Quang Nam Province has begun construction of the Hoi An Royal Residences project, with total investment of VND1 trillion (US$44.2 million) in Cam An Commune in the suburbs of Hoi An City.

The province said the project is funded by the Hoang Gia Hoi An company, and covers 70ha near Cua Dai beach and the Co Co River.

The project will be built in two phases with 44 villas, 87 shop villas, condotels and resorts.

It’s one of the biggest tourism property projects to be built in Hoi An city this year.

Last year, the province began construction of the Nam Hoi An Integrated Resort Project, invested by VinaCapital and Gold Yield Enterprises Corporations in coastal Thang Binh and Duy Xuyen districts with total investment of $4 billion between 2016 and 2035. — VNS