Archive | Resorts

Six Senses to open two new properties in Vietnam

Posted on 01 February 2010 by hoang

Six Senses Resorts and Spas has entered into an agreement with Ninh Van Bay Travel Real Estate Joint Stock Company for the management of two new luxury resorts in Vietnam.

Six Senses Latitude Saigon River, which is located in Dong Nai Province, is scheduled to commence operations by the second quarter of 2011 while Six Senses Latitude Phu Quoc, located in Kien Gang Province, is envisaged to open in 2012.

Currently, Six Senses manages the Six Senses Hideaway Ninh Van Bay in Nha Trang, which is owned by Ninh Van Bay. (hvs.com)

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Nha Trang considered destination for holiday home market

Posted on 29 December 2009 by hoang

NhaTrang3For many years, the central coast city of Nha Trang has been known as a favorite destination for vacations thanks to its natural picturesque landscapes, beautiful beaches and warm weather. Most properties in the resort city are built as hotels to cater to the accommodation demand of international and local travelers. However, the city has witnessed more residential property projects making it more than just a venue just for short holidays but a place for residence and even property investment.According to the property market research company Savills Vietnam, there were 12 apartment projects with more than 1,500 units in Nha Trang as of V? trí ??t qu?ng cáoNovember. The number of land plot projects remains at six with 1,000 plots and there are four villa/townhouse projects with a total of 250 villas and townhouses. Most of the apartment units are located in the city center while the villa/townhouse and land plot sectors are mainly concentrated in Vinh Nguyen and Vinh Hoa wards.

Savills says the land plot sector is enjoying the highest primary price in Nha Trang’s residential market at an average of US$710 per square meter while the primary price of apartments and villas/townhouses is recorded at US$595 and US$620 per square meter respectively. It may be explained that all land plot projects in the primary market are well located with a great view to the sea.

The seaside project An Vien Town was introduced at the property exhibition and conference called Propex Vietnam 2009 held at the Saigon Exhibition and Convention Center in HCMC’s District 7 ten days ago. The property project stretches two kilometers along the coast at the end of Tran Phu Street, some five minutes drive from the city center. It covers a 71-hectare site, in which 18 hectares are in the sea. It is designed with 568 land plots for villas and a wharf to serve private yachts of potential property owners. Infrastructure has been completed to make it ready for transaction and all land plots are licensed with permanent ownership certificates, according to the project owner.

The market research company says there is real demand for ready-built houses in Nha Trang, where residents seem to have a preference to live near the sea. Due to the limited land area close to the sea, many apartment buildings have been developed in the city in the last few years to meet demand. Some individual investors may buy land plots in a good location and build their own villas and then lease them to expatriates. With tourism strength, Nha Trang is a popular destination for foreign visitors. Many foreigners live in Nha Trang and consider this area as their second home.

Savills reports that 31 residential projects may come online in the next few years, and due to the limitation of land in the city center, the potential projects are now moving north, south and west. Large projects are expected to be developed in Vinh Thai and Phuoc Hai wards to the west of the city, which are expected to account for more than 60% of Nha Trang’s future development area.

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2010-Opportunities for Tourism Property Sector

