'%3E%3Cpath%20stroke='%23000'%20stroke-width='4'%20d='m-35-37-13%2020m5%203%2013-20m5%203-13%2020m63%2042%206-9m1-2%206-9m5%203-6%209m-1%202-6%209m5%203%206-9m1-2%206-9m-96%200%2013%2020m5-3-6-9m-1-2-6-9m5-3%2013%2020m63-42-6-9m-1-2-6-9m5-3%2013%2020m5-3-6-9m-1-2-6-9'/%3E%3Ccircle%20r='24'%20fill='%23cd2e3a'/%3E%3Cpath%20fill='%230047a0'%20d='M0%200a12%2012%200%201%201%2020%2013%2024%2024%200%201%201-40-26A12%2012%200%201%200%200%200'/%3E%3C/g%3E%3C/svg%3E){kind=small}
Who Is the Developer of Haus Da Lat? The One Destination, HAUS, Terne Holdings, BTS Bernina and the “Generational Cycle” ESG Philosophy
Table of Contents
The developer of Haus Da Lat is The One Destination (TOD), a Vietnamese real estate company chaired by Mr Philippe Alfred May, with equity from Terne Holdings (Singapore) and the BTS Bernina Private Equity Fund (Switzerland). The land-use entity is Dalat Land (Dalat Land Investment – Construction – Trading JSC), in which The One Destination holds shares. This article answers the three questions buyers ask most often: where the money comes from, who carries the legal responsibility, and what this developer has done to earn trust.
Sources: developer materials issued by The One Destination to its sales partners (January–May 2025, layout brochure February 2025) and Realtique’s own notes from Haus Community Summit – Back to School (9–10 September 2026), where Sweco, Kengo Kuma & Associates, 1508 London and 1010 presented in person. Prices are not published online; contact Realtique for the current unit list and price sheet. Foreign buyers can purchase at Haus Da Lat within the quota of 30% of the units in each tower, with 50-year ownership.
How are HAUS and The One Destination different? Haus Da Lat is developed by HAUS, the brand and team behind both Haus Da Lat and Haus Coastal Quang Ngai, which leads the vision, design and development of the project. The One Destination is the legal entity registered as the project developer of Haus Da Lat (Chairman: Mr Philippe Alfred May), while Dalat Land is the land-use entity. The HAUS Board is chaired by Michael Sheren, a former Senior Advisor at the Bank of England, former co-chair of the G20 Sustainable Finance Study Group, Senior Advisor on sustainable finance to UNDP, and a capital-markets banker of more than 25 years in New York and London (Bank of America Merrill Lynch, HSBC). For buyers, the point worth noting is that HAUS’s ESG governance is led by someone who has shaped sustainable-finance policy at G20 level.
Capital structure: 30% from Singapore and Switzerland
In November 2024, The One Destination announced an investment agreement with Terne Holdings, a Singapore-based diversified investment group, and BTS Bernina Private Equity Fund, an open-ended fund managed under European regulation, with more than USD 368 million under management and 60% of its portfolio in Asia. Under the agreement, the BTS – Terne joint venture holds 30% of The One Destination. Total investment in Haus Da Lat was announced at around VND 1,700 billion (about USD 68 million). This is a “foreign capital into the parent company” structure: the foreign investors sit at shareholder level, while the project entity and the land-use rights remain with a Vietnamese company (Dalat Land).
For buyers, two documents the developer provided to sales partners (February 2025) are worth asking to see: the certificate showing The One Destination’s shareholding in Dalat Land and the chief accountant’s authorisation to confirm deposits. Booking deposits are paid into Dalat Land’s account at MB Bank and confirmed in writing within 90 minutes of the bank’s credit notice, a tighter process than the market norm.
The four HAUS values and the "generational cycle" philosophy
HAUS stands for Humanity (people at the centre; every final decision comes back to one question: “does this make the human experience better?”), Aspiration (ambition as the driving force), Uniqueness (one of a kind, never copied) and Sustainability (sustainability as a commitment). At Haus Community Summit in September 2026, Haus summed up its development philosophy in one sentence: “the choices we make today should not take away the choices of the generations after us”, designing to a generational cycle with a 100-year horizon rather than a 5–10-year sales cycle. Haus also spoke about learning from the world, including its mistakes: urbanisation that traded away nature, and the more modern a society becomes, the more it longs for the natural world. Vietnam, in their view, still has the chance to keep what it has.
Three concrete actions stand behind those words at Haus Da Lat: keeping and relocating more than 300 mature pine trees instead of felling them; finishing the lakeside park, open to the whole city, before selling homes; and building no sales gallery with a scale model, only a Design Exhibition and show apartments in Da Lat. At the groundbreaking on 19 February 2025, Mr Tran Hong Thai, Chairman of the Lam Dong Provincial People’s Committee, said he was confident the project would become a new destination for the city of a thousand pines.
The partner ecosystem: how a young developer borrows credibility the right way
Haus does not have the 20-year track record of the large developers. It compensates with a partner ecosystem: each discipline goes to a leading name in its field, and these partners are held accountable all the way to the construction site:
| Discipline | Partner | Notable commitment |
|---|---|---|
| Architecture & landscape | Kengo Kuma & Associates (Japan) | Regular site presence and finish control; full-scale mock-up; 11 craftsmen flown in to install naguri timber |
| Interiors | 1508 London (UK) | Fully furnished handover, 100% imported interiors; vetting of the fit-out contractors |
| Lighting | Isometrix (UK) | Circadian lighting with concealed fittings |
| Car park | Sweco (Sweden) | Europe’s leading planning firm designs the “forgotten” part of the project |
| Wellness | Chiva-Som (Thailand) | Haus Wellness Center, the third Chiva-Som destination in the world |
| Hotel | IHG – InterContinental | The first InterContinental in Da Lat |
| Club & hospitality services | Copper Beech · 1010 | Vietnam’s first social club, with its founding chapter in Da Lat |
| Construction & supervision | Delta · Artelia | Piling and below-ground works; site management |
What is rare: Haus has had these partners present the project themselves, first in a series of events in Da Lat from 18 to 21 February 2025 led by KKAA, Isometrix, 1508 London, Chiva-Som, Copper Beech, Mitchell & Eades and Dale Carnegie Vietnam, then at Haus Community Summit on 9–10 September 2026 in Ho Chi Minh City with Sweco, KKAA, 1508 London and 1010. Realtique attended both days of the Summit, which is the source of most of the material in this series.
