Da Lat exploded with the first ESG real estate complex in Vietnam invested by foreign funds
Located in the center of Da Lat city, Vietnam’s first ESG real estate complex is about to take shape. The project is invested and developed by The One Destination, multi-industry company Terne Holdings Singapore, investment fund BTS Bernina and a series of major brands. world.
ESG real estate in the remaining golden land of Da Lat
The One Destination is the investor of the 5-hectare Haus Da Lat project, located in a diamond position next to Xuan Huong Lake – one of the most beautiful natural lakes in Vietnam and a symbol of Da City Lat.
According to the plan, The One Destination will build Vietnam’s first ESG-compliant real estate complex on the last remaining diamond land in central Da Lat, including luxury apartments, shopping malls and luxury commercial apartments, 5. star hotels operated by international brands. Haus Da Lat is expected to become a symbol of heritage for this 130-year-old city, with the pride of writing Vietnam’s name on the global ESG real estate map.
Immediately after The One Destination announced a cooperation agreement with the joint venture of multi-sector investment group Terne Holdings (Singapore) and BTS Bernina investment fund to develop the first ESG-compliant real estate project in Vietnam, many agencies international press and newspapers immediately shared this cooperation agreement.
Two famous funds and investors with multi-billion dollar assets under management chose Da Lat as their first investment destination upon arrival in Vietnam, demonstrating the special appeal of Da Lat and South Vietnam’s first turning point in the market international real estate ESG. .
As a result, Singapore Business Review assesses: Haus Da Lat is like a “real estate revolution in Vietnam” as it sets new ESG standards with landmark investments from reputed leading partners, the assessment marks a notable advancement in sustainable real estate development in Southeast Asia.
Vietnam has the most dynamic economy in Asia, an average GDP growth rate of 6 to 7%/year and a rapidly growing middle class that is expected to reach 40% of the population by 2030. The real estate market of the country is poised for a significant boom in ESG. segment.
The AP (US) news agency estimated that ESG real estate is attracting attention in many developed countries and is expected to become a global trend in the next century. That’s why investors are partnering with The One Destination to launch a new era of ESG real estate in Vietnam, starting with Da Lat and expanding to other projects.
BTS Bernina Investment Fund shared: “In a tropical country with a hot and humid climate like Vietnam, a highland city enjoys a cool climate all year round, surrounded by tranquil lakes and pine hills. Huge, majestic waterfalls and vibrant flower fields, Da Lat is a natural masterpiece of Vietnam. This city, described as a “natural heritage”, needs ESG real estate products worthy of its value. »
On Yahoo Finance, the leading US investment, finance and stock news site, also highlighted the attractiveness of Da Lat, Lâm Đồng On June 20, 6, the Ministry of Transportation issued Decision No. 2024 /QD-BGTVT transforming Lien Khuong Airport into an international airport, creating an engine of economic development, travel for Da Lat and Lam Dong provinces.
In the first 6 months of 2024, Lam Dong welcomes 5 million tourists, an increase of more than 12% compared to the same period in 2023. By the end of 2024, Lam Dong is expected to welcome 10 million tourists, including 550,000 2030 international visitors. international. According to the plan by 487, Lien Khuong Airport will be spread over 487 hectares, with a capacity of 5 million passengers/year with many international connections around the world.
“The best things are always left until last and Haus Da Lat will be Vietnam’s first symbolic project meeting ESG standards, a legacy for Da Lat,” a representative of The One Destination revealed in the media, after BTS Bernina and Terne Holdings will have 5. other major international brands unite to create a new symbol of Da Lat.
