HA NOI (Biz Hub) — Real Estate developer Sungroup sold 50 villas in its Premier Village Phu Quoc Resort project on Phu Quoc Island on Sunday after 500 investors gathered at the opening sale ceremony in Ha Noi.

The group said the resort, spanning 73ha at the very tip of the Ong Doi Cape, faces the sea on both sides, offering both sunrise and sunset.

Investors who buy villas also enjoy a VND250 million (US$11,000) six-day and five-night tour to the USA for two, or a three-night package in Sungroup's luxurious InterContinental resorts in Da Nang.

Sungroup said that buyers will receive land-use certificates and villa ownership rights, and those who want to lease their villas could participate in an investment-sharing programme.

The programme promises buyers will earn an annual minimum profit of nine per cent of the profits from the contract value for 10 years.

Since similar local luxury resorts in Phu Quoc have attracted a lot of tourists and buyers, many at full-capacity, Sungroup said they felt confident the commitment of nine per cent profit would be achieved. Part of their sales pitch was an appeal to safer long-term investments; with local bank interest rates around six per cent, a nine percent profit for 10 years had some appeal with the investors on Sunday.

The resort villa design comes from the UK-based SALA company and boasts 118 villas of waterfront, hillside, beachfront and rocky terrain villas. — VNS