Laguna Vietnam to take off next year

PHASE One of the Laguna Lăng Cô integrated resort development in Vietnam is set to roll out over the next 12 months.

Angsana Properties Lăng Cô, a 197-unit condominium-style resort, will open in mid-2012. An 18-hole championship golf course designed by Nick Faldo is slated to open in the second quarter of next year. Banyan Tree Lăng Cô, a cluster of 129 luxury villas, will launch sales in early 2012.

Developed and managed by the Banyan Tree Group, Laguna Lăng Cô will offer more than 2,000 keys under the management of eight international branded hotel and resort operators, as well as various spa, convention and recreational facilities.

Residence owners at Angsana Properties Lăng Cô, which was launched for sales in September, are entitled to Angsana Properties Owners Club membership, meaning that they will be able to avail of complimentary stays at other Banyan Tree and Angsana resorts worldwide.

“This is the formula that has proved so successful at our flagship development, Laguna Phuket,” said Michael Ayling, managing director of Laguna Resorts & Hotels.

Residence owners are also guaranteed a six-per cent fixed return on investment for six years, and 60 days of complementary use each year. When owners are offsite, Ayling explained, purchased properties are included in the hotel inventory, where Angsana management looks after the investment.

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