Novaland launches two new projects
Property developer Novaland Group on Thursday launched two new tourism property projects called NovaWorld Phan Thiet and NovaWorld Binh Chau.
The two complexes, located in Binh Thuan and Ba Ria-Vung Tau provinces, respectively, will include property, tourism and entertainment.
The company said the development of the two projects is part of its strategy to put a foothold in the local tourism property market.
To carry out the strategy, Novaland said it would develop products under the brand name of NovaWord which refers to tourism property projects extending from 100ha with houses, second-home villas, hotels, resorts, theme parks, a safari and golf courses.
NovaWorld Phan Thiet and NovaWorld Binh Chau are the first two.
NovaWorld Phan Thiet is located in Phan Thiet City in the south central province of Binh Thuan.
Covering an area of over 1,000ha, the project will have houses, second-home villas and shophouses, all with views to the sea. In addition, it will contain an entertainment area with theme parks, a petting zoo, golf course and beach club.
Meanwhile, NovaWorld Binh Chau will be built on area of over 100ha in Binh Chau in Ba Ria-Vung Tau Province. Built with a tropical style, the project will have many theme parks including adventure land, salt-water swimming pool, diving pool and a place for adventure games.
Novaland said that to develop NovaWorld, the company has co-operated with many experienced domestic and foreign partners to bring the best services to customers.
Novaland signed strategic agreements with Hoa Sen University and Hai Au Trading Investment Corporation the same day. Under the agreement, Hoa Sen will have close co-operation with Novaland in training and providing human resources.
On its side, Hai Au Corporation will co-operate with Novaland to develop helicopter services.
Novaland is a giant property developer in the country. It has developed over 40 housing projects in HCM City, bringing 26,000 products to the market.
The company has invested in tourism property projects in recent years. This year, the company launched three brand names for their tourism property projects, NovaHills, NovaBeach and NovaWorld.
The company plans to bring about 2,400 hospitality products to the market this year, along with about 4,500 housing products in HCM City and neighbouring provinces.
Novaland targets expanding its investment to the hospitality sector in the tourism sites of Phu Quoc, Binh Thuan, Khanh Hoa and Ba Ria-Vung Tau.