Da Nang Beach Resort

Market Update

31st March, 2008

Prepared by: Danang Office

RESORTS PLANNED & UNDER CONSTRUCTION

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 Danang Master Plan with Future Resort Strip

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 Danang Resort Projects

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 Intercontinental Danang Resort
ƒ Address: Son Tra Peninsula

ƒ Investment capital: TBA

ƒ Developer: Terra Join Stock Company

ƒ Site area: 10 ha

ƒ Completion: Q4/2009

ƒ Status: Site clearance

ƒ Resort Operator: Intercontinental

ƒ Hotel & Resorts
Project description:
200 Room Five Star Hotel

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 Son Tra Spa & Resort (Swiss-Belhotel)

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 Son Tra Spa & Resort (Swiss-Belhotel)
ƒ Address: Son Tra Peninsula

ƒ Investment capital:$41 million

ƒ Developer: Son Tra JS Company

ƒ Site area: 30 ha

ƒ Completion: Phase 1 (24 villas + Resort) – Q2/2008

ƒ Status: Under construction

ƒ Resort Operator: Swiss-Belhotel

Project description:
193 Villas for Sale for Vietnamese
100 Five Star Hotel Rooms

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 Son Tra Spa & Resort (Swiss-Belhotel)
ƒ Foreign investment is not permitted
in this military area

ƒ Villas are sold freehold and when

buyers fulfil their payment
obligations, they will then receive
the certificate of land use right and
villa ownership

ƒ Buyers will also be given an

opportunity to lease out their villas
to the developer

ƒ Developer’s target market is

Vietnamese people and, up to now,
most buyers are from Hanoi and Ho
Chi Minh City

CB Richard Ellis | Page 8

 Son Tra Spa & Resort

Area Number Land Area Floor area (sqm)

of villas (sqm)
A 24 250 76m, 80m2, 83.7m2 Payment terms:
30% Signing
25% Foundations
B 48 200 76m2, 77m2, 83.7m2 30% Roof Top
10% on Handover
D 121 150 75m2, 76m2, 76m2,
83.7m2

No. Area Number of villas Selling price (USD)

1 A 24 US$350,000
2 B 48 US$450,000

3 D 121 US$130,000; US$165,000;

US$170,000; US$180,000

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 TIEN SA OCEAN ECO RESORT
ƒ Address:Bai Bac, Son Tra Peninsular, Tho Quang ward, Son Tra
District, DaNang city

ƒ Investment capital:VND480 billion

ƒ Developer: TIEN SA Ocean Resort Development and Investment JSC

ƒ Site area: 30 ha

ƒ Completion: 2010

ƒ Status: Under construction

ƒ Resort Operator:

Project description:
5-star villas, family activities area, gardens with high standard for
both foreigners and high income Vietnamese.
The resort has restaurants and other facilities such as spa, sport and
leisure facilities.

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 CORAL REEF RECREATION & SPORT AREA
ƒ Address: Son Tra Peninsula

ƒ Investment capital:VND80 billion

ƒ Developer: Coral Reef Diving

centre

ƒ Site area: 2 ha

ƒ Status: start construction 2008

Project description:

Diving, snorkeling, water-skiing &

Other recreational water sports

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 BAI BUT BAY RESORT

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 BAI BUT BAY RESORT
ƒ Address:Bai But, Son Tra
Peninsular, Tho Quang ward, Son
Tra District, DaNang city

ƒ Investment capital:VND300 billion

ƒ Developer: Hai Duy JS Co

ƒ Site area: 19 ha

ƒ Completion: 1 phase 2010

ƒ Status: Under construction

Project description:
230 Room Hotel
84 Hotel Villas
61 Residential Villas
Diving (island)
Water Sport

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 BAI BAC OCEAN ECOLOGICAL RESORT

ƒ Address: Bai Bac, Son Tra Peninsula

ƒ Investment capital: VND 280 billion

ƒ Developer: Dia Cau JS Co.

ƒ Site area: 41,7 ha

ƒ Completion: 1st phase 2009

ƒ Status: under construction

Project description:
100 Room Five Star Hotel

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 BAI TREM RESORT
ƒ Address: Bai Trem – Tho Quang -
Son Tra Peninsula

ƒ Investment capital:VND350 billion

ƒ Developer: Savico Ltd Co.

ƒ Site area: 5,7 ha

ƒ Completion: 2010

ƒ Status: start constructions 2008

ƒ Resort Operator: Four Seasons

Project description:
20 Villas
119 Four Star Hotel Rooms
& Recreation services

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 Nam Long Villas Project

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 Nam Long Villas Project

ƒ Address: Phuoc My, Son Tra Dist,

Danang

ƒ Investment capital:$20 million

ƒ Developer: Nam Long JS Co.

