CONSTRUCTION COMMENCEMENT CEREMONY OF THE OCEAN ESTATES DANANG – the last residential beachfront parcel within The Ocean Resort

Danang City, 14th December 2016 – VinaCapital Danang Resort Ltd and Tuan Le Construction Company Limited recently held the construction commencement ceremony of The Ocean Estates, Danang. General Director of VinaCapital Danang Mr Le Minh Phuc, senior management from VinaCapital Group, Managing Director of Tuan Le Company Mr Le Anh Tuan today joined investment and development partners to celebrate this special event.

Construction Commencement Ceremony

The Ocean Estates is a private community within a community, including 33 beach villas from 3 to 5 bedrooms on a plot sizes ranging from 929 sqm to 1,303 sqm. Each plot has its Land Use Right Certificate. Each villa features floor-to-ceiling glass terrace doors, outdoor salas and swimming pools, with terraces and balconies throughout. GFA ranges from 570 to 740 sqm, with prices starting from VND 16.9 billion. This enclave will also have an own exclusive recreation club and swimming pool for use by buyers and their guests. All owners of homes within The Ocean Estates will have full access to the five-star facilities within The Ocean Resort itself, and is connected to all zones through buggy paths and internal roads throughout.

We have left the best to last - The Ocean Estates is the last residential project that will be developed within the beachfront parcel of The Ocean Resort, the largest resort complex in central region which was named “Best Golf Development” on numerous occasions at the Asia Pacific Property Awards 2011 - 2016. This integrated resort comprises of various high-end properties residential precincts including beach condos and villas together with numerous facilities including a Greg Norman designed golf course, a separate beach club with numerous swimming pools, several F&B options together with a range of additional recreational amenities for buyers and their guests.  

The Ocean Estates representative speaks proudly about the project

Mr Matthew Koziora, Director of Transaction VinaCapital said: “We pioneered the second home market in Danang City back in 2009 and appreciate the higher standards now expected from our clients in today’s marketplace. We understand and appreciate the global trend of luxury and that the market is seeking a true luxury lifestyle by those looking for a true beach home experience. These are internationally designed homes that will provide a very high level of living standards for our clients”.

Contracted by VinaCapital, Tuan Le Construction Company Limited is currently mobilizing on site to ensure delivery and handover by Q4 2017. Managing Director Mr Le Anh Tuan said: “We are proud for this opportunity to work with VinaCapital and we are determined to implement the project successfully while ensuring our continued commitment to quality, time and safety.”  

Tuan Le express what a pleasure it is to be a part of The Ocean Estates development

About VinaCapital Group

Founded in 2003, VinaCapital is a leading investment and asset management firm headquartered in Vietnam, with a diversified portfolio of USD1.4 billion in assets under management. VinaCapital's expertise spans a full range of asset classes including capital markets, private equity, venture capital, real estate and fixed income. 

 The firm has three closed-ended funds that trade on the London Stock Exchange: VinaCapital Vietnam Opportunity Fund Limited, which trades on the Main Market, as well as VinaLand Limited and Vietnam Infrastructure Limited, which trade on the AIM. Further, VinaCapital manages the Forum One - VCG Partners Vietnam Fund, Vietnam's largest open-ended UCITS-compliant fund. 

Additionally, VinaCapital co-manages the DFJ VinaCapital L.P. technology venture capital fund with Draper Fisher Jurvetson and holds a stake in VinaWealth, a locally incorporated fund management company. 

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About Tuan Le Construction Company Limited.

TUAN LE, since our establishment in 2009, we have grown rapidly and approximately 50 million USD in 2016. As a General Contractor, we are operating in all segments of the construction market. We provide clients with a full range of services, including design and build. Perform in “fast track” project is one of our advantages.

TUAN LE, only implement FDI projects, considers us as an integral part in the development process of the Owners’ project. TUAN LE has scientific management organization system, efficiency, transparency and many experiences in construction. And our team with more than 200 management staffs, experts, engineers and abroad experienced, TUAN LE has done very successfully for large-scale projects like Nestle Bong Sen; Nine South Estate; Dai Phuoc Lotus, Pepsi Can Tho Factory, CocaCola Da Nang Project, Heineken Quang Nam Factory, Bel Factory......

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For more information, please contact:

  1. Matthew Koziora

Director of Transaction, VinaCapital Real Estate


Mobile: 0933 887 796

     2. Truong Thi Minh Hanh

Associate Director Sales & Marketing, VinaCapital Real Estate


Mobile: 0914 104 000