|Da Nang Beach|
US$60 million will be invested in a vacation complex by the financial services and real estate development company Indochina Land Holdings in Hoa Hai ward, Ngu Hanh Son district, Da Nang city. The vacation complex has an area of 20 hectares of locally leased land, bordered to the north by Vegas Club & Beach Resort.
The vacation complex will consist of a hotel, multistory apartments, a resort, villas, etc. The multistory apartments and villas will be on sale.
According to Mr. Peter Ryder, Director of Indochina Land Holdings, the project will be started after reception of the investment license and land hand-over.
Indochina Land Holdings has already invested US$27 million in another complex, including a trade center, office buildings, and multistory apartments in an area of 32,083 square meters at 74 Bach Dang Street, Da Nang City.