Hundreds of people attend the ceremony to introduce the six-star Pan Pacific Da Nang Resort project. — VNS Photo
Property developers MBLand Holdings and Tonkin Properties on Saturday in Ha Noi officially introduced the six-star Pan Pacific Da Nang Resort project in the central province of Quang Nam.
Occupying prime location in the diamond tourist belt of Da Nang and Hoi An, Pan Pacific Da Nang-Hoi An Resort has total investment of VND2.6 trillion (US$116 million), offering a sea view with three carefully designed and furnished property styles — villas, sky paradise villas and condotels. It is expected to open in 2020.
It has collaborated with world-class names in architecture and design, such as landscaping by EDSA, exterior design by Humphreys & Partners and interior design by DWP, to create a new standard for luxury resorts and introduce refined lifestyle experiences.
The project, which has construction density of only 20.2 per cent, is managed by Pan Pacific Hotels Group, a wholly owned subsidiary of Singapore-listed UOL Group Limited, which is one of Asia’s most established hotel and property companies, operating 24 properties with close to 7,000 rooms in 12 countries.
It is offering a 10 per cent guaranteed return and is already a sought-after destination for investors and vacation home owners. This is also the first project in Viet Nam in which the investor can negotiate the guarantee of time-share profit with Military Bank for buyers.
Speaking at the ceremony, Vu Hoang Linh, deputy general director of MBLand Holdings, said the launch of the project marks a breakthrough in developing a hi-end resort market segment in both Viet Nam and Asia-Pacific region.
This is the first project in the investor’s strategy to develop a chain of 10 luxury resort complexes in the Asia-Pacific region in the 2017-18 period.
MBLand Holdings, a member of Military Bank, with more than 10 years experience in development, is a trusted name in property development and has to its credit multiple national and regional projects such as The Field Collection, which includes Golden Field and Central Field in Ha Noi and Infinity Field in Nha Trang.
Tonkin Property specialises in resort projects in Da Nang, Hoi An and Nha Trang. — VNS