Phu My Hung begins construction of Urban Hill
Phu My Hung Development Co-operation has launched its second housing project of this year, Urban Hill in its Phu My Hung City Centre, and will go on sale next month. Urban Hill will spread over an area of 4,600sq.m at the site where Co-opmart used to be, and have two blocks of 13 floors with 164 apartments. Almost two thirds of the units will have two bedrooms and range in size from 70sq.m to 74sq.m. The rest will have three bedrooms and measure 100-104sq.m. There will be four stores and a supermarket with a total area of 4,700sq.m in the development.
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Experience green living space at The Zen Residence
The Zen Residence is a part of Gamuda Gardens – the largest township in southern gateway of Hanoi, providing convenient traffic connection to central districts and neighboring provinces. Experts said that this is a destination of trading and living for residents who want to select Hanoi as their home and business. Possessing a simple, pure and natural style, The Zen Residence strives for a civilized, peaceful and harmonic between nature and humans. The “green lifestyle” principle is applied by the investor Gamuda Land on vast greeneries that cover the whole apartment area. To meet demand on enjoying modern lifestyle, the investor also develops sufficient facilities. The Zen Residence offers diverse apartment types with different size and functions, meeting diverse demand of home-buyers.
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Hotel market has strong attraction power to foreign investors
Vietnam hotel market has been thriving strongly in term of projects invested for foreign brands and managed by foreign hotel managers in recent years. The number of hotel projects has increased from 30 in 2017 to 79 in late 2017. This growth becomes clearer in early 2018 when the market constantly announces new hotel management brands, such as Mandarin Oriental (HCMC), Movenpick (HCMC), and Best Western Premier (Quang Binh), etc. A real estate expert said that hotel market in Vietnam is growing well, and the potential of resort segment will continue to attract attention of hotel managers and investors.
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Vietnamese hoteliers are behind global tech trend
Despite Vietnam being an emerging tourist destination and a tech-savvy country, many local accommodation providers seem not to have caught up with the trend. A real estate expert told that Vietnam has experienced unprecedented growth in the hospitality sector. Most hotels and resorts have been very busy, and construction activity continues apace. Still, though Vietnam is considered an emerging destination for international tourists and a location with booming hospitality development, "Building a large room or exciting lobby no longer delivers a sustainable competitive advantage and guest satisfaction," he said, adding that integrating innovations and new trends in upcoming projects would help hoteliers gain a competitive edge in the local industry.
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Danang to enjoy international shopping mall next to casino
VV Mall, the luxurious shopping centre, will be located in the first seaside resort in Vietnam and launched in Da Nang in the second quarter of 2019. According to a real estate company, it has entered into an agreement to become the exclusive marketing and leasing agent for VV Mall which covers 35,000 sq m of leasable space. VV Mall is located on the base of JW Marriott Hotel. Phase 1 was completed and has been put into operation since the end of 2011 including the 535-room Crowne Plaza Hotel and, Crowne International Club, a miniature casino for foreigners with eight electronic gaming tables and 100 slot machines. Thanks to this casino, the Crowne Plaza Hotel is operating at full capacity to serve visitors, most of who come from China. Due to the increasing number of Chinese visitors, Silver Shores Investment and Development Co., Ltd. have implemented the second phase on a larger scale. Crowne Casino will be located between Crowne Plaza and JW Marriott. Despite being initially registered for investment under ownership of the U.S firm, in fact, Silver Shores Investment and Development Co., Ltd. is owned by a Chinese entrepreneur.
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