Phu Quoc condotels warming up the market

15:33 | 18/03/2016 Phu Quoc condotels warming up the market Condotels in Phu Quoc are becoming increasingly attractive to foreign investors because of their location in one of the hottest tourism destinations of Vietnam as well as the prestigious developers behind them. On March 8, a Boeing 787 of Swiss airline TUI Nordic, packed with Northern European tourists, landed at Phu Quoc International Airport. A representative of the airline said that in the last months of 2016 they are going to have weekly flights to Phu Quoc. Besides being a popular destination for tourists from Russia, Singapore, Malaysia, and Thailand, Phu Quoc has recently started welcoming visitors from Europe. In the past year, many foreign airlines have opened routes or increased the frequency of flights to Phu Quoc because the infrastructure serving tourism, especially accommodation, has improved remarkably. As the island is looking forward to a boom in tourism, now is a unique time to invest in real estate here. In fact, foreign investors from a variety of countries have already shown great interest. At the beginning of 2016, an event to introduce Sun Group’s hospitality real estates in Singapore attracted representatives from more than 200 real estate companies. Leong Boon Hoe, managing director of CBRE Singapore, said that three factors making hospitality real estate in Vietnam attractive to Singaporean investors are their competitive prices, good location, and the prestige of the developers. In Singapore, a three-bedroom condotel is priced between $500,000 and $840,000 while a similar condotel in Vietnam only costs about 25 per cent of that. Sun Group’s condotels are within the resort and close to the seaside. The building density is 30 per cent, while the remaining 70 is reserved for green space and 5-star amenities. The developer commits a profit of at least 9 per cent per year for nine years, and the owner of the condotel gets 135 nights in their estate or a comparable accommodation for these nine years. Condotels are also an attractive choice compared to other investment options. If one buys a condo in the city, one remains hard-pressed to think of ways to earn a profit. In case of a condotel, the developer commits a fixed profit. Sometimes the profit one makes is even higher than the committed rate. It could reach 15 per cent per year or higher if the condotels are managed by internationally renowned hotel companies. The condotel model is a recent addition to the Vietnamese real estate scene, though enjoying international popularity for a while now. Condotels in Singapore, Boracay in Phillipines, Bali in Indonesia, and Sydney in Australia have proved extremely profitable. Condotels were hot in Vietnam five years ago, when investors raced to get their hands on condotels from international projects, such as Hyatt Regency and Azura in Danang. At that point, the price was $4,500 per square metre. At the end of 2015 condotels made a comeback with Sun Group’s Condotel Premier Residences Phu Quoc Emerald Bay project, and judging by the warm welcome of the market, one can say that condotels have not lost their shine. With not only Sun Group, but also many real estate companies, such as Vingroup and LDG Group, seeing big opportunities in the condotel segment, investments in the area are poised for a surge in 2016. By Hong An

Marriott to open shortly on Phu Quoc Island

Sun Group's resort project's construction is on schedule and will open soon, though no exact date has been set. Quynh Nguyen The Marriott resort project on Phu Quoc Island, invested by the Sun Group, will be opened in the near future, according to a representative from the Group. Though not disclosing the exact date of the opening, the representative told VET that the project was being constructed quickly to ensure its opening is on schedule. After completion the Marriott in Phu Quoc Island with have a design far beyond the Sun Group’s impressive InterContinental Da Nang Sun Peninsula Resort. The first Ritz Carlton hotel project in Vietnam is also being invested by the Sun Group on Phu Quoc Island. Sun Group is one of the largest real estate groups in Vietnam and the biggest investor in central Da Nang city, with dozens of projects in hotels, resorts, amusement parks, and urban areas, including the InterContinental Da Nang Sun Peninsula Resort, the Novotel Da Nang Premier Han River, the Premier Village Da Nang resort, and Ba Na Hills Da Nang. The Group will soon launch several projects of large-scale, such as Ha Long Ocean Park, with investment capital of VND6 trillion ($276 million), and a cable car to the top of Mt. Fansipan, at a height of 3,143 meters above sea level, near Sa Pa in northern Lao Cai province.