Posted on 29 December 2009 by hoang

culaoChamVietnam has over 3,000 kilometres of coastline, including 125 small and big beaches. Vietnam is also home to many world famous natural landscapes and valuable cultural relics. Experts said if these advantages are fully tapped, Vietnam can build a tourism property market meeting international standards.
Despite big potentials for tourism property, Vietnam has not many senior experts in planning and building strategies for the sector’s development. This is the major cause to hold back the development of related services of entertainment and community connection.
In addition to weaknesses in human resources, administrative barriers are biggest barriers for developing the tourism property industry. Economist Le Dang Doanh said: “The policy to develop the tourism property sector is unclear and while land prices remain high, which are main reasons to explain why investors still hesitate to pour their money into the sector.
The national economy is expected to recover better next year, which is the favourable condition for the tourism property industry. Vietnam needs to deal with investment difficulties related land and housing stabilisation policies. This will be an effective channel to mobilise foreign capital for the tourism property projects. Doanh also added that although Thailand’s Phuket is famous for strong development of tourism property, Vietnam has more advantages than Phuket. Thailand’s house ownership mechanism is valid for 30 years, but the time in Vietnam is 50- 70 years. Vietnam’s land costs are lower than Thailand and construction costs are the same with the country.
A Singaporean economist said, with the aviable strengths, and the future sci-tech development and human resources’ enhanced capacity, Vietnam will catch up with regional countries in tourism property development. In spite of not owning powerful financial capacity like other nations, Vietnam has its own advantages, particularly natural landscapes and land funds to develop the tourism property industry in the future.
Currently, the Vietnamese tourism property market has started becoming operational with a series of projects nationwide, particularly in the central region where is home to many beautiful beaches ranging from Quang Binh to Ninh Thuan. However, experts said next year will see the strong development of tourism property sector. Therefore, Vietnam should work out a synchronous development strategy for tourism property. Furthermore, the country should set up a simple management policy and remove complicated administrative procedures to offer more investment incentives.
In the long term, to gain the sustainable development of the tourism property sector, Vietnamese policy makers need to fully develop the country’s advantages in all regions.
Vietnam Business Forum introduces ideas of experts about this issue:

“Apartment and Hotel Projects Remain Attractive,” Marc Townsend – Director of CB Richard Ellis Vietnam (CBRE)
With great potentials for tourism property development, Vietnam remains an attractive destination for long-term investors, particularly apartment and hotel projects. The positive signs from projects in Phan Thiet – Mui Ne, Phu Quoc, Ha Long, Ho Tram, Lang Co, Nha Trang and Quang Nam will be the foundation for developing tourism property projects in the coming time.
In the time to come, Asian investors will come back the Vietnamese realty market and next year will be the landmark for its strong development. However, Vietnam needs to simplify tax and investment procedure policies to ensure that the country is a safe destination for investors thanks to its political and financial stability.
“More investment needed for infrastructure,” Neil Macgrgor – Deputy Director of Savills Vietnam
Developing the Vietnamese tourism property market should be attached to protecting natural beauty of tourism sites and the development of infrastructure system which connects famous tourism sites in the region.
Vietnam should focus on training high-quality human resources to develop the tourism property market. The government needs to carry out administrative reform, develop infrastructure, increase transparency of biding and speed up site clearance process. These are top factors to lure more foreign investors to Vietnam.
“Efficiency of tourism promotion campaigns should be boosted,” Don Lam – General Director of VinaCapital
It is needed to have more careful consideration to study and invest in Vietnamese realty market. However, in the recent years, Vietnam has still lacked campaigns for effective tourism promotion.
The most important factor for foreign investors is seeking a native partner to help them deal with administrative problems during the investment process. Basically, the Vietnamese legal framework on foreign investment has been basically completed. Nevertheless, the state needs to improve procedures from site clearance to licensing and staring construction of projects.
“Shortening time for investment licensing,” Ken Atkinson –Director of Grant Thornton Vietnam
Vietnam now allows wholly foreign-invested companies to operate in the country. But currently, they still face many difficulties during the implementation process due to problems related to land fund and site clearance. Therefore, many companies still consider cooperation with local partners as a priority for tourism property projects.
Foreign investors want to join the tourism property market need to study it carefully to avoid investment in areas with underdeveloped infrastructure. The Vietnamese government should create more favourable conditions for investors to shorten licensing time for projects and speed up the ground-breaking time of projects. This will affect potentials of Vietnam’s tourism property industry.

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Life Resorts announces two new projects in 2010

Posted on 24 December 2009 by hoang

Life ResortsLife

Resorts, a group that specialises in operating resort

complexes, has announced the two new resort projects

.

In details, Life Resort Da Nang will be opened in early March 2010 and Life Heritage Resort Ha Long Bay in Quang Ninh province of July 2010.

However, the project of Life Wellness Resort Ninh Binh has been cancelled because of the economic crisis. Chris Duffy, Life Resorts Group’s general director announced about kicking off the two new projects mentioned above in the coming year at Vasta Restaurant, Dist 1, and HCM City last Thursday.

At present, Life Resorts Group has built and managed three resorts of Life Heritage Resort Hoi An, Life Wellness Resort Quy Nhon and Blue Ocean Resort Phan Thiet.

