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Real estate companies invest in Nha Trang
Real estate enterprises have recently made huge investments into high-grade apartments and resorts in the central coastal city of Nha Trang , Khanh Hoa province.
Nha Trang has attracted around 1 million visitors, both local and foreign tourists, so far this year, a year-on-year increase of 29 percent. The city is looking to lure 1 million foreign arrivals in the 2010-2015 period.
Ongoing infrastructure upgrades to the airport and roads are making the area much more attractive to investors.
In the near future, Cam Ranh airport will receive over 3 trillion VND (182 million USD) to upgrade the buildings and runway.
Vo Lam Phi, chairman of the Khanh Hoa People’s Committee, said that Nha Trang will become a tourism-urban-zone with high quality tourism products.
At present, many real estate projects are being built in the coastal city, such as Phu Quy tourist zone, Nha Trang Diamond resort, and Diamond Bay .
General director of Sofitel Vinpearl Resort and Spa, Michael Brabsche, said that the company will continue to build on Hon Tre Isle in the near future, with plans for a restaurant, a 10,000sq.m spa resort and an entertainment area with a golf course and high-grade villas.
Nha Trang bay is one of the 29 most beautiful bays in the world, according to on-line polls, with its moderate and warm temperature and a clean atmosphere. Hotels in the city are usually fully booked for most of the year.
The city has just hosted the Miss Universe 2008 pageant.
VNA
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