New French-inspired residences in Vietnam
September 03, 2013 - Vietnam
A fledgling neighbourhood of seven luxurious single-family homes on a pine-clad slope, La Vallee de Dalat overlooks miles of still-bucolic Vietnamese countryside.
The development's general director, Le Tam, recently moved into the first villa with her husband, Barry Israel, an American lawyer and investor who helped finance the project.
The 6,500-square-foot residence features contemporary stone and wood flourishes, spacious terraces and a floor plan that encourages movement toward vantage points that draw in the views of the one-time hill station.
"The architecture firm we used (Asiatique Design) said this is what drew them to the project - the views, the land," said Le Tam, a Dalat native. "For the majority of people we show the property to, the first word out of their mouth is ‘wow.' The site is that spectacular."
La Vallee de Dalat is also the only private, gated residential compound in Dalat, which emerged in the 1930s as a leading candidate for the capital of Indochina.
The development is located next to historic Bai Dai Palace II, one of several grand palaces in Dalat erected for the last emperor of Vietnam.
Bao Dai was famous for tapping great locations for his private retreats, whether the mountainous Dalat or beachside Nha Trang.
To this day, the ridge line that Bao Dai Palace II and La Vallee de Dalat occupy is still referred to as the ‘King's Land' by locals.
"It's good to be the king," said Israel, former owner of the Dalat Palace Luxury Hotel and the Dalat Palace Golf Club, two of the destination's most iconic landmarks. "But if you can't be the king, you can still live like one. That's the level of luxury we're offering at La Vallee de Dalat."
Le Tam expects demand from both domestic buyers and foreigners from the likes of Singapore and Hong Kong who want to travel no more than a couple of hours for a second home in a temperate climate.
"Our agreement with a foreign buyer will include the provision that if at any time during the 50-year lease period the government permits actual ownership, the buyer will be entitled to take whatever form of ownership is allowed without paying anything additional to us" Le Tam said. "
Potential buyers can choose from two floor plans, each with four bedrooms, terraces on every level and access to common areas for entertaining. The villas for sale range in size from 464 sqm (4,995 sq ft) to 600 sqm (6,458 sq ft) and start at US$1.2 million.
For more information about La Vallee de Dalat, visit the website.
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