VinaCapital Group signed cooperation agreement with Southern Cross Development Co on March 17, 2010 about constructing Norman Estates Villas in Vietnam with investment capital of $40 million.
Norman Estates project would include 40 high-class villas in Da Nang Beach Resort Complex to be built in two phases.
VinaLiving, the member company of VinaCapital Group would introduce the model villas and offer to public in Q4 of 2010 with expected price of $120,000.
The Da Nang Beach Resort project has total investment capital of over $500 million to be sited on an area of 260 hectares.
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