Da Nang to host real estate expo

Hanoi (VNA) - The central city of Da Nang is expecting to host an exhibition on
real estate in July.

Le Canh Duong, deputy director of the Da Nang Investment Promotion Centre, said
the centre has completed plans to hold the Da Nang Real Estate Exhibition 2009 on
July 16-18.

The three-day exhibition would help warm up the city's real estate market during
the current period of economic difficulty, Duong said, introducing investors to
real estate projects in the city and giving them an opportunity to know more about
the investment environment and challenges, including development policy,
procedures for selling or leasing property, and market values.

The centre expected the exhibition would help the investors develop strategies for
property projects in the city, as well as seek partners and new investment
opportunities, Duong said.

The exhibition was likely to attract the participation of 15-25 firms to market
their services and issue calls for investment for real estate development
projects.

Da Nang currently has about 30 major real estate projects seeking investment,
including new urban areas, office buildings, residential complexes, golf
courses, and tourism properties.

The city has already attracted 1.8 billion USD in investment in 46 projects in the
tourism industry over the past two years, according to the Da Nang culture,
sports and tourism department.-Enditem