Work starts on tourism property project in Binh Thuan

Update: 16/12/2009
Saigon-Thai Son Real Estate JSC, a subsidiary of Thai Son Corporation, last Saturday broke ground on a tourism property project called Sunshine Hill in Phan Thiet City in the central coast province of Binh Thuan, some 200 kilometers from HCMC.

Phung Danh Tham, general director of Thai Son Corporation, said the company would invest VND690 billion to turn a 7.4-hectare site of sandy hills in Phu Hai Ward in the resort city to a villas project with 139 units from 384 to 532 square meter each.

The project owner says the villas are designed according to European styles, and each villa has three floors and three bedrooms facing the ocean. Besides, there are a private swimming pool and a garden in each villa.

Speaking at the ground breaking ceremony, Nguyen Van Thu, vice chairman of Binh Thuan Province, boasted that the natural terrain with sandy hills and quiet beaches made the province, especially the Mui Ne region, a favorite destination for tourism property investors.

Thu said luxury properties being developed in the region would help improve tourism facilities in the province, providing diversified accommodations for local and international travelers.

The developer says the villa project will be up and running after 15 months of construction.

Savills Vietnam, exclusive agency for the project, said 44 villas were launched in the first phase with prices from US$230,000 to US$300,000 a unit.

Source: monre.gov.vn