Thanh Do launches huge luxury home and resort project in Danang
03-05-2012
 The Empire luxury home and resort project is seen surrounded by two golf courses, Co Co River and Danang Beach (background) - Photo: Pham Vu |
Since the company got an investment certificate and broke ground for The Empire project nine months ago, the real estate market has shown no sign of improvement. However, the company is determined to press on with the 51.5-hectare project on the seaside road of Truong Sa that is lined with luxury resorts and connects Danang and Hoi An old town as a World Heritage site.
The firm said The Empire, which would need a total investment of VND14 trillion, is surrounded by Danang Beach, Co Co River, and two international standard golf courses – Montgomerie Links and Danang Golf Club, so this is a high added-value property development project.
The designer of the project is U.S. firm WATG and its architect is Accademia Italy. The highlights of The Empire are a pedestrian-only Avenue of Light characterized by the Venetian architectural style and a five-star hotel, which are also the convergence point for townhouses, apartments and villas.
Prices of houses at The Empire include all taxes and fees except for the home registration fee. The current lowest price is that of a semi-detached villa, at over VND3 billion. A townhouse costs more than VND5 billion and a detached villa is priced at around VND7 billion.
The project is divided into two sections with one in the east of Truong Sa Street and the other in the west of the road.
Nguyen Duc Thanh, chairman and CEO of Thanh Do, said at the launching ceremony of The Empire in Danang on Sunday that the infrastructure for the part that is west of Truong Sa road had been completed and that the eastern part would be developed later.
Van Huu Chien, chairman of Danang City, told the event that The Empire was located near the end of Truong Sa road and bordered Hoi An of neighboring Quang Nam Province and that the project would make Truong Sa Street fully occupied by luxury resorts.
