Indochina Hoi An Beach Villas Company Limited, a subsidiary of Bamboo Capital Group, broke ground on Monday for its Malibu MGM Hoi An condotel and villa project.

A view of Ha My Beach in Dien Ban Town, Quang Nam Province

Located on the Ha My Beach in the so-called 'five star boulevard' from My Khe to Cua Dai, Malibu MGM Hoi An will cost nearly 2 trillion VND (85.97 million USD), and spread over nearly 11ha with 94 villas and 600 condotel units.

It will be environmentally friendly with solar energy use, energy-saving designs, maximum use of natural light, and green space for each villa and condotel.

Indochina Hoi An Beach Villas Company Limited last month signed agreements with domestic and international companies for the project.

They include the US’s BAKH Architecture (master layout design), Signature Architect Viet Nam (interior and landscape design), Tracodi (engineering procurement and construction contractor) and Nam A Bank and Vietcombank (financing for the project and buyers).

The handover is scheduled in the third quarter of 2020.

At the groundbreaking ceremony, Bamboo Capital donated 150 million VND (6,448 USD) to the authorities of Dien Ban town’s Dien Duong Ward to build three charity houses.

(Source: VNS/ DA NANG Today)