Regarding the legal issues of The Arena project, as well as the general assessment of the real estate market and the potential for business exploitation at the project, Mr. Tran Duc Hien - representative of An Binh Invest, the developer Project business The Arena has shared about this issue.
As the representative of the business development unit of The Arena project, could you please tell me how the legal procedures of the project at the present time have been implemented and completed?
Mr. Tran Duc Hien: Currently, the legal system in real estate is increasingly tightened, in order to ensure a transparent and effective investment environment. Projects with full legality are prioritized by customers because of the "solid, durable" mentality. Understanding the importance of legality, at The Arena (Cam Ranh, Khanh Hoa), we have coordinated with the investor to speed up the completion of the project's legal procedures, ensuring transparency, and helping investors feel more secure when owning and exploiting the business.
Up to now, the project has had all important documents such as the decision to approve the investment policy, the approval of 1/500, and the construction permit. The project also received the results of the appraisal of the basic design issued by the Construction Management Department and the Notice of approval of the clearance altitude for construction work by the Department of War, ensuring compliance with the allowed regulations.
Now that The Arena has entered the stage of completion and preparation for the operation, what are the procedures related to the acceptance of the project to put it into operation, sir?
The Arena was also approved by the Ministry of Construction, the management agency that appraised and approved the design of fire prevention and fighting, improving safety and security for the resort. Most recently, we also received a notice from the Khanh Hoa Department of Tourism about the project also fully ensuring the conditions of facilities and services to serve tourists, ready to operate and welcome visitors. visitors come to experience the service in August.
What about procedures related to tax obligations, sir?
Regarding the land tax obligations, we are currently waiting for the decision of the management agency on the land use levy as well as the amount of tax to be paid. However, before that, the investor advanced the land rent to pay the management agency. When the management agency makes a decision to pay the land use fee, we are ready to fulfill the obligation. Strict compliance with tax obligations to the State is also a testament to the project's reputation, when choosing The Arena, customers will be assured of ownership as well as convenient exploitation of commercial activities.
According to the information he just shared, it can be seen that The Arena has fully prepared legally before introducing it to investors, what factors help the project have this solid equipment?
The new look of The Arena at the present time is not a small part of the "reconciliation" factor, especially the role of the new executive team involved in the development of The Arena. The new executive team is not only enthusiastic about the project but also has an understanding of the market and real estate. Even during the two years of the epidemic, when many projects on the market had to stop being implemented, the project management still made efforts to speed up the handover, complete the landscape and campus, and develop more facilities. to bring the project into commercial operation soon.
Can you share more details about the new look of the project at this time?
Currently, the items at The Arena such as the swimming pool facing the sea, lazy river, promenade square, beach promenade, reception hall, and sea square, especially the square located in the middle of the project specializing in organizing events, are located in the center of the project. international scale with a capacity of up to 15,000 people… all exist, ready to welcome tourists to experience.
Along with that, a series of exciting events at Bai Dai such as Music Summer Camp, The Opening Concert Night, and Coral Beach Club with a series of attractive events such as artistic kite flying, and Live Plus art party... were also organized. organized regularly, giving visitors moments of enjoyment of the resort life and endless entertainment.
Possessing a "collection" of comfortable 5.0 homeliday apartments, along with many ideal services, The Arena meets the needs of a "one destination, six vacations" resort, creating a colorful tourism picture in Vietnam. seaside city.
With the positive changes in the project, how do you evaluate the opportunity for investors when choosing The Arena at the present time?
The real estate market in Cam Ranh in particular and Khanh Hoa in general is entering the accelerating phase. Tourism is vibrant again, infrastructure is continuously upgraded and expanded, while the supply of finished products ready to go into operation in 2022 is scarce. Therefore, projects that have been handed over like The Arena will "welcome" the number of tourists to the coastal city, both literally and figuratively. They leave the airport, their first stop will be The Arena. And the project can also be put into operation immediately so that investors can earn positive profits, especially in the context that in just the first 6 months of the year, Khanh Hoa has welcomed more than 1 million tourists to the locality.
Thank you for this conversation!