danang beach resort market update march 08
TRANSCRIPT
Da Nang Beach Resort Market Update
31st March, 2008
Prepared by: Danang Office
CB Richard Ellis | Page 2
RESORTS PLANNED & UNDER CONSTRUCTION
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Danang Master Plan with Future Resort Strip
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Danang Resort Projects
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Intercontinental Danang ResortAddress: Son Tra Peninsula
Investment capital: TBA
Developer: Terra Join Stock Company
Site area: 10 ha
Completion: Q4/2009
Status: Site clearance
Resort Operator: Intercontinental Hotel & Resorts
Project description: 200 Room Five Star Hotel
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Son Tra Spa & Resort (Swiss-Belhotel)
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Son Tra Spa & Resort (Swiss-Belhotel)Address: Son Tra Peninsula
Investment capital:$41 million
Developer: Son Tra JS Company
Site area: 30 ha
Completion: Phase 1 (24 villas + Resort) – Q2/2008
Status: Under construction
Resort Operator: Swiss-Belhotel
Project description: 193 Villas for Sale for Vietnamese100 Five Star Hotel Rooms
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Son Tra Spa & Resort (Swiss-Belhotel)
Foreign investment is not permitted in this military area
Villas are sold freehold and when buyers fulfil their payment obligations, they will then receive the certificate of land use right and villa ownership
Buyers will also be given an opportunity to lease out their villas to the developer
Developer’s target market is Vietnamese people and, up to now, most buyers are from Hanoi and Ho Chi Minh City
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Son Tra Spa & Resort
Payment terms:30% Signing25% Foundations30% Roof Top10% on Handover
Area Number of villas
Land Area (sqm)
Floor area (sqm)
A 24 250 76m, 80m2, 83.7m2
B 48 200 76m2, 77m2, 83.7m2
D 121 150 75m2, 76m2, 76m2, 83.7m2
No. Area Number of villas Selling price (USD)
1 A 24 US$350,000
2 B 48 US$450,000
3 D 121 US$130,000; US$165,000; US$170,000; US$180,000
CB Richard Ellis | Page 10
TIEN SA OCEAN ECO RESORT Address:Bai Bac, Son Tra Peninsular, Tho Quang ward, Son TraDistrict, DaNang city
Investment capital:VND480 billion
Developer: TIEN SA Ocean Resort Development and Investment JSC
Site area: 30 ha
Completion: 2010
Status: Under construction
Resort Operator:
Project description:
5-star villas, family activities area, gardens with high standard for both foreigners and high income Vietnamese. The resort has restaurants and other facilities such as spa, sport andleisure facilities.
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CORAL REEF RECREATION & SPORT AREA
Address: Son Tra Peninsula
Investment capital:VND80 billion
Developer: Coral Reef Diving centre
Site area: 2 ha
Status: start construction 2008
Project description:
Diving, snorkeling, water-skiing &Other recreational water sports
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BAI BUT BAY RESORT
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BAI BUT BAY RESORTAddress:Bai But, Son TraPeninsular, Tho Quang ward, Son Tra District, DaNang city
Investment capital:VND300 billion
Developer: Hai Duy JS Co
Site area: 19 ha
Completion: 1 phase 2010
Status: Under construction
Project description: 230 Room Hotel84 Hotel Villas61 Residential VillasDiving (island)Water Sport
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BAI BAC OCEAN ECOLOGICAL RESORT
Address: Bai Bac, Son Tra Peninsula
Investment capital: VND 280 billion
Developer: Dia Cau JS Co.
Site area: 41,7 ha
Completion: 1st phase 2009
Status: under construction
Project description: 100 Room Five Star Hotel
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BAI TREM RESORTAddress: Bai Trem – Tho Quang -Son Tra Peninsula
Investment capital:VND350 billion
Developer: Savico Ltd Co.
Site area: 5,7 ha
Completion: 2010
Status: start constructions 2008
Resort Operator: Four Seasons
Project description: 20 Villas119 Four Star Hotel Rooms& Recreation services
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Nam Long Villas Project
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Nam Long Villas Project
Address: Phuoc My, Son Tra Dist, Danang
Investment capital:$20 million
Developer: Nam Long JS Co.