ƒ Site area: 5 ha

ƒ Completion: Unknown

ƒ Status: Site clearance

Project description:
Villas

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 Sunrise Resort

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 Sunrise Resort

ƒ Address: My An ward, Bac My An, Ngu

Hanh Son

ƒ Investment capital:$60 million

ƒ Developer: Dia Cau JS Co.

ƒ Site area: 13.1 ha

ƒ Completion: Unknown

ƒ Status: Site clearance

Project description:
200 Room Five Star Hotel
50 villas

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 Hoang Tra Resort

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 Hoang Tra Resort

ƒ Address: An My ward, Bac My

An, Ngu Hanh Son Dist.

ƒ Investment capital: $20 million

ƒ Developer: Hoang Tra Tourism

Company

ƒ Site area: 4 ha

ƒ Completion: Q4/2008

ƒ Status: Under Construction

Project description:
5 star Hotel
180 Rooms
Conference 500 seats
2 Tennis courses

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 Development in China Beach Strip NORTH
Three major projects have commenced in
this area in 2007 that are slated for 2009
completion
• Eden Resort
– retail, international school, five star hotel,
villas
• Olalani Resort
– 163 room five star hotel, 3 villas, 62
condominiums/ condotels
• Silver Shores Crowne Plaza Resort
– 500 room hotel, casino with 100 slots, 8
tables

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 Eden Resort

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 Eden Resort
ƒ Address: China Beach – Next to
Furama Resort

ƒ Investment capital: $150 million

ƒ Developer: Bac Hai Join Stock Co.

ƒ Site area: 34 ha

ƒ Completion: Unknown

ƒ Status: Phase 1: building

commercial area 1,3ha- complete
Q2/2008
Project description:
200 Room Five Star Resort of 4,5ha
300 Room Five Star Hotel of 5 ha
International conference hall for
1,000seats
200 Villas, 200 Shop-houses
Parks, Tennis court & other
Recreational
facilities
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 RESORT PROJECT

ƒ Address: China Beach, Hoa Hai

Ngu Hanh Son, Danang

ƒ Investment capital:

ƒ Developer: 559 JS Company

ƒ Site area: 4 ha

ƒ Completion: Unknown

ƒ Status: Design phase

Project description:
Resort

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 Olalani Resort & Condominiums

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 Olalani Resort & Condominiums
80 Condominiums
Address: China Beach
Investment capital: $20 million
Developer: United Trust group
Site area: 7ha
Completion: Q2/2009
Status: under construction

Project description:
Office/Retails
170 Room Five Star Hotel
3 Villas (sold 3)
80 Condominiums

Condo Details
80 Condominium/Condotels
Price $1,400 – 1,600/sqm
Offering Automatic Renewals for
Foreign Lessees
Average Unit Size

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 Olalani Resort & Condominiums
Condominiums

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 Olalani Resort & Condominiums
ƒ 80 Condominiums
No. Land Selling price
Type of Condo Area (USD) Description
(sqm)
Style A-Studio ( Living room, kitchen, dinning area, bedroom, bathroom,
1 bed room) 10 63 US$170,000 balcony

Style B1 – Living room, dinning area, kitchen, 2 bed rooms,

2 bed rooms 10 117 bathroom, closet, laundry area, balcony, hall

Style B2 – 2 bed 10 122 Living room, dinning area, kitchen, 2 bed rooms, 2
rooms bathrooms, closet, laundry, hall balcony
Style B3- 2 bed 10 126 Living room, dinning area, kitchen, 2 bed rooms, 2
rooms bathrooms, closet, laundry, balcony & hall
Style C1- 1 10 180 Living room, kitchen, dinning area, 3 bed rooms,
3 bed rooms 2bathrooms, master closet, closet, laundry, balcony,
hall
Style C1-2 10 180 Living room, kitchen, dinning area, 3 bed rooms, 3
3 bed rooms bathrooms, master closet, closet, laundry, balcony, hall

Style C2-1 10 182 Living room, work room, kitchen, dinning area, 3 bed
3 bed rooms rooms, 3bathrooms, master closet, closet, laundry,
balcony, hall
Style C2-2 10 US$532,000 Living room, work room, kitchen, dinning area, 3 bed
3 bed rooms rooms, 2bathrooms, master closet, closet, laundry,
balcony, hall

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 Olalani Resort & Condominiums
Villas:
High standard with imported appliances, timber fitting, electronics, Vietnamese styling, private
pool. Very good beach, ocean view.

