Ho Tram, 14 December 2017: The Ho Tram Project Company (HTP) today has marked the official start of construction work on its much anticipated Kahuna Ho Tram Strip Condotel and Villa Development. The announcement follows the project’s launch earlier this autumn which has attracted substantial interest from domestic and international investors alike.
Designed by leading Ho Chi Minh architects Korn Architects and international engineers Aurecon, Kahuna captures the essence of a beachside holiday experience and offers a compelling opportunity to be part of a fast-developing coastal destination.
Kahuna is the fifth phase of the Ho Tram Strip development, comprising of 164 condotel units, 36 double key villas and 8 villas with beach frontage. It adjoins the existing 541 room 5-star The Grand Hotel, Vietnam’s largest and most awarded integrated resort. Located across the road is the award-winning Greg Norman-designed The Bluffs golf course and the prestigious Gallery Villas residential development. The Beach Club, currently under construction and topped out earlier this year, is a 559 room 5-star hotel and when completed in 2018, will increase the resort’s rooms to 1,100 and add various entertainment and leisure activities to The Ho Tram Strip.
Located just two hours away from Vietnam’s largest metropolis, Ho Chi Minh City, Kahuna is ideal for investors seeking a second home. Investors entering into the 10 year Rental Pool Agreement will receive 21 nights free occupation per annum, a guarantee of 8% return on net sale price for the first 2 years, and a lessee-favored 60/40 split of the net rental revenue for the remaining 8 years of the term.
“With the commencement of piling today, we aim to be fully operational in early 2019. As the operator of the nation’s largest integrated resort, The Grand, we are uniquely qualified to develop a site that allows investors a chance to share in the fun and excitement that has come to define the Ho Tram Strip” said Executive Chairman of HTP Michael Kelly.
Kahuna residences range from VND 2 billion (USD $88,800) for a one-bedroom standard unit to VND 9 billion (USD $400,000) for a penthouse and villas start from VND 7.9 billion (USD $350,000) to VND 20.5 billion (USD $900,000).
With over USD 1.1 billion deployed and forward deployed capital, the Ho Tram Strip represents the largest foreign invested tourism development undertaken in Vietnam and is the largest private equity investment into the country from the United States. HTP also has plans to develop a private international airport located 15km away from the Ho Tram Strip. The project will span across an additional 236 hectare site and further enhance tourism and economic growth in the region.
Investors interested in exploring the Kahuna opportunity should visit http://www.kahunahotram.com