Sun Group and AccorHotels sign strategic agreement

AccorHotels to provide management consulting to Sun Group's impressive portfolio of hotels and resorts around Vietnam. Thu Hoang Sun Group signed a strategic cooperation agreement with AccorHotels on October 26 in management consulting at its hotels and resorts. The agreement targets to establish and elevate service quality at Sun Group’s resorts and hotels in accordance with international standards and to maintain such standards, Vice President and Managing Director of Sun Group, Mr. Dang Minh Truong, said at the signing ceremony. AccorHotels will provide initial consultancy on services and operational management for Premier Village Phu Quoc Resort, which has more than 100 seaside villas, and The Sebel Phu Quoc, which has over 500 apartments and hotel rooms on Phu Quoc Island. It will also continue to cooperate with Sun Group in its upcoming MGallery project in the popular hill retreat of Sapa in Vietnam’s northern mountainous area. AccorHotels earlier participated in managing a number of hotels and resorts developed by Sun Group, such as Premier Village Danang Resort, Novotel Danang Premier Han River, Mercure Danang French Village, Ba Na Hills Mountain Resort, and Pullman Danang Beach Resort. Sun Group is one of the largest real estate groups in Vietnam and the biggest investor in central Da Nang city, with dozens of notable projects in hotels, resorts, amusement parks, and urban areas such as InterContinental Danang Sun Peninsula Resort, Harnn Heritage Spa, Ba Na Hills Mountain Resort, and Asia Park, etc. AccorHotels is one of leading hotel managers in the world, with 3,700 hotels in 92 countries. In Vietnam it manages 20 hotels such as Sofitel Legend, Sofitel, MGallery, Pullman, Grand Mercure, The Sebel, and Novotel, etc.

InterContinental Danang Sun Peninsula Resort -

You can always trust InterContinental Hotels Group (IHG) to come up with nothing but luxury hotel and resort concepts. Following the launch of HUALUXE Hotels and Resorts, IHG is set to begin operations at a different part of Asia with InterContinental Danang Sun Peninsula Resort, Vietnam. Opening its doors to public this June 2012, InterContinental Danang Sun Peninsula Resort consists of 197 ocean view rooms, villas and suites. Quietly nestled in a private bay, the resort provides an absolute serenity for all its discerning guests. Definitely one of the most exquisite accomodation in the area of Danang City, guests can expect to indulge in a natural surrounding amidst the outside modernization. Each bathroom offers double-basin vanities and a deep-soaking marble bathtub, with a breath-taking view of the bay. Each of the resort guest rooms has a minimum of 70 square metres of space, all of which designed by famed architect Bill Bensley, with the emphasis of a bold black and white colour combination. Guests will enjoy the best of both worlds with traditional architecture with modern comfort, such as LCD televisions and high-speed Internet access. Expansive bathrooms offer double-basin vanities and a deep-soaking marble bathtub accompanied by a separate walk-in rain shower, with an endless view of the bay and the beach. For dining options, the resort has Citron, an all-day dining international and Vietnamese outlet that is perched on the side of the mountain for some magnificent views of the bay. There's also a one-of-a-kind inverted “non la” (Vietnamese traditional comical hat) private dining booths for a romantic meal for two. There's also La Maison 1888 for Vietnamese fine-dining at its best, with the first Michelin-star chef in Vietnam heading the kitchen. The L_o_n_g Bar and Barefoot Café by the beach serves up Mediterranean cuisine and grilled seafood, that are paired with wines and spirits. InterContinental Danang Sun Peninsula Resort has 197 ocean view rooms, villas and suites and is nestled in its own private bay, with panoramic ocean views. Spa InterContinental provides guests with all the necessary relaxation and rejuvenation needs, while the resort lounge provides tour options for authentic experience in Danang. For the opening special this June, guests can enjoy an introductory rate starting from VNĐ 4.620.000 (US$220) including breakfast for two, excluding applicable service charge and taxes. InterContinental Danang Sun Peninsula Resort, Bai Bac, Son Tra Peninsula, Danang, Vietnam, +84 (511) 393 8888, www.ichotelsgroup.com/intercontinental/

Luke Donald to design his first golf course

Luke Donald of England, now the #1 ranked golfer in the world following his win at the BMW PGA Championship, will join IMG in the design of the first 18 holes at Ba Na Hills Golf Club located in Danang, Vietnam.
The first golf course at Ba Na Hills - Danang Vietnam is now ready to start construction with completion expected in late 2012.