No. Land Area Selling price

Villas villas (sqm) (USD) Description

One Storey 1 700 USD2,5 Living room, kitchen, dinning area, 3 bed
(Build million rooms, 2 bathrooms, work room, atrium,
400) closet, laundry, terrace, hall, garage, home-
help area, entry
Two Storey 2 700 USD2,7million Living room, kitchen, dinning area, 3 bed
(Build rooms, 2 bathrooms, work room, atrium,
250) closet, laundry, terrace, hall, garage, home-
help area, entry

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 Silver Shores Crowne Plaza Resort

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 Silver Shores Crowne Plaza Resort

ƒ Address: China Beach

ƒ Investment capital: $86 million

ƒ Developer: Hoang Dat Silver Shore

ƒ Exceptional Int’l Entertainment

ƒ Site area: 20 ha

ƒ Completion: Q2/2009

ƒ Operator: Intercontinental Crowne

Plaza

ƒ Status: Under Construction

Project description:
500 room hotel
casino with 100 slots, 8 tables

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 Asia Pearl Resort

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 Asia Pearl Resort
ƒ Address: China Beach

ƒ Investment capital: $25 million

ƒ Developer: Asia Pearl J.S Company

ƒ Site area: 17 ha

ƒ Completion: 2010

ƒ Operator: not yet

ƒ Status: Site cleared – Design phase

Project description:
180 rooms

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 Da Nang – Sai Gon Resort

CB Richard Ellis | Page 35

 Da Nang – Sai Gon Resort
ƒ Address: China Beach

ƒ Investment capital: $20 million

ƒ Developer: Danang Saigon JS Co.

ƒ Site area: 12 ha

ƒ Completion: Unknown

ƒ Status: Design phase

Project description:
Resort and Villas

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 Hyatt Regency Da Nang Resort & Spa

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 Hyatt Regency Da Nang Resort & Spa
ƒ Address: China Beach

ƒ Investment capital: $100 million

ƒ Developer: Indochina Land

ƒ Site area: 20 ha

ƒ Completion: 2010

ƒ Operator: Hyatt Regency

ƒ Design: RMJM Singapore

ƒ Status: Construction

Project description:
226 Five Star Hotel rooms
30 Villas
150 Condominiums
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 Raffles Da Nang Resort

CB Richard Ellis | Page 39

 Raffles Da Nang Resort
ƒ Address: China Beach

ƒ Developer: Arabian Kingdom

Hotel Investments (KHI)

ƒ Investment Capital: $100

million

ƒ KHI will replace the former

investor KDL Vegas

ƒ Operator: Raffles

ƒ Area: 15.4 ha

ƒ Completion: Q1/2011

ƒ Status: Design – phase

start construction 2009
Project Description:
140 5-star hotel rooms with
8 luxury villas, 150 Condo
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 I.V.C RESORT
ƒ Address: China Beach, Hoa Hai Ngu
Hanh Son, Danang

ƒ Developer: I.V.C Company

ƒ Investment Capital:

ƒ Area: 3.77 ha

ƒ Completion:

ƒ Status: Design – phase

Project Description:
5 start Resort

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 Hoang Anh Gia Lai Resort

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 Hoang Anh Gia Lai Resort
ƒ Address: Ngu Hanh Son

ƒ Investment capital: $25 million

ƒ Developer: Hoang Anh Gia Lai Group

ƒ Site area: 4.5 ha

ƒ Completion: Unknown

ƒ Status: Planning
Project description:
200 Hotel Rooms

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 SAO VIET RESORT
ƒ Address: Hoa Hai, Ngu Hanh Son,
Danang

ƒ Investment capital: $30 million

ƒ Developer:

ƒ Site area: 12.7 ha

ƒ Completion: Unknown

ƒ Status: Planning

ƒ Project description:

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 Gulf Resort

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 Gulf Resort
ƒ Address: Hoa Hai, Ngu Hanh
Son, Danang

ƒ Investment capital: $100

million

ƒ Developer: Gulf Vietnam

Development Limited

ƒ Site area: 15.3 ha

ƒ Completion: Unknown

ƒ Status: Planning
Project description:
Hotel, Condominiums, Villas

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 The Nam Khang Resort

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 NAM KHANG – IREKA RESORT
ƒ Address: Ngu Hanh Son

ƒ Investment capital: $30 Million

ƒ Developer: Nam Khang Ltd Co.

ƒ Site area: 20 ha

ƒ Completion: Unknown

ƒ Status: site clearance

Project description:
Resort

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 Ha Noi Tourism Resort

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 Hanoi Tourism Resort
ƒ Address: Ngu Hanh Son

ƒ Investment capital: $25

Million

ƒ Developer: Hanoi tourism

ƒ Site area: 7 ha

ƒ Completion: 2009

ƒ Status: Design phase

Project description:
650 Five Star Hotel
100 Villas

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 P&I RESORT

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 P&I RESORT
ƒ Address: Ngu Hanh Son

ƒ Investment capital: $10 Million

ƒ Developer: P&I Ltd Co.

