The project, with investment capital of approximately 3.5 trillion VND (205.8 million USD) will cover 19.7 ha of land in a valley next to Xuan Huong lake in central Da Lat.
The complex will contain a park, three, four and five-star hotels, an office building, apartments, villas and other facilities.
The investor, the Da Lat Real Estate Joint Stock Company, said the project is expected to help improve urban planning standards in the city, as well as ease the demand for luxury apartments and villas.
The first phase of the project is scheduled to be completed by 2011 with the opening of the park and villas, and the second phase, by 2015 with the hotels and office building becoming operational.
Source: VNA
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