"29/08/2020" Archives

       A new 5* project Panorama behind 2/4 Square and located in the heart area of Nha Trang City. This high-end project has 6 floors of commercial and 33 floors with 1,112 units offered for sale. The condotel Panorama Nha Trang is managed and operated by Indonesia’s renowned TAUZIA group, which has more than 100 years of experience and currently manages more than 300 luxury resort chains around the world.

       The project developer Nha Trang Bay Company (orig. Vịnh Nha Trang (VNT)) was established in 2014 with a modest charter capital of 500 million VND. More than 2 years later, the company continues to increase capital to 300 billion VND including 4 shareholders. The largest shareholder Ha Quang Real Estate JSC was established in 2001 with strategic shareholders JSC Vietnam Cattle Company and Vietnam Petroleum Finance Corporation (PVFC) with a charter capital of 500 billion VND. Currently, Ha Quang is constructing two Le Hong Phong I new urban areas and Le Hong Phong II new urban area (collectively known as Le Hong Phong urban area, which has the trade name Venesia). The scale of this project is huge, about 108 ha and is one of the largest urban project in Nha Trang city, now thousands of houses and streets is being built.

       Apart from the Panorama and Arena project, the chairman and founder (/general director) of VNT together with a number of other individual shareholders have owned many big names projects as Cam Ranh Resort, Cruise Club JSC. This is an ecotourism resort stretching on Nguyen Tat Thanh (Cam Ranh Peninsula) with a total area of ​​about 55 ha with total about 1200 land plots, the second phase is expected to develop about 80 ha.
In addition, one of the companies of this group of investors is Cau Tram Tourism JSC has been allocated 15 ha land in Khanh Hoa province in Cam Hai commune, Cam Lam district to deploy investment projects Cam Ranh Bay Cottages with a total investment of 800 billion VND.

      On 5/2018 policy has been changed – Foreigner will not get a pink book (ownership certificate) instead of it he gets 50 years lease contract if purchased.