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Coastal Villa attracts the rich from the capital

Real Estate Market Phu Quoc

Each villa resort in Phu Quoc beach area from 500sqm to 600sqm. Its value is in the millions of dollars, but still the real estate investors.

Five-star beach villa – the place of the super-rich.

The Phu Quoc market now has many high-end resort projects are licensed construction investment. However, the number of projects actually completed and built is expected to be counted only on the fingers.

Currently, only his villa chain Vingroup-Vinpearl Premium Phu Quoc with about 264 apartments are offered. Along with that next time there are thousands more adjacent, villas from Sonasea Villas & Resorts are under construction.

A villa on the coast of Phu Quoc
A villa on the coast of Phu Quoc has a beautiful view, but extremely expensive price

These are mid-range apartments, while million-dollar villas are primarily reserved for “super-rich” investors. They are customers from Hanoi, Ho Chi Minh City and some overseas Vietnamese.

The market is starting to grow.

Phu Quoc has a geographic location, natural conditions and an ideal climate. To develop into a regional and continental resort.

Even with the current development, Phu Quoc is still able to compete with the tourist island that has established its position in the region. Like Phuket (Thailand) or Bali (Indonesia).

Many domestic and foreign investors have realized the potential for further development of Ngoc Island. There should be a long-term investment plan here.

Real Estate Market Phu Quoc
Phu Quoc is becoming the first choice of many investors

As exemplified by 2006, Rockingham of America plans to invest $ 1 billion in a 1000ha tourism project. Swiss Trustee Suisee also announced plans to build a $ 2.6 billion Asian Pearl project.

However, planning and ambition are one thing, and realizing that ambition is another.

Phu Quoc resort property is still in the “potential” word.

According to data from the island management and development. Currently in Phu Quoc, 143 projects have been granted investment licenses. Of the 202 projects approved for investment with a total registered capital of 6.3 billion.

However, in fact the number of projects under construction is only counted at the fingertips. The rest are still on paper.

Phu Quoc is currently providing 3-star and 4-star hotels, but is limited in number to about 2,000 rooms. The rent is the highest in the country. The average price is 120 USD / day / night (4 star standard room).

Phu Quoc Project
Phu Quoc real estate is still in the “potential”

In Phu Quoc, five-star condominiums are almost undeveloped. Currently only the line of resort products of Vinpearl Premium Phu Quoc is sold to the market.

Obviously, real estate resort Phu Quoc is now only in two words “potential.” Most of the projects are on paper despite having been approved and executed long time ago. This is not the same with resorts with the same property development resort as Da Nang or Nha Trang.

The rich get paid to wave “mass” into the market.

Although the Phu Quoc market is a magnet attraction of “super rich” from Hanoi. However, with limited current supply, they do not have many options for themselves.

Vinpearl Premium villa chain in three areas: Nha Trang, Da Nang and Phu Quoc. Among investors interested in this series of villas, most of them are interested in Nha Trang more than Da Nang and Phu Quoc.

Regarding the rate of return, the investor is Vingroup Group is committed to share 85% of profit and income of at least 9% of the value each year. Within 10 years, apply to all villas.

The total number of resort villas launched by Vingroup this year is 850 units.

Particularly in the Phu Quoc market, at the first stage there were 33 completed apartments, so far most have owned. Phase two of 231 units are currently sold and also sold three quarters.

phu quoc vinpearl resort and villas
Inside Vinpearl Premium-Vingroup villa for $ 1 million per unit. But still burn when sold out

According to a report from Vingroup, “Most of the investors who buy Vinpearl Premium villas in Phu Quoc are wealthy people from Hanoi. Some people even buy some.”

It is known that Vinpearl Premium Villa Phu Quoc of Vingroup currently has an average selling price of about $ 1 million each.

According to information from Vinpearl Premium distribution units at a recent conference held in Hanoi. The total number of villas sold on the market today is over 200 units.

The units pioneer sea villa market in Phu Quoc.

It can be seen that Vingroup is pioneering to launch products of Phu Quoc beach resorts to hit the market, welcoming the first waves in the island.

There are many other “big” in the real estate are also preparing to launch the product.

For example, CEO Group is expected this year will have thousands of adjacent villas. Included in the Sonasea Villas & Resorts project, 400 of which are Novotel properties.

Bim Group’s hotel projects under construction will also be sold. The Sunset Sanato project can also push hundreds of apartments into the market.

With the increasing “hot” of the sea villa projects. The real estate market in Phu Quoc is becoming the focus of real estate investment in our country this year.

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