Property developer puts luxury villas on market in Sa Pa

Truong Giang Sapa Joint Stock Co officially offered to the public the Sapa Villas & Mountain Club, a component of the 47.5-ha Mercure Sapa Resort & Spa complex in the mountainous town of Sa Pa, on Monday in Ha Noi.
The move was seen as a promising sign, proving that the tourism and real estate segment of the domestic real estate market still has untapped potential despite the difficult economic situation, the company said during the event.
The component, which comprises 15 villas and 181 standard houses, is slated for completion in the second quarter of 2014.