lead sales agent for The Point. “With many positive signs for real estate at the end of 2014 and the impact of amended housing laws, which will be officially introduced in July, we forecast that the housing market in general, especially the holiday home sector, will continue to improve. Resort property in Vietnam is now very competitive and a realistic option for many in the region,” said Mr. Mathew Powell, Hanoi Branch Director, Savills Vietnam.

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