VIETNAM TAKES OFF
Vietnam seems to be the toast of property investors, with a number of top international developers trooping to the communist country with luxury real estate projects.
Resort operator Banyan Tree has unveiled its first investment holiday homes in the country. Scheduled for opening in mid-2012, the resort complex incorporates a golf course designed by Nick Faldo.
Banyan Tree says the concept is modelled on Laguna Phuket, the operator's flagship property.
Laguna Lang Co, in Danang, is a development renowned for its long stretches of white sand beach, beautiful mountainous hinterland and rural charm.
Laguna Lang Co is family oriented and holiday homes for sale are now being showcased in Hong Kong. Buyers are being offered 6 per cent fixed return for six years - or they can opt for a share of the room revenue.
'We have always believed that Vietnam holds the greatest potential for replicating the success of our flagship laguna Phuket destination resort within Asia,' says Ho Kwon Ping, executive chairman of Banyan Tree.