Hyatt Regency Danang Residences

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Hyatt Regency Danang Sales Office
Son Tra - Dien Ngoc Coastal Road, Hoa Hai Ward, Ngu Hanh Son District, Danang, Vietnam
HOTLINE (+84) 5113 22 1234   |   EMAIL sales@marblemountainresidences.com

Indochina Land’s Quality Real Estate Projects Resist Sluggish Market

(Hanoi, 14 December 2010) – Since the start of 2010, Vietnam’s property market has steadily improved on par with the continued expansion of the economy, as the trajectory of the domestic real estate market is linked to that of the economy. With brighter economic outlooks onshore and off, Vietnam’s commercial and residential property sectors have experienced positive momentum, a trend that is forecasted to continue through the New Year.

The renowned Hyatt Regency Da Nang Residences has continued its outstanding performance, leading the development of the Central Coast with US$72.5 million in sales, nearly completing the superstructures for all 66 buildings, and the launch of the final phase planned for 2011.

Hyatt Regency Danang Resort and Spa offers Vietnam’s first branded residences and is located on a stunning 20 hectare beachfront site, voted by Forbes Magazine as one of the world’s ten most beautiful beaches. This exclusive beachfront resort and residential complex under development by Indochina Land is comprised of 182 luxury condominiums, 27 luxury three-bedroom villas for sale, and a 200 room five-star resort that will all be managed by Hyatt Hotels and Resorts™

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As of December 2010, the construction team has fully completed the superstructure for 62 of the 66 buildings located on the site. This includes Condominium Blocks A, B and C, as well as all of the residential villas and the superstructure for the 200-room hotel. The foundations for Condominium Block D have recently been completed, and we expect to launch sales on an exclusive basis to our most valued clientele in early 2011. With only 28 well appointed three-bedroom condominiums for sale in the building, we are confident these units will move fast.

Following a hugely successful launch in 2009 that gained positive awareness nationwide, sales have continued at an accelerated pace throughout 2010, outperforming all competing projects along Da Nang’s pristine coastline and generating over US$20.3 million. With available inventory 90% sold out and the launch of Block D nearing, investors will have one final chance to become an owner in Vietnam’s most luxurious and desirable beachfront destination.