NINH CHU BAY - PHAN RANG - NINH THUAN PROVINCE - VIETNAM 105,000 sqm
The Location NINH CHU BAY / PHAN RANG Urban population over 250,000. Hundreds of banks and ATM s Mai Linh and Phan Rang Taxi Service High speed internet/cable TV Modern Hospital (5 minute drive from land) Co-Op Mart (10 minute drive from land) Ninh Chu Bay considered one of the best beaches in Vietnam. 7 Resorts along the bay with 2 more under construction. NINH THUAN PROVINCE Located in the middle of popular tourism destinations of Phan Thiet, Nha Trang, and Dalat. In 2013 Fastest growing tourist destination of all Vietnamese provinces (30.6% domestic, over 50% international). Preferential policies for investors, including tax holidays and very low land use fees. World famous Aman Resorts recently opened Amano i in Vinh Hy Bay, 20 km north of the land.
The Land 105,000 sqm. 800 meters of water-front Private
The Land 470 meters waterfront facing South 340 meters waterfront facing West City water and electricity have already been connected. Seawall has been completed 85,000 sqm of buildable land behind the seawall 20,000 sqm of beautiful sandy beach in front of the seawall Fence has been built along Highway 702. Small forest of poplar trees separate the land from Highway 702. Construction has begun on a 1,400 sqm open-air restaurant.
The Land N Northeast side borders Highway 702 Southwest side borders a sea lane. Private beach with very limited access. No adjacent land. Private beach and water usage rights. Opposite side of the bay from the other resorts. Beachfront faces south. Very calm, safe ocean in front. No erosion problems. Spectacular sunrise and sunset views. View of the mountains. Very clean water. No river runs into the bay.
Getting There FROM OUTSIDE THE REGION By Airplane The land is a one hour drive south (60km) of the Cam Ranh International Airport (nearly the same amount of time as driving to the north side of Nha Trang Bay). By Train Phan Rang/Thap Cham Station is a 15 minute drive from the land. The train station is about an eight hour trip from Saigon and all of the north/south trains stop at the station. The Phan Rang to Dalat Railway is scheduled to be upgraded and re-opened in the next few years, making Phan Rang the best access point on the coast to the Central Highlands region. By Car/Bus Phan Rang is on Highway 1A, the main north/south road. The land is about a 10 minute drive from the highway. Phan Rang is about a six hour drive from Saigon and a two hour drive from Nha Trang. FROM NEARBY A new 4-land highway (702) passes directly by the land. It is being upgraded and will link the northern Ninh Thuan Coast with the Cam Ranh Airport. The upgraded highway will reduce the drive time from the land to Vinh Hy Bay to under 20 minutes. A new bridge is nearly complete which shortens the distance from the other resorts in the bay to the land to less than 2 km.
Licenses and Legal Land Use Rights Certificate (Red Book) 50 year lease No lease rent for 11 years Estimated lease tax is $2,700/year after that. Lease rent can be pre-paid for about 6 billion VND. Investment Certificate Total investment capital VND 54 billion Developer s own capital VND 5.5 billion Can be increased. Site Clearance has been completed 1/500 Site plan approved. 20 Villas, 20 Over-the-Water Villas, 30 Bungalows, 2 Swimming Pools, 3 Restaurants, etc. Can be changed Construction license approved for first phase. Fire plan, Ecological Survey approved. Construction has begun on a 1,400 sqm Restaurant Brewery and Beach club located on the north corner of the land.
Local Tourism Market TOURISM Ninh Thuan Province Fastest Growing Province for Domestic Tourists in first 9 months of 2013 (30.6%) 1.1 million tourists in 2013. Most stay in Ninh Chu Bay and visit Vinh Hy Bay New, world-famous Aman Resort opened in 4 th quarter of 2013, bringing significant recognition to the province Ninh Chu Bay Anh Duong/Pegas Touristik is increasingly bringing Russians to Ninh Chu Bay. Over 10,000 room nights in January 2014. We have had several meetings with them and they need more hospitality and entertainment options for their customers. LOCAL ATTRACTIONS 20 km from Vinh Hy Bay. Hundreds of people visit Vinh Hy each day for boat tours. Phan Rang is the historical center of the Cham and Raglai ethnic groups. Po Klaung Garai is a 700 year old temple located in the city and is still in use. Ideal conditions for kite and wind surfing. More people are coming to the bay every month for this activity and kite surfing instructors in Mui Ne are bringing customers as well. Wine/Grape tours are increasing in popularity. One winery has 40 tourists per day stopping. The province is having its first International grape and wine festival in April 2014. A new temple/pagoda complex is nearly finished. Visitors can walk up paths to the top of the hill for spectacular views and visit the many pagodas, statues, and monastery. This is a 5 minute drive from the land.
The Weather Phan Rang has the best weather in Vietnam and perhaps all of Southeast Asia. Mediterranean climate. Nearly all grapes grown in Vietnam come from within 15 km of the land. Least amount of rain in Vietnam. Most sunny days in Vietnam. Mostly unaffected by typhoons. Cooler temperatures in the summers than all other coastal locations from Hue to the south. Strong consistent wind all year round - perfect for wind sports. Temperature Average (F) Average (C) Average Rainfall (mm) Month max min max min Daily Monthly January 81.0 70.5 27.2 21.4 1.0 30.9 February 82.2 71.1 27.9 21.7 0.8 21.7 March 84.7 73.4 29.3 23.0 1.0 31.9 April 88.0 76.3 31.1 24.6 1.0 30.8 May 90.1 77.7 32.3 25.4 2.1 66.2 June 90.7 78.3 32.6 25.7 1.4 41.8 July 90.5 78.1 32.5 25.6 0.8 24.5 August 90.7 77.9 32.6 25.5 1.0 30.8 September 89.2 76.8 31.8 24.9 5.1 153.6 October 85.6 75.4 29.8 24.1 8.0 248.8 November 83.1 73.9 28.4 23.3 9.8 294.3 December 81.0 72.0 27.2 22.2 5.7 177.8
Form of Investment 1. Sale of the land can be done via sale of 100% of the company. Lease is owned by My Kim Phat Jsc. A single-asset joint stock company registered in Vietnam. No liabilities. Three owners all in agreement to sell 49% Foreign-owned by MGT Management Ltd. (a BVI company) Payment can be made overseas (Hong Kong), Vietnam, or a combination. 2. Sale price is negotiable and significantly lower than a CBRE valuation done in 2011. 3. Sale may or may not include the 1,100 sqm restaurant/retail center being built. Up to the buyer. 4. Current owners are willing to spend a period of time working on the transition, if needed. 5. The company is very flexible in how the deal is done. 6. We are willing to partner with a developer for a build-and-sell project.
Restaurant Construction May 2014 Restaurant looking in from the front. Restaurant-looking from the road. Restaurant Looking from the back
Sunrise in front of the land The 550 meter bulkhead that has a walking path Calm waters in front of the land. The sea lane at the northwest corner.
Looking from the southwest border to the northeast. Looking from the east border to the west. Looking from the north border to the west. Looking from the southeast border to the north.
Looking along the north side of the seawall. Looking south from the seawall. Looking from the road to the seawall Looking across the center of the land.