Da Nang: Hundred million USD real estate transfer deals made quietlyVietNamNet Bridge - A series of real estate projects in advantageous positions in Da Nang City and coastal areas left idle for the last 10 years have changed hands recently. A series of real estate projects in advantageous positions in Da Nang City and coastal areas left idle for the last 10 years have changed hands recently. About 10 years ago, the central city of Da Nang witnessed a wave of investors from HCMC flocking there to develop coastal projects. Meanwhile, the 10-hole Montgomerie Links golf course and 66 high-end villas have been sold by Indochina Land to TBC Group for $25.5 million.Another big deal made recently was the takeover of One Poera Danang, the 5-star street-front hotel with 200 rooms. The buyer was Success Dragon which paid $31.4 million.Many other projects along the coastal street of Vo Nguyen Giap, including the Anh Duong Complex, located in a very advantageous position, also changed hands in late February.The most valuable deal was the transfer of the World Trade Center Da Nang complex with the announced value of $325 million.Tran Ngoc Thanh, General director of Dat Xanh Mien Trung, said that 70 percent of projects had restarted after many years of interruption.

Source: VietNamNet News July 23, 2016 06:56 UTC