The company director and developer of a luxury villa complex project in Nha Trang, in south-central Vietnam, is wanted for fraud and property appropriation. The Department of Police on Khanh Hoa Province has issued a wanted notice for Nguyen Viet Hung, 44, director of the Thien Nhan II Trade and Services Company and developer of the Ocean View Nha Trang Villa Complex. Officers began legal proceedings against Hung on December 19, 2017 for fraud and appropriation of property, but the company director fled his home the following week. The project, covering an area of over 63,400 square meters, was approved by the provincial People’s Committee in 2004. While the developer is only entitled to sell their villas once they have been completed and evaluated by the provincial Department of Construction, Thien Nhan II had signed contracts to sell several of the incomplete houses in a scheme to mobilize capital. The firm also sold the same piece of land to multiple clients and even offered mortgaged properties. Clients either did not receive their property as promised or were handed the realty without the sufficient paperwork to prove their legal ownership. Many decided to report the case to local police in mid-2017. As of October last year, a total of 37 land plots within the Ocean View Nha Trang project were still mortgaged by the Agribank branch in Binh Thanh District, Ho Chi Minh City, according to statistics at the Khanh Hoa land registration office. The project, advertised as meeting international standards,… [Read full story]
The 279-room hotel overlooks the pristine coastline and waters of Nha Trang Bay and includes 56 luxuriously furnished suites. Colin McCandless, general manager, InterContinental NhaTrang said; “InterContinental NhaTrang is the epitome of a luxurious beachfront retreat and it is situated along one of the most stunning coastlines in Vietnam. From its fantastic location, InterContinental NhaTrang has been designed to provide contemporary luxury experiences for both leisure and business travellers when they stay, dine or hold an event with us.” Clarence Tan, chief operating officer, South East Asia and Resorts, IHG, said "InterContinental NhaTrang is our first hotel in Nha Trang…... [read more]
Khanh Hoa's tourism business performed well in the last five years, Savills Vietnam, a foreign property service provider, said. The annual expenditure grew by 20% and the annual growth rate of tourist arrivals was 18%.The amended Housing Law allows foreigners to have a 50-year leasehold tenure in residential projects. That is a positive development for the Nha Trang property market, according to Savills Vietnam.The heating up of the property market in Nha Trang has motivated investors to develop their apartment and villa projects by the end of this year, including in Phuc Khanh 1 urban area, Royal Marina, Riviera and…... [read more]
The Vietnamese province should steadfastly implement the plan so that Nha Trang, a destination favored by international tourists thanks to its beautiful beaches, can “become even more beautiful than Hawaii,” Nguyen Chien Thang said as he met local voters on Thursday.Scores of skyscrapers have been constructed on several streets in Nha Trang in recent years, forming what experts say is a towering ‘wall of high-rises’ that could hurt the city’s ecosystem.The controversial zoning, approved by Thang in October 2014, is intended for the eastern parts of Tran Phu and Pham Van Dong Streets, where several resort facilities will be built on certain…... [read more]
The city is the capital of Khanh Hoa Province, located on the south-central coast.The Vietnam News Agency cited a recent survey by the Vietnam business of Savills, which is a global real estate services provider, as indicating that six four- and five-star hotels will be inaugurated in the city by the end of 2015.The new hotels will provide 3,200 deluxe rooms to meet the demand of domestic and international tourists.The resort city saw the inauguration of four new deluxe hotels last year.It now boasts over 4,000 rooms in 20 four- and five-star hotels, which means a 24 percent rise compared…... [read more]
The Emperor Cruises limited company has launched its five-star cruise ship with numerous luxury services for tourists exploring Nha Trang Bay in the central province of Khanh Hoa. The design and services of the eight-room ship was inspired by King Bao Dai, the last King of Vietnam's Nguyen dynasty, who often chose Nha Trang to relax and fish on a fully equipped dragon boat. In addition to luxury conveniences like the king’s boat, visitors can enjoy the unique and delicious local food and visit various beautiful sights and islands in Nha Trang Bay, as well as join sea activities including…... [read more]