(Japan)

ƒ Site area: 10 ha

ƒ Completion: 2009

ƒ Status: Design phase

Project description:
Resort & 33 Villas
Conference
Tennis court
Mineral Spring

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 KOR Resort

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 KOR Resort
ƒ Address: China Beach

ƒ Investment capital: $200 Million

ƒ Developer: Dubai Asia Pacific Group Limited

ƒ Site area: 39 ha

ƒ Operator: KOR

ƒ Completion: 2012

ƒ Status: Design phase

Project description:
Phase 1(2010): 140 Hotel Rooms, 50 Villas
Phase 2(2012): 80 Hotel Rooms, 20 Villas

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 Vina Capital Resort and Golf Course

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 Vina Capital – Beach Resort and Golf Course
ƒ Address: China Beach

ƒ Investment capital: $120 Million

ƒ Developer: Vina Capital

ƒ Site area: 260 ha

ƒ Completion: 2016

ƒ Status: Under construction

Project description:
500 Four Star Hotel Rooms
400 Villas
Golf Course 36 hole layout
Condo for sales
Cultural Village & Beach Resort

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 Vina Capital – Beach Resort and Golf Course

Golf course design by “Greg Norman Golf Course

Design” company

Four classes of Residential Villas:

(All include serviced facilities such as club, spa, recreation amenities)
Residential Villas – Ocean View and Golf View
Residential Villas – Ocean View Only
Residential Villas – Golf View Only
Residential Villas – Internal View – Lake, Courtyard, or other landscape
features

Unit Sizes:

1 Bed – 150 sqm (300 sqm lot)

2 Bed – 250 sqm (450 sqm lot)
3 Bed – 350 sqm (600 sqm lot)
4 Bed - 600 sqm (900 sqm lot)

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 Vina Capital – Beach Resort and Golf Course
Project Details:

4 phases:

1. 2007 - 2009
2. 2010 - 2012
3. 2012 - 2014
4. 2014 - 2016

Phases:
1. First 18 holes golf course, club house & 200 villas
2. Second 18 holes golf course, club house & 200
villas
3. Culture village and 500 Four star Hotel
4. Condominiums & Tourist Marina

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 HA Tourism Resort

ƒ Address: Hoa Hai, Ngu Hanh Son, Danang

ƒ Investment capital: USD 20 million

ƒ Developer: Ha Trade Private Limited Company

ƒ Site area: 15.7 ha

ƒ Completion:

ƒ Status: Design phase

ƒ Project description:
Resort

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 Resort & Villas Projects Summary
Name Resort Villas Apartments Operator Expected
Rooms (No) Completion
Son Tra Resort & 100 193 - Swiss-BelHotel 2008
Spa
InterContinental 200 TBC - InterContinental 2010
Hotel Group
Nam Long Villas 62 - - -
Sunrise 200 50 - TBA -
Hoang Tra 180 - - TBA Q4/2008
Eden 500 200 TBC TBA -
Olalani 170 3 80 TBA Q2/2009
Crowne 500 TBC TBC InterContinental Q2/2009
Hotel Group
Asia Pearl 180 - - TBA 2010
Hyatt Regency 226 30 150 Hyatt Regency Q4/2009
Raffles Da Nang 140 8 150 Raffles Q1/2011

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 Resort & Villas Project Summary
Name Hotel/Resort Villas Apartments Operator/ Expected
Rooms (No) Management Completion
Hoang Anh Gia Lai 200 - - TBA -
The Nam Khang TBC TBC TBC - -
Hanoi Tourism 650 100 - - 2009
P & I Resort TBC 33 - -
KOR Resort 140 50 KOR Group 2012
Vina Capital Resort 500 400 TBA 2010 – 2016
& Golf Course
Total 3,886 1,129 380

Current Resort Resort Operator/ Completed

Rooms Management
Furama Resort 198 Furama Hotel & 1997
Resort International
Sandy Beach Resort 188 Ben Thanh Tourist 2004

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 Da Nang Office 253 Hung Vuong st,
Hai Chau District, Danang City
T: 05113 256 777 / F: 05113 256 778
Thuy Ha, Research Executive
0905 194 020
thuyha.nguyen@cbre.com

David Brunt, Senior Manager

0912 040 100
david.brunt@cbre.com
Hanoi Office 12A Floor, Tower B
Vincom City Towers
191 Ba Trieu, Hanoi
T: 04 220 0220/ F: 04 220 0210

HCMC Office Unit 1301, Me Linh Point Tower

2 Ngo Duc Ke St. District 1, HCMC
T: 8 824 6125 / F: 08 823 8418

Email / Website vietnam@cbre.com

CB Richard Ellis | Page 62
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