Site area: 5 ha
Completion: Unknown
Status: Site clearance
Project description: Villas
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Sunrise Resort
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Sunrise Resort
Address: My An ward, Bac My An, NguHanh Son
Investment capital:$60 million
Developer: Dia Cau JS Co.
Site area: 13.1 ha
Completion: Unknown
Status: Site clearance
Project description: 200 Room Five Star Hotel50 villas
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Hoang Tra Resort
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Hoang Tra Resort
Address: An My ward, Bac My An, Ngu Hanh Son Dist.
Investment capital: $20 million
Developer: Hoang Tra Tourism Company
Site area: 4 ha
Completion: Q4/2008
Status: Under Construction
Project description: 5 star Hotel180 RoomsConference 500 seats2 Tennis courses
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Development in China Beach Strip NORTHThree major projects have commenced in
this area in 2007 that are slated for 2009 completion• Eden Resort
– retail, international school, five star hotel, villas
• Olalani Resort– 163 room five star hotel, 3 villas, 62
condominiums/ condotels• Silver Shores Crowne Plaza Resort
– 500 room hotel, casino with 100 slots, 8 tables
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Eden Resort
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Eden ResortAddress: China Beach – Next to Furama Resort
Investment capital: $150 million
Developer: Bac Hai Join Stock Co.
Site area: 34 ha
Completion: Unknown
Status: Phase 1: building commercial area 1,3ha- complete Q2/2008
Project description: 200 Room Five Star Resort of 4,5ha300 Room Five Star Hotel of 5 haInternational conference hall for 1,000seats 200 Villas, 200 Shop-housesParks, Tennis court & other Recreationalfacilities
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RESORT PROJECT
Address: China Beach, Hoa HaiNgu Hanh Son, Danang
Investment capital:
Developer: 559 JS Company
Site area: 4 ha
Completion: Unknown
Status: Design phase
Project description: Resort
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Olalani Resort & Condominiums
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Olalani Resort & Condominiums
Address: China BeachInvestment capital: $20 millionDeveloper: United Trust groupSite area: 7haCompletion: Q2/2009Status: under construction
Project description:Office/Retails170 Room Five Star Hotel3 Villas (sold 3)80 Condominiums
Condo Details80 Condominium/CondotelsPrice $1,400 – 1,600/sqmOffering Automatic Renewals for Foreign Lessees Average Unit Size
80 Condominiums
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Olalani Resort & Condominiums
Condominiums
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Olalani Resort & Condominiums
80 Condominiums Type of Condo
No. Land Area (sqm)
Selling price(USD) Description
Style A-Studio ( 1 bed room) 10 63 US$170,000
Living room, kitchen, dinning area, bedroom, bathroom, balcony
Style B1 –2 bed rooms 10 117
Living room, dinning area, kitchen, 2 bed rooms, bathroom, closet, laundry area, balcony, hall
Style B2 – 2 bed rooms
10 122 Living room, dinning area, kitchen, 2 bed rooms, 2 bathrooms, closet, laundry, hall balcony
Style B3- 2 bed rooms
10 126 Living room, dinning area, kitchen, 2 bed rooms, 2 bathrooms, closet, laundry, balcony & hall
Style C1- 13 bed rooms
10 180 Living room, kitchen, dinning area, 3 bed rooms, 2bathrooms, master closet, closet, laundry, balcony,
hall
Style C1-23 bed rooms
10 180 Living room, kitchen, dinning area, 3 bed rooms, 3 bathrooms, master closet, closet, laundry, balcony, hall
Style C2-13 bed rooms
10 182 Living room, work room, kitchen, dinning area, 3 bed rooms, 3bathrooms, master closet, closet, laundry,
balcony, hall
Style C2-23 bed rooms
10 US$532,000 Living room, work room, kitchen, dinning area, 3 bed rooms, 2bathrooms, master closet, closet, laundry,
balcony, hall
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Olalani Resort & CondominiumsVillas:High standard with imported appliances, timber fitting, electronics, Vietnamese styling, privatepool. Very good beach, ocean view.
