The property developer VinaCapital Group has begun construction of the Ocean Estates on an area of 7.5ha with total investment capital of 650 billion VND (nearly 30 million USD) in Da Nang city.
Da Nang (VNA) - The propertydeveloper VinaCapital Group has begun construction of the Ocean Estates on anarea of 7.5ha with total investment capital of 650 billion VND (nearly 30million USD) in the coastal district of Ngu Hanh Son in central Da Nang City.
Ocean Estates will be ready in late 2017 with 33beach villas from three to five bedrooms on plot sizes from 929s.qm to1,303sq.m.
Matthew Koziora, Director of TransactionVinaCapital, said “We pioneered the second home market in Da Nang City back in2009 and appreciate the higher standards now expected from our clients intoday’s marketplace. We understand and appreciate the global trend of luxuryand that the market is seeking a true luxury lifestyle by those looking for atrue beach home experience.”
According to Vinacapital, the Ocean Estates isthe last residential project that will be developed within the beachfrontparcel of the Ocean Resort, the largest resort complex in the central regionwhich was named ‘Best Golf Development’ on numerous occasions at the AsiaPacific Property Awards 2011-16. –VNA
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The inaugural ceremony (Source: VNA) 