From Haus Da Lat to Community by Haus: Coastal Quang Ngai and what comes next
Haus Da Lat is the “Haus” format: under 10 hectares, an icon in the centre of a city. The next step is “Community by Haus”, at township scale, starting with Coastal Quang Ngai: 94 hectares master-planned by Sweco and winner of three Asia Architecture Design Awards 2026. At the Summit, Haus also previewed the next stage of its journey with Zaha Hadid Architects and Bjarke Ingels Group on an unannounced project. For a Haus Da Lat buyer this means one thing: the developer is building a long-term brand, and the reputation of its first project is something it cannot afford to damage.
Realtique’s view: what to trust about the developer, and what to verify
What you can rely on: a transparent capital structure (announced internationally in November 2024), real partners with a presence in Vietnam, public amenities delivered first, and a strict deposit process. What to verify: actual progress against the timeline published in March 2025 (handover in Q1 2027), since this is the first project of a young developer and timing is the biggest variable; the conditions for converting the capital-contribution agreement into a sale and purchase agreement; and the management fee, which has not yet been announced. Realtique arranges visits to the site and the Design Exhibition in Da Lat; see the buyer’s guide to prepare your questions, and the project overview.
The 2024–2027 timeline: how far has the developer kept its word?
| Date | Commitment / event | Status |
|---|---|---|
| 11/2024 | Equity from Terne Holdings & BTS Bernina announced | ✓ Announced internationally |
| 18–21/02/2025 | Partner events with KKAA, Isometrix, 1508, Chiva-Som and Copper Beech in Da Lat | ✓ |
| 19/02/2025 | Groundbreaking | ✓ Witnessed by provincial leaders |
| Q2 2025 | Opening of the landscaped lake park | ✓ Open to the whole city |
| 09/05/2025 | Haus Private Club event “The First” (Independence Palace) | ✓ |
| Q3 2025 | Design Exhibition, Private Club Da Lat, show apartments, stage & fountain | On schedule; check on site during your visit |
| 09–10/09/2026 | Haus Community Summit – Back to School (Ho Chi Minh City) | ✓ Attended by Realtique |
| 11/2026 | On-site experience at the project (as scheduled by KKAA) | Scheduled |
| Q1 2027 · 2027 | Handover of Sky Villas & Sky Mansions · InterContinental opens | Expected |
Realtique updates this table as new information comes from the developer; you can request the latest site photos and video through our hotline.
Frequently asked questions
Who is the developer of Haus Da Lat?
The One Destination (Vietnam), chaired by Philippe Alfred May, with equity from Terne Holdings (Singapore) and the BTS Bernina Private Equity Fund (Switzerland); this joint venture holds 30% of The One Destination under the agreement announced in November 2024. The land-use entity is Dalat Land.
What is the total investment in Haus Da Lat?
About VND 1,700 billion (roughly USD 68 million), as announced by The One Destination in November 2024, for the 5-hectare complex of three Haus Residences towers, the InterContinental hotel, Haus Mall and the amenities.
What kind of fund is BTS Bernina?
BTS Bernina Private Equity Fund is an open-ended investment fund managed under European (Swiss) regulation, with more than USD 368 million under management and about 60% of its portfolio in Asia; together with Terne Holdings it invested in The One Destination.
Does The One Destination have other projects?
After Haus Da Lat, the developer is rolling out the Community by Haus format, starting with Coastal Quang Ngai (94 hectares, master-planned by Sweco, three Asia Architecture Design Awards 2026), and has previewed collaborations with Zaha Hadid Architects and Bjarke Ingels Group on future projects.
How are HAUS, The One Destination and Michael Sheren connected to Haus Da Lat?
HAUS is the developer brand behind Haus Da Lat (and Haus Coastal Quang Ngai); its Board is chaired by Michael Sheren, a former Senior Advisor at the Bank of England and former co-chair of the G20 Sustainable Finance Study Group. The One Destination (Chairman Philippe Alfred May) is the legal entity registered as the project developer; Dalat Land is the land-use entity.
- Haus Da Lat 2026: Complete Guide to the 5-Hectare ESG Complex on Xuan Huong Lake, 68 Sky Villas & Sky Mansions by Kengo Kuma
- Haus Da Lat Buyer’s Guide 2026: Title, Payment Schedule, 65% Loan with 30-Month Interest Support and Who Can Buy
- 1010 Private Club at Haus Da Lat: Vietnam’s First Members’ Club and What the First 24 Owners Receive
- The Infrastructure Nobody Sees at Haus Da Lat: Sweco Car Park, Isometrix Lighting, Delta and Artelia on Site
Get the Haus Da Lat details
Leave your details and a Realtique advisor will call you back within two working hours with available units, per-unit floor plans, payment terms, how foreign buyers can hold title (30% quota per tower, 50-year ownership) and visit dates in Da Lat.
📞 Hotline / WhatsApp: +84 866 810 689
