>> Vietnam mulling over fixed-term ownership of apartments
People who seek luxury apartments will have more options to own expected accommodations in the central coastal city of Danang.
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| An overview of The Summit |
Meridian Property Co., Ltd in Vietnam, a Singaporean firm, introduced on March 12 in Hanoi a high-grade apartment project, The Summit, to potential clients.
The company plans to invest USD19 million in The Summit, which occupies 3,800 square metres on Ngo Quyen Road, Tra Son district of Danang, said the firm’s Director Nguyen Le Lan Huong.
She added that this is the first realty project invested in by Meridian Property in Vietnam.
The building will have 21 storeys with 356 luxury apartments with acreage of between 50 and 100 square metres each. Prices will hover between VND900 million and VND1.8 billion (USD43,134-USD86,268) each.
The Summit will be the only apartment building of its kind in central Vietnam, equipped with swimming pools and convenient services on the top of the building to provide users with the best view of nearby Son Tra peninsula, My Ke beach and charming Danang city.
The project is under construction with expected completion in December 2012. Eminent-NIBC Project Consultant provides consultancy services to the project while Northern Green Land Real Estate and Service Joint Stock Company is the official distributor.