Syrena Vietnam commits with $2 billion Halong project
Syrena Vietnam commits with $2 billion Halong project
Syrena Vietnam, a subsidiary of private multi-sector BIM Group, announced to continue investing in the $2 billion Ha Long Marina project in the northern province of Quang Ninh, further expanding its footprint in real estate business.
Ha Long Marina is built on the idea of the miniature city of Sydney, covering an area of 287 hectares and stretching over 3.8 kilometers of seashore.
According to the detailed plan, Ha Long Marina is divided into 3 main areas. The first one includes a mix of coastal luxury villas, traditional villages and park. The second one will comprise the centre consisting of commerce - office - hotel, international standard conference centre, theatres, banks, trading houses and streets. And finally, the third area will comprise park and condominium complexes from 18 to 24 floors.
In addition, investors also reserve a large portion of land for public facilities such as schools, hospitals, beaches for residents and tourists. In total, over 50 sub-projects will be developed in the peninsula.
Now, people can have a piece of a modern urban life which meets the needs of living, working and entertainment in Halong Marina, the new urban area.
Currently, Syrena Vietnam has completed the first phase of Halong Marina project which is attracting a lot of hotel owners to invest in such as Royal Lotus Hotel, Muong Thanh Ha Long Place, Mirthin and Hotel Union. In the second phase, the company announced it would also invest in other developments such as Halong Marine Plaza complex, Green Bay - the first luxury apartment building in Quang Ninh and Coral Bay townhouses.
Having a strong financial support from BIM Group, in 2010, Syrena Vietnam was established with the starting investment capital of more than VND2.5 trillion ($119 million) and was regarded as one of the largest real estate companies in Vietnam.
According to Syrena Vietnam, Quang Ninh has the advantage for developing such mega projects. Furthermore, Halong Bay was recognised by UNESCO as the World Heritage and is one of the new seven natural wonders of the world.
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