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Diamond Island yacht berths offered at VND10 billion

By Dinh Dung - The Saigon Times Daily
Tuesday,  Jan 3,2012,21:05 (GMT+7)
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By Dinh Dung - The Saigon Times Daily

HCMC – Binh Thien An Real Estate Joint Stock Company, the investor of Diamond Island condo project in HCMC’s District 2, is offering homebuyers private yacht berths at a maximum of VND10 billion, or US$500,000, each.

The eight-hectare condo project, surrounded by the Saigon and Giong Ong To rivers, is now under construction with the total capital of US$500 million. The project has around 30 yacht berths besides some 1,000 high-class condos priced up to millions of U.S. dollars each.

A representative of the company said half of the berths will serve the Marina Club and the investor is offering 15 berths for private use. The highest price is US$500,000 for yachts from 25-27 meters long.

Nguyen Kim Son, business and marketing manager of the project, said 11 homebuyers have registered to buy the berths although many of them have yet to own a yacht.

Yacht berth construction at riverside projects has been mentioned recently as a way for property investors to better serve well-to-do customers and raise value of their projects.

SSG Group also has plans to build a yacht club and berth at Saigon Pearl complex in Binh Thanh District, which can accommodate around 130 canoes and yachts.

Other investors have also revealed their yacht berth projects but no berth has been put into operation so far.

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Giấy phép Báo điện tử số: 321/GP-BTTT, cấp ngày 26/10/2007
Editor-in-Chief: Tran Thi Ngoc Hue; Deputy Editor-in-Chief: Pham Huu Chuong.
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