Indochina Land Officially Launches The Hyatt Regency Danang Residences in Hong Kong

(Hong Kong, June 9, 2009) – Following a successful soft launch in Danang at the beginning of May, Indochina Land officially launched the Hyatt Regency Danang Residences with an exclusive sales event on June 2 at the Grand Hyatt Hong Kong.

The Hyatt Regency Danang Residences are part of the Hyatt Regency Danang Resort and Spa which is situated on a prime 20 hectare stretch of China Beach – voted by Forbes Magazine as one of the top ten beaches in the world – directly in front of the iconic Marble Mountains. The resort is located on the main coastal road midway between Hoi An and Danang, and a 15 minute drive from the Danang International Airport, serviced by direct local and international flights.

Danang is the 4th largest city in Vietnam, with a population nearing one million, benefiting from rapid urbanization, compelling demographics and dynamic economic growth. With its natural beauty and close proximity to three UNESCO world heritage sites, Danang has emerged as one of Vietnam’s most significant cultural and recreational tourism destinations.

The Hyatt Regency Danang Residences include 174 luxury condominiums ranging from 75 square meter one-bedroom units to jaw-dropping penthouses with amazing sea views. Potential buyers also have the opportunity to purchase one of the 27 oceanfront pool villas which offer contemporary design over two spacious levels.

Owners of the Hyatt Regency Danang Residences will enjoy access to the resort’s extensive array of food and beverage outlets, a world-class spa, conference and function spaces. In addition, the resort will boast a wide variety of recreational amenities such as tennis courts, fitness and children’s centers, swimming pools and preferred access to Indochina Land’s nearby Colin Montgomerie Signature Links Golf Course.

Unlike many properties of this type, Vietnamese buyers will also benefit from freehold tenure. Foreigner buyers – as is the case at Indochina land’s ultra high-end resort, The Nam Hai – will be able to purchase offshore ownership rights, giving them real access to the exciting Vietnamese property market. As an added incentive, residences owners will also be able to take part in the Hyatt managed rental program.

The sales office and show unit for the Hyatt Regency Danang Residences opened successfully during the 30 April holiday weekend. Visitors to the sales office can tour the beautifully designed show unit – a replica of one of the project’s stunning 2 bedroom condominium units – and experience first hand the project’s innovative design and quality of materials and construction.

Sales continue to exceed expectations as buyers are quickly recognizing this extraordinary opportunity to invest in branded luxury beachfront residences. Condominium and villa purchasers have been both Vietnamese and Foreigners, demonstrating strong and diverse demand for the luxury resort/residential market among investors, especially in the Danang-Quang Nam area, which is well on its way to joining ranks with Phuket and Bali as the next great Southeast Asian beach destination.

Indochina Land offered a special release of the project’s premium beachfront condominiums at the Hong Kong launch. Hong Kong investors had an exclusive opportunity to take advantage of the release of Condominium Block “C”, which is comprised of 28 stunning residences less than 10 meters from the shoreline. The residences are designed to offer an unmatched waterfront lifestyle, with units ranging from 95 – 240 square meters.

For further information, please contact Mr. Michael Piro.

Phone: +84 936 167 911
Email: michael.piro@indochinacapital.com
Further information can be viewed at www.marblemountainresidences.com

Hyatt Regency Danang Residences Sales Office and Show Unit:
Son Tra Dien Ngoc, Ngu Hanh Son Dist., Danang City

About Indochina Land
Indochina Land is a division of Indochina Capital Corporation, a diversified financial services firm with over 350 professionals located in Ho Chi Minh City, Danang & Hanoi with representative offices in Singapore and Hong Kong. Our principals have been living and working in Vietnam since 1992, and their 17-year track record developing and financing real estate projects in the country covers the full gamut of property types – residential, retail, commercial, hotels & resorts, and industrial properties – focused on high-quality and sustainable developments in partnership with world class designers and construction companies.

Indochina Land manages three real estate funds with more than US$450 million under management enabling us to develop over US$ 1.5 billion of new projects. We have been responsible for the development of the best commercial properties in Hanoi (63 Ly Thai To), Ho Chi Minh City (Saigon Center) and Danang (Indochina Riverside Towers), as well as Vietnam’s premier luxury resort (The Nam Hai), which was voted “World’s Best Designed Resort” by Travel & Leisure Magazine in 2008.