Donald, continuing his streak as the hottest golfer in the world with his victory, defeated Lee Westwood in a playoff at the BMW PGA Championship, earning the top spot in the Official World Golf Rankings in the process.

The Ba Na Hills site is unique and different from the current offering of golf courses in the Danang area. It will not be another seaside course but a mountain course with a great mix of natural topography and vegetation.

Luke Donald has had an interest in golf course design for many years and comes from a very artistic background. An avid painter and an accomplished piano player, he earned a degree in Art Theory and Practice at Northwestern University in the USA.He commented, "To be able to work on my first ever golf course design at Ba Na Hills is a tremendous opportunity. We have a great site with good elevation change and incredible existing natural features including large trees, streams and mountain backdrops.

"I am really happy how the current design is looking on paper and look forward to getting on site later this year to further refine the detailed design features. Working with a quality developer such as the Sun Group, and in the Danang market which already has become a top golf destination in Asia, is very exciting."

Dang Minh Truong, General Director of Sun Group commented, "Luke Donald is a great addition to the Ba Na Hills project team and we congratulate him on becoming the #1 ranked player in the world. We have been impressed with his hard work and determination on the golf course and know that this attitude along with his artistic talents will bring many great design ideas to our golf course at Ba Na Hills."

Bayan Cliffs Resort - Da nang

Nearly 230 hectares for construction of Bayan Cliffs Resort

A resort of Sun Group at Son Tra PeninsulaThe Danang People’s Committee has approved the overall detailed planning for construction of Bayan Cliffs Resort with an area of nearly 230hectares at Son Tra Peninsula, Tho Quang Ward, Son Tra District, Danang City.

598,350 m2 will be for construction of villas and houses; 56,131m2 for public services; 10,327m2 for clubs; 3,760m2 for beach and 172,146m2 for internal roads. The investor - Sun Group will manage an area of 350.000m2. The remainder will be for vegetation, grass and view.

(Son Tra)

Novotel Danang

1/12/2010 02:53:00 PM | Posted by Kiva.Dang
The Sun Novotel Danang

Located in the most vibrant area of Danang city, along with the beautiful landscape and completed infrastructure systems, the community's cultural norms ... The Sun Novotel will be the ideal place to settle down, where brings you a dynamic and modern life.

The project is built with scale 32 storeys, including luxury apartments, office buildings, shopping centers with well-known brands in the world, restaurant systems, luxury hotel following international standard and managed directly by the Novotel Corporations along with the services and facilities perfectly, gives you absolute satisfaction.

From The Sun Novotel, every day you can see the panoramic view of the city, and throw a knowing look to the vast range of natural plants or enjoy the fresh cool wind from the romantic Han River to feel a completely harmonious beauty of this place from dawn until twilight falls.

AA to Complete the InterContinental Da Nang Resort

Wednesday, Septembert 01, 2010
AA Corporation has recently commenced work on the new InterContinental Hotel in Da Nang. AA Corporation has been contracted to complete interior fit out work for this new five star hotel which is located on the north end of the Son Tra penisula in Da Nang. The property is owned by Sun Group which is currently developing various properties throughout Vietnam including Bana Hills Mountain Resort and Novotel Da Nang . Sun Group has hired famed interior designer Bensley Design Studios to design the resort, which is tucked away within a tropical oasis just outside of Da Nang City. The hotel is scheduled to be finished in the fall of 2011 and plans to be one of the most luxurious hotels in all of Vietnam.