VillasNo.
villasLand Area
(sqm)Selling price
(USD) Description
One Storey 1 700(Build 400)
USD2,5 million
Living room, kitchen, dinning area, 3 bed rooms, 2 bathrooms, work room, atrium,
closet, laundry, terrace, hall, garage, home- help area, entry
Two Storey 2 700(Build 250)
USD2,7million Living room, kitchen, dinning area, 3 bed rooms, 2 bathrooms, work room, atrium,
closet, laundry, terrace, hall, garage, home- help area, entry
CB Richard Ellis | Page 31
Silver Shores Crowne Plaza Resort
CB Richard Ellis | Page 32
Silver Shores Crowne Plaza Resort
Address: China Beach
Investment capital: $86 million
Developer: Hoang Dat Silver Shore
Exceptional Int’l Entertainment
Site area: 20 ha
Completion: Q2/2009
Operator: Intercontinental CrownePlaza
Status: Under Construction
Project description:500 room hotelcasino with 100 slots, 8 tables
CB Richard Ellis | Page 33
Asia Pearl Resort
CB Richard Ellis | Page 34
Asia Pearl Resort
Address: China Beach
Investment capital: $25 million
Developer: Asia Pearl J.S Company
Site area: 17 ha
Completion: 2010
Operator: not yet
Status: Site cleared – Design phase
Project description: 180 rooms
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Da Nang – Sai Gon Resort
CB Richard Ellis | Page 36
Da Nang – Sai Gon ResortAddress: China Beach
Investment capital: $20 million
Developer: Danang Saigon JS Co.
Site area: 12 ha
Completion: Unknown
Status: Design phase
Project description: Resort and Villas
CB Richard Ellis | Page 37
Hyatt Regency Da Nang Resort & Spa
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Hyatt Regency Da Nang Resort & SpaAddress: China Beach
Investment capital: $100 million
Developer: Indochina Land
Site area: 20 ha
Completion: 2010
Operator: Hyatt Regency
Design: RMJM SingaporeStatus: Construction
Project description: 226 Five Star Hotel rooms30 Villas150 Condominiums
CB Richard Ellis | Page 39
Raffles Da Nang Resort
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Raffles Da Nang ResortAddress: China Beach
Developer: Arabian Kingdom Hotel Investments (KHI)
Investment Capital: $100 million
KHI will replace the former investor KDL Vegas
Operator: Raffles
Area: 15.4 ha
Completion: Q1/2011
Status: Design – phasestart construction 2009
Project Description:140 5-star hotel rooms with 8 luxury villas, 150 Condo
CB Richard Ellis | Page 41
I.V.C RESORT
Address: China Beach, Hoa Hai NguHanh Son, Danang
Developer: I.V.C Company
Investment Capital:
Area: 3.77 ha
Completion:
Status: Design – phase
Project Description:5 start Resort
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Hoang Anh Gia Lai Resort
CB Richard Ellis | Page 43
Hoang Anh Gia Lai Resort
Address: Ngu Hanh Son
Investment capital: $25 million
Developer: Hoang Anh Gia Lai Group
Site area: 4.5 ha
Completion: Unknown
Status: PlanningProject description: 200 Hotel Rooms
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SAO VIET RESORT
Address: Hoa Hai, Ngu Hanh Son, Danang
Investment capital: $30 million
Developer:
Site area: 12.7 ha
Completion: Unknown
Status: Planning
Project description:
CB Richard Ellis | Page 45
Gulf Resort
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Gulf ResortAddress: Hoa Hai, Ngu HanhSon, Danang
Investment capital: $100 million
Developer: Gulf Vietnam Development Limited
Site area: 15.3 ha
Completion: Unknown
Status: Planning
Project description:Hotel, Condominiums, Villas
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The Nam Khang Resort
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NAM KHANG – IREKA RESORT
Address: Ngu Hanh Son
Investment capital: $30 Million
Developer: Nam Khang Ltd Co.