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Mang Den and Dalat

Posted on 24 December 2009 by hoang

MangDenThe gust of cool wind that whispers softly through the pines greet people who come to the remote Mang Den in Kontum Province, making them feel they are in the renowned resort city of Dalat to the south in Lam Dong Province.Many people call Mang Den the second Dalat in the Central Highlands region because this little-known area also has pine-covered hills and V? trí ??t qu?ng cáomountains, a cool climate, lakes, rivers and waterfalls.

They have a sound reason to make such a comparison when talking about Mang Den, which is more than 50 kilometers northeast of Kontum City. However, Mang Den and Dalat also have many differences.

It is no doubt that Dalat has been famous for decades and has earned much reputation from its attractions and the major annual tourist events, including the Festival of Flowers which happens early next year and expects a large number of visitors, including international visitors.

Dalat is not as quiet as it used to be in the good old days because many new villas and hotels have been up and running in recent years to cater to the demand of many tourists who are coming from near and far for relaxation, golf, mountain climbing and business. Certainly, Dalat is now a thriving city.

On the contrary, Mang Den has just been known to tourists for very few years. Central tourism authorities have revealed its charms and announced Mang Den as a new destination for travelers. Travel companies and individuals have come in to build villas in anticipation of a tourism boom in the area.

Here and there in the area of Kon Plong District, several villas have been put into service and tens of new villas are being constructed by the sides of hills, under the shade of pine trees and along the main road, which lies between Mang Den Pass in the south and Biolac Pass in the north.

Situated between the passes, Mang Den is not easy to reach as approach roads are not as good as those leading to Dalat, but this is a safe place to live and holiday. It goes without saying that Mang Den offers a haven of peace and serenity away from the bustle of the city.

There’s more for visitors to explore in the virgin charms of the area.

Mang Den is still a remote area but worth visiting for a weekend vacation. Here, visitors can open their eyes wide to view and feel the beauty of nature, inhale fresh air, trek in the forest and up the hills and mountains, and chat with the hospitable locals.

Mang Den can be reached by motorcycle and car. If you are not sure how to drive a car or ride a motorcycle there, do not hesitate to ask a taxi motorcycle driver or the people you happen to meet in Kontum City for the way to the haven of peace and serenity.

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Hospitality industry raises image in France

Posted on 16 December 2009 by hoang

“Vietnam – a favourite destination” was what Vietnamese travel agents highlighted at a meeting with French partners in Paris on December 14, offering a number of discount tours and new products.

The Deputy General Director of the Vietnam National Administration of Tourism (VNAT), Nguyen Manh Cuong, presented a programme of action themed “Impressive Vietnam” launched by the State to help the non-smoke industry rebound.

The move focuses on administrative reforms such as visa pick-up at border-gates for tourists and visa exemption for overseas Vietnamese, said the senior travel official.

He also cited intensive investments in infrastructural facilities, improvement of service quality and product diversification.

The hospitality industry is struggling against the impact of the global economic meltdown, decreasing number of foreign arrivals by 12.3 percent year-on-year to 3.4 million so far this year.

French tourists, who ranked seventh in the number of foreign arrivals, were reduced by 3.7 percent year-on-year to almost 160,000 in the months to December.

Cuong, however, expressed optimism over the French market, the top-ten market in terms of visitors to Vietnam , citing numerous accords of cooperation as a springboard.

Vietnam and France reached an agreement in tourism in 1996. In 2005, a protocol between the VNAT and the French Department of Tourism was signed and most recently in last September a Memorandum of Understanding (MOU) on implementing the above-mentioned protocol was inked.

The MOU covers the exchange of information, assistance in personnel training and promotion campaigns for investment-tourism which call for favourable conditions for travel agents between the two countries to meet and discuss opportunities of investment.

Vietnamese Ambassador Le Kinh Tai highlighted major events next year such as the Hue Festival in June, the Thang Long-Hanoi millennium anniversary in October, and the French Week in Vietnam in November as attractions for foreign tourists, especially from France.

(vietnamplus)

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Additional 4 sluggish projects in Lao Cai asked to halt work

Posted on 15 December 2009 by hoang

Sapa6Lao Cai province people’s committee decided on December 14 to halt performance of the four sluggish projects in the northeast of Sapa Dist.

