The third phase of the Kahuna Ho Tram Strip project is scheduled to start development during the fourth quarter of 2017, the Ho Tram Project Company (HTP) has announced.
The Kahuna Ho Tram Strip is a 244-key development located adjacent to the northside of The Grand and will feature a combination of 164 one and two bedroom condominiums, in addition to eight penthouses located inside a 12 storey tower, as well as 44 premium beach villas, ranging in size from 218 to 223 sqm.
“We have made it our primary focus to ensure that Ho Tram is Vietnam’s entertainment capital, and in line with this, The Grand has unveiled countless new lifestyle amenities. We are viewing Kahuna as an extension of this,” said HTP’s executive chairman Michael Kelly.
Pricing for condominiums starts from $88,800, while villas begin at $350,000. HTP – a wholly owned subsidiary of Asian Coast Development – is the largest international investor in Vietnam’s growing tourism industry, and among the largest private-equity US investors currently operating in the country.
The company has thus far deployed and committed over $1.1bn of its planned $4bn investment in the Ho Tram Strip project.
HTP recently became the first company to submit an application to host Vietnamese nationals for a pilot gaming project.