Site area: 20 ha
Completion: Unknown
Status: site clearance
Project description:Resort
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Ha Noi Tourism Resort
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Hanoi Tourism ResortAddress: Ngu Hanh Son
Investment capital: $25 Million
Developer: Hanoi tourism
Site area: 7 ha
Completion: 2009
Status: Design phase
Project description: 650 Five Star Hotel100 Villas
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P&I RESORT
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P&I RESORT
Address: Ngu Hanh Son
Investment capital: $10 Million
Developer: P&I Ltd Co. (Japan)
Site area: 10 ha
Completion: 2009
Status: Design phaseProject description: Resort & 33 VillasConference Tennis courtMineral Spring
CB Richard Ellis | Page 53
KOR Resort
CB Richard Ellis | Page 54
KOR Resort
Address: China Beach
Investment capital: $200 Million
Developer: Dubai Asia Pacific Group Limited
Site area: 39 ha
Operator: KOR
Completion: 2012
Status: Design phase
Project description: Phase 1(2010): 140 Hotel Rooms, 50 VillasPhase 2(2012): 80 Hotel Rooms, 20 Villas
CB Richard Ellis | Page 55
Vina Capital Resort and Golf Course
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Vina Capital – Beach Resort and Golf Course
Address: China Beach
Investment capital: $120 Million
Developer: Vina CapitalSite area: 260 ha
Completion: 2016
Status: Under construction
Project description: 500 Four Star Hotel Rooms400 VillasGolf Course 36 hole layoutCondo for salesCultural Village & Beach Resort
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Golf course design by “Greg Norman Golf Course Design” company
Four classes of Residential Villas:(All include serviced facilities such as club, spa, recreation amenities)
Residential Villas – Ocean View and Golf View Residential Villas – Ocean View Only Residential Villas – Golf View Only Residential Villas – Internal View – Lake, Courtyard, or other landscape
features
Unit Sizes:
1 Bed – 150 sqm (300 sqm lot) 2 Bed – 250 sqm (450 sqm lot)3 Bed – 350 sqm (600 sqm lot)4 Bed - 600 sqm (900 sqm lot)
Vina Capital – Beach Resort and Golf Course
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Vina Capital – Beach Resort and Golf Course
Project Details:
4 phases:
1. 2007 - 20092. 2010 - 20123. 2012 - 20144. 2014 - 2016
Phases:1. First 18 holes golf course, club house & 200 villas2. Second 18 holes golf course, club house & 200 villas3. Culture village and 500 Four star Hotel4. Condominiums & Tourist Marina
CB Richard Ellis | Page 59
HA Tourism Resort
Address: Hoa Hai, Ngu Hanh Son, Danang
Investment capital: USD 20 million
Developer: Ha Trade Private Limited Company
Site area: 15.7 ha
Completion:
Status: Design phase
Project description:Resort
CB Richard Ellis | Page 60
Name Resort Rooms
Villas Apartments (No)
Operator Expected Completion
Son Tra Resort & Spa
100 193 - Swiss-BelHotel 2008
InterContinental 200 TBC - InterContinental Hotel Group
2010
Nam Long Villas 62 - - -Sunrise 200 50 - TBA -Hoang Tra 180 - - TBA Q4/2008Eden 500 200 TBC TBA -Olalani 170 3 80 TBA Q2/2009Crowne 500 TBC TBC InterContinental
Hotel Group Q2/2009
Asia Pearl 180 - - TBA 2010Hyatt Regency 226 30 150 Hyatt Regency Q4/2009Raffles Da Nang 140 8 150 Raffles Q1/2011
Resort & Villas Projects Summary
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Name Hotel/Resort Rooms
Villas Apartments (No)
Operator/ Management
Expected Completion
Hoang Anh Gia Lai 200 - - TBA -The Nam Khang TBC TBC TBC - -Hanoi Tourism 650 100 - - 2009P & I Resort TBC 33 - -KOR Resort 140 50 KOR Group 2012Vina Capital Resort & Golf Course
500 400 TBA 2010 – 2016
Total 3,886 1,129 380
Resort & Villas Project Summary
Current Resort Resort Rooms
Operator/ Management
Completed
Furama Resort 198 Furama Hotel & Resort International
1997
Sandy Beach Resort 188 Ben Thanh Tourist 2004
CB Richard Ellis | Page 62
Da Nang Office 253 Hung Vuong st, Hai Chau District, Danang City
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