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New $80 million project for Ho Tram

Released at: 10:43, 12/11/2015

New $80 million project for Ho Tram

Tanzanite International to develop project along beachfront in Ba Ria Vung Tau.

by Hoang Thu

Tanzanite International has recently revealed plans to develop a hospitality real estate project in Ho Tram, Xuyen Moc district in Ba Ria Vung Tau province.

The Hamptons Ho Tram will comprises 300 condotel apartments and 24 beach villas with investment of $80 million in the first phase, according to Mr. Ho Vinh Tuan, General Director of Tanzanite International. Construction is expected to begin in the second quarter of 2016.

“Tanzanite also plans to develop two more projects in Ho Tram over the next ten years with investment of $400-500 million,” Mr. Tuan told VET.

Tanzanite International owns a land plot of 37 ha in Ho Tram with a 1.7 km beachfront to develop three projects.

This site is in a strategic location, just 90 minutes away from Ho Chi Minh City by car, said Mr. Nguyen Nam Son, Chairman of Tanzanite International. Ho Tram is accessed via the new Long Thanh - Dau Giay Highway, which opened in 2014. It also boast a beautiful landscape, with the beach, a river, and mountains and is unaffected by natural disasters, unlike other coastal locations in the country.

Tanzanite International is a real estate developer established and managed by real estate and finance experts from the US, Hong Kong, and Singapore. Headquartered in Singapore, it has recently come to Vietnam with a long-term commitment to developing seaside hospitality and resort real estate in the country.

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