Da Lat explodes with the first ESG real estate complex in Vietnam invested by a foreign fund
Located in the heart of Da Lat city, the first ESG real estate complex in Vietnam is about to take shape. The project is invested and developed by The One Destination, multi-industry group Terne Holdings Singapore, BTS Bernina investment fund and a series of world-leading brands.
ESG Real Estate on the remaining golden land of Da Lat
The One Destination is the investor of the Haus Da Lat project with a scale of 5 hectares, located in a diamond position next to Xuan Huong Lake - one of the most beautiful natural lakes in Vietnam and a symbol of Da Lat city.
According to the plan, The One Destination will build the first ESG-standard real estate complex in Vietnam right on the last remaining diamond land in the center of Da Lat, including luxury apartments, a commercial center, and a 5-star hotel operated by an international brand. Haus Da Lat is expected to become a legacy symbol for this 130-year-old city, with the pride of writing Vietnam's name on the world ESG real estate map.
 |
| Haus Da Lat – Project on the last diamond land fund next to Xuan Huong Lake, Da Lat |
Immediately after The One Destination announced a cooperation agreement with the joint venture of multi-industry investment group Terne Holdings (Singapore) and BTS Bernina investment fund in developing the first ESG-standard real estate project in Vietnam, many international news agencies and newspapers immediately shared about this cooperation agreement.
Two prestigious funds and investors with total assets under management of billions of USD chose Da Lat as their first investment destination when coming to Vietnam, demonstrating the special attraction of Da Lat and Vietnam's first turning point in the international ESG real estate market.
 |
| The first ESG Real Estate Complex in Vietnam appeared on Singapore Bussiness Review l |
Accordingly, Singapore Business Review newspaper assessed: Haus Da Lat as "Real estate revolution in Vietnam" when setting new ESG standards with a landmark investment from leading prestigious partners, marking a remarkable step forward in the process of sustainable real estate development in Southeast Asia.
With Vietnam having one of Asia's most dynamic economies, an average GDP growth rate of 6-7%/year and a rapidly growing middle class expected to reach 40% of the population by 2030, the country's real estate market is poised for a significant boom in the ESG segment.
 |
| AP (USA) reported on The One Destination's Haus Dalat project. |
The AP news agency (USA) assessed that ESG real estate is attracting attention in many developed countries and is expected to become a global trend in the next century. This is why investors are cooperating 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 with a cool climate all year round, surrounded by tranquil lakes, endless pine hills, majestic waterfalls and brilliant flower fields, Da Lat is a natural masterpiece of Vietnam. This city, known as a “natural heritage”, needs ESG real estate products worthy of its value”.
On Yahoo Finance, the leading US news site on investment, finance, and securities, the attraction of Da Lat and Lam Dong was also emphasized when on June 20, 2024, the Ministry of Transport issued Decision No. 758/QD-BGTVT to upgrade Lien Khuong airport into an international airport, creating momentum for economic and tourism development for Da Lat and Lam Dong province.
In the first 6 months of 2024, Lam Dong welcomed 5 million tourists, an increase of more than 12% over the same period in 2023. By the end of 2024, Lam Dong is expected to welcome 10 million visitors, including 550,000 international visitors. According to the plan by 2030, Lien Khuong airport will expand to 487 hectares, with a capacity of 5 million passengers/year with many international routes around the world.
“The best things are always left for last and Haus Da Lat will be the first ESG-standard iconic project in Vietnam, a legacy for Da Lat”, The One Destination representative revealed to the media, after BTS Bernina and Terne Holdings, there will be 5 other leading international brands joining hands to create a new symbol of Da Lat.
Comment (0)