Multi-billion dollar development company FLC Group reiterated its desire to collaborate with Relex Development and formally introduced three projects to be listed on the platform at launch.

In October 2017, the fund management firm Unicap and Savills Vietnam both independently valued total assets owned and managed by FLC Group at $9 billion, comprising the value of all projects, investments, and other assets.

FLC Group’s Director of Strategic Business, Mr. Mai Phuong Nam, expressed his personal interest in blockchain technology and the company’s excitement to become involved in the cutting edge of real estate development innovations.

“As a leading real estate developer, FLC always wants to be advanced in any new trend of real estate technology,” Phuong Nam said to the Relex team. He expressed a desire to cooperate with Relex for the “long-term.”

The information below provides a comprehensive take on the first of three offerings from the FLC portfolio.

Project 1: FLC Quang Binh Beach and Golf Resort

Development Phase: Under Construction, Phase 1

Total Marketcap: $420 Million USD

Development Area: 1,900 Hectares (approximately 7 and ⅓ square miles)

QUANG BINH PROVINCE INFORMATION:

⦁ A coastal province in the North Central Vietnam

⦁ Above 100 kilometers of coastline

⦁ Total area 8,065 square kilometers; population ~900,000

⦁ 1 domestic airport (to be upgraded to international airport by FLC Group in 2020): 14 flights/week from Hanoi, 21 flights/week from HCMC

⦁ 1 train station: 7 trains/day from Hanoi, 7 trains/day from HCMC

⦁ National Road 1A from Hanoi and HCMC

⦁ New North — South Expressway to be constructed in 2019

⦁ Tourism spots: Phong Nha Ke Bang National Park (World Heritage), Son Doong Cave (World’s Biggest Cave), Phong Nha Cave, En Cave, Nuoc Mooc Stream, Da Nhay Beach, Nhat Le Beach, Yen Island

The projects include the following: a condotel; two shophouse areas; villas; a harbor; a cruiseport; beach huts and a beach bar; a casino; tennis courts; restaurant-lined streets; theme park; film studio; and polo and dog racing area.

In addition to funding, FLC Group is willing to cooperate with international hotel & resort developers to co-develop the project. They also welcome any casino investors, yacht club operators/investors, amusement park developers, and outlet developers to invest and build these facilities.