The Ho Tram Project Company Ltd (HTP) has announced the launch of KAHUNA Ho Tram Strip condotel and villa project.
Designed by leading Ho Chi Minh City architects, KAHUNA is named after the legendary waves of Hawaii, capturing the essence of a beachside holiday experience.
Mr. Michael Kelly, executive chairman of HTP, described the condotel and villa development as “featuring a design inspired by a luxury cruise liner with sleek nautical lines” and added that “in reinforcing the origins of its name and its coastal location, an aquatic concept has been incorporated throughout the resort design.”
KAHUNA Ho Tram Strip is a 244 key resort development made up of 164 condotel units situated in a 12-storey tower, 36 double key villas and 8 beach front villas all for long-term lease. Investment costs range from VND 2 billion (US$88,800) for a one-bedroom standard unit to VND 9.1 billion (US$400,000) for a penthouse and from VND 7.97 billion (US$350,000) to VND 20.5 million (US$900,000) for a villa.
In a press release, HTP said it guarantees a return of 8 percent per annum for 2 years of net lease cost for investors. Following this, lessees benefit from a favorable 60/40 net rental revenue share for the remaining 8 years of the rental pool agreement. In addition, lessees enjoy 21 room nights per annum in the resort.
KAHUNA is the fifth phase of the Ho Tram Strip development, adjoining the existing 541 room, five-star Grand Hotel, and the 559 room five-star Beach Club. To the west is the award-winning Greg Norman designed Bluffs Golf Course and the prestigious Gallery Villas residential development.
“We have made it our primary focus to ensure that the Ho Tram Strip is Vietnam’s entertainment capital. This is not just another resort development. It is a chance to be part of all the energy that has made the Ho Tram Strip what it is today,” Mr Kelly concluded.