The Montgomerie Links Vietnam sells its entire base membership

QUANG NAM, Vietnam -- Though several golf holes are yet to be grassed, and construction of the clubhouse only began last month, The Montgomerie Links Vietnam took just one day to reel in its entire charter membership base and clearly establish itself as the most anticipated new golf club in Southeast Asia.

In less than 24 hours, the $64 million development taking shape on Vietnam’s China Beach sold all 25 of its most exclusive membership packages at $16,500 each. The achievement allowed the club to launch into regular membership sales overnight—a phase that has already netted five more buyers, despite a price point that’s $6,500 higher.

“Demand was through the roof yesterday because the opportunity appeals to families, passionate golfers /and/ investors,” said Jon Tomlinson, the club’s general manager. “If you love great golf courses, then it’s a chance to belong to and test your skills on what will quickly become the No. 1 golf club in Vietnam and one of the very best in the world. If you are looking to broaden your investment portfolio, then it’s a chance to get in on something that is sure to appreciate at an attractive rate, because there will only be a limited number of memberships offered.”

The Montgomerie Links is offering the best package during its pre-opening stage. Those who join now will not be required to pay annual fees until the course is completely finished. Nine holes are scheduled to be playable by July, with all 18 open by January 2009.

Located just off breathtaking China Beach and minutes from Danang’s international airport, The Montgomerie Links moves boldly over a striking landscape of wispy casuarina pines and sand dunes. The 7,200-yard championship layout is positioned to one day hold some of Asia’s biggest tournaments.

Eight-time European Tour Order of Merit winner Colin Montgomerie—better known as Monty to his worldwide fan base—has massaged massive greens and rippled fairways into the stunning backdrop, setting up an experience he believes will rank among the world’s finest.

Course developer Indochina Capital has committed more than $64 million to the project, breaking new leisure ground in the most promising resort region yet developed in Vietnam.

A little over one year ago, another Indochina property, a posh super-resort and spa dubbed The Nam Hai, opened to worldwide acclaim on a site just five kilometers south of The Montgomerie Links. The most prestigious hotel groups in the world, including Hyatt, Raffles, Four Seasons, Banyan Tree, Sofitel, Novotel and Kor are now developing resorts in the area.

What’s more, Greg Norman, another legendary golfer, is designing a course nearby. Tomlinson predicts its proximity and quality will only heighten interest in the area.

“Between what Monty’s creating here and what Norman is doing next door, Danang has the potential to be one of the hottest golf destinations in the world very soon,” said Tomlinson. “When that happens, I expect membership demand to increase at The Montgomerie Links even more.”

In addition to the course, the 70-plus-hectare development will include a dramatic 3,000-square-meter clubhouse, designed by Hong Kong-based Gravity Partnership Limited, and 54 contemporary designed villas for sale on 38,000 square meters called The Estates at Montgomerie Links.

The villas will range in size from 276 to 395 square meters on ample lots that range in size from 350 to 700 square meters. All villas feature heated swimming pools, modern American-style kitchens and expansive views of the course.

Perched on the highest part of the dunesy property and designed with a distinct nod toward modern engineering, the clubhouse will offer breathtaking views while at the same time serving as an elegant social centerpiece.

Montgomerie currently has seven original course designs open for play and more than 10 in some stage of construction or design. The Montgomerie Links is one of only four courses to bear Montgomerie’s name, an honor reserved for layouts where the site and development partners were personally chosen by the golfer himself. The others are in Dubai, Ireland, Scotland and Wales.

ABOUT INDOCHINA CAPITAL AND INDOCHINA LAND

Founded in 1999, Indochina Capital is one of Vietnam’s leading financial services firms with diversified fund management and financial advisory businesses. Indochina Capital manages and has projects under development of US$1.8 billion in three funds and numerous special accounts, including two real estate funds and Indochina Capital Vietnam Holdings, which in March 2007 became the first Vietnam related company to list on a major global stock market, the London Stock Exchange main board. Indochina Capital also owns a controlling interest in and manages Mekong Securities, a leading Vietnamese broker/dealer and investment bank.

Indochina Land is the real estate division of Indochina Capital. Today, the division manages two real estate funds with over US$300 million under management, facilitating investment in over US$1.2 billion in property projects. To date, Indochina Land’s portfolio includes more than 20 properties and projects in Hanoi, Ho Chi Minh City, and the Central Coast. Indochina Land has been involved in real estate projects covering the full range of property types, including residential, retail, office, resort, hotel, other leisure properties (golf and sailing clubs) and industrial properties. The company is currently raising its third real estate fund, Indochina Land Holdings 3, to be capitalized at $500 million plus.

Contact:

Scott Resch

Mandarin Media

Mob. (+84) 093.848.1821

sresch@mandarinmedia.net