These are the two investment projects of complexes of hotels, restaurant and recreation areas; a 100-hectare golf course projects with Saigon Tourism Corp as the main investor, and the resort complex project located in the northeast of Sapa Town, with Sapa PetroVietnam Insurance JSC as the main investor.

Previously, the local authority had issued official documents to halt performance of 33 investment projects, and to allow 16 projects to extend their investment progress until December 31, 2009, and the other six projects to continue being carried out. The main reasons for stop carrying out the projects were because the investors failed to conduct the research works and prepare for the application profile in order to submit to the functional authorities for approval in time. As for the extended projects, if the investors cannot submit the projects’ profiles to the local Department of Planning and Investment before December 31, 2009 to apply for investment certificate, the projects will become invalid.

Pham Van Cuong, vice chair of Lao Cai province people’s committee stated that in the near future, the local authority would continue check the implementation progress of those projects that have already received investment licences. If the investors fail to prove their capacity to carry out the projects as committed, the local authority will revoke the certificates in accordance with the state laws.

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Cam Ranh inaugurates international terminal

Posted on 15 December 2009 by hoang

Cam-Ranh airportVietnam’s deputy prime minister Hoang Trung Hai has inaugurated the passenger terminal of Cam Ranh Airport in the country’s south central coastal province of Khanh Hoa. The terminal, built at a cost of over US$10.9 million, has a total floor area of 14,000m2 and is able to handle 800 passengers per hour.

Under the Transport Development Master Plan to 2020 with vision for 2030, which has been approved by the government, Cam Ranh Airport will handle domestic and international flights and accommodate Boeing 777s. It will be upgraded to serve 5.5 million passengers a year by 2020, and eight million by 2030.

After the inauguration a Silk Airlines aircraft touched down, becoming the first international airline landing at the airport. (passengerterminaltoday.com)

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Ba Ria-Vung Tau secures four-star resort

Posted on 10 December 2009 by hoang

Trung Thuy Joint Stock Co will begin work on a four-star resort in Xuyen Loc District in the southern province of Ba Ria – Vung Tau next year.

The US$52.6 project will have 300 rooms and 350 villas for lease, and the projects’ first phase is expected to be completed in 2011, according to Duong Thanh Thuy, the company’s CEO.

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Life‘s beach

Posted on 10 December 2009 by hoang

Is the plan to reclaim a stretch of sandy beach for public use in Danang too little to late?

Prior to the current tourism boom the endless coastal stretch from Danang to Hoi An had been free from development for years. The beaches used to be a place for locals to take a dip on hot summer days or unload their overnight catch. But, the tourism boom has seen this stunning coastline divvied up by developers and it seems inevitable that grand resorts will soon have a monopoly on the seaside view.

DaNang seaThat’s all very well for the more cashed up members of society and travelling community but the locals that once swam freely would be doing well to afford to join in the fun. The developers would argue that the hotels and resorts will provide employment with better earnings for the local population, though not everyone wants to or can make that kind of transition.

Fishermen will sail elsewhere as beaches accommodate the guests of the luxury hotels and golf courses. The developers will fence off the beach fronts so privileged guests are undisturbed. Local swimmers will have to drive further up the coast to find a spot to dump their bucket and spade.

For the time being you can flop around the beach at Non Nuoc or Cua Dai but for how much longer? Local authorities eager for tourism dollars continue to lease the beaches out to hotel developers. Hotel groups such as Hyatt, Raffles and InterContinental all have designs on this part of the country.

In Danang, at least, the authorities decided to buck the trend and earmarked a modest stretch in My Khe beach for public swimming. On Son Tra peninsula, the former military zone, nearly got swept away by the wave of tourism. The Danang authorities decided to reserve a small piece of this small paradise for public bathing and announced it would reclaim three hectares of Bai Nam and Bai Con for public use.

The only problem is that they already signed off this beach to a developer, which is still planning to build 198 villas and a hotel. The company is refusing to back off, claiming they have mortgaged the land to a bank to take out a loan for the construction of the resort. The matter is unresolved.

It is odd, however, that the authorities looked to stop a project that was already under construction while just a few hundred metres away, another resort project has sat idly for years with just a few half-completed villas.

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