NINH CHU BAY - PHAN RANG - NINH THUAN PROVINCE - VIETNAM 105,000 sqm The Location
NINH CHU BAY / PHAN RANG NINH THUAN PROVINCE
Urban population over 250,000. Located in the middle of popular tourism Hundreds of banks and ATM’s destinations of Phan Thiet, Nha Trang, and Dalat. Mai Linh and Phan Rang Taxi Service In 2013 – Fastest growing tourist destination of High speed internet/cable TV all Vietnamese provinces (30.6% domestic, over 50% international). Modern Hospital (5 minute drive from land) Co-Op Mart (10 minute drive from land) Preferential policies for investors, including tax holidays and very low land use fees. Ninh Chu Bay considered one of the best beaches in Vietnam. World famous Aman Resorts recently opened 7 Resorts along the bay with 2 more under Amano’i in Vinh Hy Bay, 20 km north of the land. construction.
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 FROM NEARBY upgraded and re-opened in the next few years, making A new 4-land highway (702) passes directly by the Phan Rang the best access point on the coast to the land. It is being upgraded and will link the Central Highlands region. northern Ninh Thuan Coast with the Cam Ranh By Car/Bus Airport. Phan Rang is on Highway 1A, the main north/south The upgraded highway will reduce the drive time road. The land is about a 10 minute drive from the from the land to Vinh Hy Bay to under 20 minutes. highway. A new bridge is nearly complete which shortens the Phan Rang is about a six hour drive from Saigon and a distance from the other resorts in the bay to the two hour drive from Nha Trang. 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%) LOCAL ATTRACTIONS 1.1 million tourists in 2013. Most stay in 20 km from Vinh Hy Bay. Hundreds of people Ninh Chu Bay and visit Vinh Hy Bay visit Vinh Hy each day for boat tours. New, world-famous Aman Resort opened in Phan Rang is the historical center of the Cham 4th quarter of 2013, bringing significant and Raglai ethnic groups. Po Klaung Garai is a recognition to the province 700 year old temple located in the city and is still in use. Ninh Chu Bay Ideal conditions for kite and wind surfing. Anh Duong/Pegas Touristik is increasingly More people are coming to the bay every bringing Russians to Ninh Chu Bay. Over month for this activity and kite surfing 10,000 room nights in January 2014. We instructors in Mui Ne are bringing customers have had several meetings with them and as well. they need more hospitality and Wine/Grape tours are increasing in popularity. entertainment options for their customers. 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 Temperature weather in Vietnam and Average (F) Average (C) Average Rainfall (mm) perhaps all of Southeast Asia.
Mediterranean climate. Month max min max min Daily Monthly Nearly all grapes grown in January 81.0 70.5 27.2 21.4 1.0 30.9
Vietnam come from within February 82.2 71.1 27.9 21.7 0.8 21.7 15 km of the land. March 84.7 73.4 29.3 23.0 1.0 31.9 Least amount of rain in Vietnam. April 88.0 76.3 31.1 24.6 1.0 30.8 Most sunny days in May 90.1 77.7 32.3 25.4 2.1 66.2 Vietnam. June 90.7 78.3 32.6 25.7 1.4 41.8 Mostly unaffected by typhoons. July 90.5 78.1 32.5 25.6 0.8 24.5 Cooler temperatures in the August 90.7 77.9 32.6 25.5 1.0 30.8 summers than all other 89.2 76.8 31.8 24.9 5.1 153.6 coastal locations from Hue September to the south. October 85.6 75.4 29.8 24.1 8.0 248.8
Strong consistent wind all November 83.1 73.9 28.4 23.3 9.8 294.3 year round - perfect for wind sports. 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.