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Vietnam Property Listing - rent House Villa - Expat Ho Chi Minh - office for lease
Main > Investment > Starlight Tower Condo
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Our Ref. Numer: 482
Type: Investment
Featured: No

Introduction The Great Lakes Golf Club & Resort Development is a new project situated at Ho Tram, on 90 Ha of magnificent beachfront and adjacent land, designed to take advantage of the growing importance of Vietnam's emerging tourist sector. Its underlying concept is to provide a complete resort destination that will satisfy the most discerning visitor by providing a truly luxury facility with a combination of amenities suited to all tastes and age groups.

Location and access Ho Tram is a coastal town located along the major new coastal highway leading from Vung Tau City, just 30 minutes distant to the south, to Phan Thiet about two and a half hours away to the north. With improving road conditions, Ho Tram can be reached in less than two hours from Ho Chi Minh City. It offers a convenient get-away to both weekend visitors who reside in Ho Chi Minh City and surrounding areas and the discerning foreign traveler who seeks something more luxurious and aesthetically pleasing to varying tastes while encouraging longer term stay with its varied leisure and entertainment facilities. As an innovative alternative, visitors may travel by high-speed ferry from Ho Chi Minh City directly to the resort site arriving at the marina that leads directly to the hotel and resort complex, all within a two hour relaxing trip along the serene waterways of the Saigon and Long Tau Rivers.

Amenities and facilities Among the many attractions of Ho Tram are the following features that will encourage both longer stay and weekend visitors who will be able to enjoy their visit and who may later wish to consider a more permanent resort residence for corporate entertaining, family enjoyment or exotic retirement. This particular location on Vietnam's south eastern coast line, provides ideal year-round weather conditions that enable maximum usage and enjoyment of the resort facilities. Main features will include:

The Great Lakes Golf Course. A magnificent 18-hole championship golf course created by a leading international golf course designer offering many challenging holes over and around lakes and waterways with the final two holes rated par five for the most demanding finish.

A clubhouse suitably located to take advantage of the magnificent views of the course, lakes and backdrop of heavily forested surroundings.

Luxury Condominiums Two 14 x storey twin luxury condominium towers on the golf course site that offer panoramic views of the fairways, lakes, surrounding forest and of the sea and marina just 300 meters distant.

A five-star luxury beach front resort hotel with 240 rooms furnished to the highest standards and under management of one of the leading internationally recognized hotel management groups.

Other features will include: -

A marina with yacht clubhouse overlooking the harbor and sea beyond.

A botanical garden where exotic plant life may be enjoyed amid a full service restaurant, tea room and leisurely walkways.

A casino, ballroom and specialty 24-hour restaurant within the hotel complex.

A large swimming pool and a spa to cater for those seeking refreshing exercise, sunbathing or therapeutic treatment.

Beachfront bungalows to accommodate small groups, family needs or retirees, with full access to all services and amenities of the resort.

Four 7 x storey luxury beachfront condominium towers that offer magnificent views of the golf course, forest, sea and marina just 200 meters distant.

Investment proposals The developer, Starlight Anh Sao Limited, is offering the following terms to qualified investors:

A fifty year (50) lease with extensions thereafter at no further cost, for an entire 14 x storey luxury twin tower condominium (Starlight Towers) at an inclusive price of US$15M.

The price is inclusive of luxury fittings but not furnishings.

The twin tower comprises 100 x 3 bedroom units each of 116 sqm and 4 x 4 - bedroom penthouses each of 341 sq.m.

The price will also include 104 x detachable lifetime golf club memberships that may be resold by the investor or the individual owners of units, if they do not wish to play golf.

When the anticipated changes in land laws take place in Vietnam following the purchase that allows longer term lease or freehold ownership, the tenure to the investor will be upgraded to the latest beneficial ownership condition.

The investment proposal represents an inclusive wholesale price to allow the investor to resell, sub-lease, time share or rent individual units to private users, owners or investors at a retail price for commercial gain and/or long term capital appreciation. Assistance can be provided to help resell individual units to both local and overseas investors and for a qualified property management company to assume property maintenance, security and administration functions on behalf of owners.

Investment structure The investor will acquire his rights via an offshore Hong Kong company to which the master lease will be granted by the project owner. Individual unit owners will be able to acquire their interests by buying a single share in this company that will have its ownership rights and golf club membership attached thus enabling an efficient vehicle to divest their interest offshore at a later time, if desired.

Price - US$15,000,000

A complete 14 x storey twin tower, built to the highest international standards, with 104 units of accommodation is available for an asking price of US$15 Million as a complete wholesale package.

Lifetime golf membership included The price is inclusive of 104 lifetime golf memberships that may be detached and sold to other parties.

Property management services Assistance may also be provided in reselling individual units where required at retail prices that are expected to fetch in the region of USD$1,800 to USD$2,200 per square meter of accommodation. Management services for maintenance, security, subletting and resale may also be provided to interested parties under normal commercial terms.

Terms of payment

25% - initial deposit upon execution of purchase contract.

4% - per month for 15 months during construction period.

15% - balance upon handover of completed project.

Hits: 17121

More Information
Regional: Southern Key Economic Region-SKER
City/Province: Ba Ria-Vung Tau

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The information contained herein is believed to be true but does not form part of any future contract. Although obtained from sources we deem reliabel, we assume no responsibility and no warranties are made or implied regarding any errors, omissions, prior sale or withdrawal from the market without notice and the purchaser will need to make their own enquiries and independent investigations as to the facts and suitability of the property for their intended use or purpose.
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