Vietnam breaks ground on first ESG real estate project, Haus Da Lat

The event was attended by local authorities, representatives from The One Destination, multi-industry investor Terne Holdings Singapore, and six international partners. Additionally, four brand representatives and 60 associates participated in the ceremony.

Local authorities, representatives from The One Destination, multi-industry investor Terne Holdings Singapore, and six international partners attended the event. Additionally, four brand representatives and 60 associates participated in the ceremony.

Delegates perform the groundbreaking ceremony. Photo courtesy of Haus Da Lat

According to the developer's plan, the landscape park is expected to be completed and opened in the second quarter of 2025. The exhibition area, private club, stage, and fountain are scheduled for completion in the early third quarter of 2025.

A model house area will also be introduced in the third quarter of 2025, while Sky Villas and Sky Mansions are set for handover in the first quarter of 2027. The five-star InterContinental resort is expected to begin operations in 2027.

Tran Hong Thai, Deputy Secretary of Lam Dong Provincial Party Committee, Chairman of the Provincial People's Committee, speaks at the groundbreaking event. Photo courtesy of Haus Da Lat

Speaking at the event, Tran Hong Thai, Deputy Secretary of Lam Dong Province's Party Committee and Chairman of the Provincial People's Committee, highlighted the potential of Haus Da Lat to become a modern, international-class urban, cultural, and tourism hub. He emphasized the project's commitment to environmental sustainability, aligning with Da Lat's natural landscape and contributing to the city's tourism sector.

He also noted that in 2025, Lam Dong will focus on infrastructure development and investment promotion, aiming to create a competitive and favorable environment for strategic investors.

Philippe Alfred May, Chairman of the Board of Directors of The One Destination, speaks at the groundbreaking ceremony. Photo courtesy of Haus Da Lat

Located on a 5-hectare site in central Da Lat, Haus Da Lat overlooks Xuan Huong Lake and is designed as a "pine forest preservation" project. The development is positioned as a new cultural destination for the city.

As Vietnam's first ESG-oriented real estate complex, the project brings together internationally recognized designers and consultants. Its architectural landscape was designed by Kengo Kuma and Associates (KKAA), while Isometrix Lighting & Design contributes to its lighting aesthetics. 1508 London oversees residential space planning.

Luxury lifestyle experts are also involved in the project. Copper Beech, known for managing private clubs for billionaires, provides consultation on operations for the 68 Sky Villas, Sky Mansions, and Private Club. Mitchell & Eades, a high-end interior design brand, is designing the Haus Wellness Center, which will be operated by Chiva-Som, a wellness brand founded by former Thai Deputy Prime Minister Boonchu Rojanastien.

Haus Da Lat features the presence of many world real estate legends. Photo courtesy of Haus Da Lat

Experts describe Haus Da Lat as a "new living space wonder" that will attract both Vietnamese residents and international tourists. The project aims to contribute to Vietnam's positioning on the global tourism and ESG real estate map.

Andy Khoo, CEO of Haus Da Lat, stated that The One Destination is committed to developing iconic destinations in Vietnam, creating long-term cultural and economic value beyond the country's borders.

During the ceremony, Philippe Alfred May, Chairman of the Board of Directors of The One Destination, emphasized the integration of luxury, sustainability, and cultural identity in the project. He expressed confidence that Haus Da Lat will help position the city as one of the world's premier destinations for lifestyle, wellness, and ESG-driven development.