US$550 mln tourism, residential project restarts
Dubai property developer Limitless will this year restart its Halong Star mixed-use residential and tourism project in the northern province of Quang Ninh, which was delayed for several years due to the company’s financial difficulties.
According to a memorandum of understanding on the project’s implementation signed recently by representatives of Quang Ninh province and Limitless, the US$550 million project will cover 125 hectares of land.
The project will feature a 250-room five-star hotel, a 100-room luxury boutique hotel, 226 top-end villas, 85 luxury townhouses, 114 apartments, and a trade centre.
In May, Limitless signed a new joint venture agreement for the construction of Halong Star with Hanoi-based Sovico Holding.