Luxury seaside villas go on sale in Danang

Ignoring a marked downturn in the property market and a flagging tourism industry, VinaCapital Real Estate Ltd unveiled 115 luxury seaside villas for sale in the central city of Danang on August 29.

The company, a subsidiary of Vietnam’s biggest fund manager VinaCapital Group, late last week launched sales of the villas, part of the Ocean Villas development at Danang’s Ngu Hanh Son District.

Ocean Villas covers a 21-hectare beachfront site with 115 two-storey villas, each of which houses two to five bedrooms with an ocean or golf-course view.

It is the first residential segment of the Danang Beach Resort, which includes a five-star hotel, two 18-hole golf courses, a marina, a cultural center and nearly 400 luxury villas.

Each property is being sold from US$375,000 to $840,000, or about 366 to 820 times the average national per capita income.

Hong Nguyen

vietnews

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