Condotel is emerging as a promising new investment trend in Quang Ninh in the context of the condotel market in Nha Trang, Phu Quoc, Da Nang has been widely explored.
As a famous wonder, Ha Long always stands at the top of the list of most mentioned in Vietnam as well as Asia. Millions of visitors have poured here many years ago, when infrastructure, roads as well as tourism services in Quang Ninh are still limited. It is easy to understand why the provincial government has “invested” in synchronous infrastructure to make breakthrough changes in recent years.
Leading the local capital to attract investment outside the budget for investment in transport infrastructure, Quang Ninh is being considered as a “big site”, with a series of projects such as Ha Long – Hai Phong Expressway, Bac Ninh – Uong Bi road, Quang Ninh airport, Bac Luan II road and bridges, especially Ha Long – Van Don expressway with a record capital of more than $521,739,130.
Condotel market, welcome to the chances
Currently, the supply of high-class hotels in Quang Ninh is reaching more than 3,550 rooms in 20 4-5 star hotels, a modest figure compared with 8.3 million visitors in 2016 (of which the number of guests staying Reached 4.3 million). This supply will become scarce when Quang Ninh aims to welcome 10.5 million visitors by 2020. This is the time when the infrastructure connecting Ha Noi, Hai Phong, Van Don with Ha Long was extremely convenient and The demand for high-end condominiums of both international and domestic tourists has increased.
The high growth rate of Quang Ninh tourism is creating an attractive piece of cake for real estate investors, especially in the affordable condotel segment, which has grown very strongly in the coastal areas of Vietnam but still quite new in Quang Ninh.
FLC Grand Hotel Ha Long, “rare goods” is coming out
As one of the pioneering condotel projects in Quang Ninh, FLC Grand Hotel Ha Long attracted the attention of investors since the first information was published. The heat of the project is increasing day by day as the owner plans to launch at the end of the second quarter of 2017.
The hotel is located at the tallest peak of Van Nghe hill at 96, equivalent to 100 meters above sea level or a 50-storey building, allowing visitors to view the whole panoramic view of the fanciful landscape of Ha Long at any time of the day. More than 90% of real estate investors have had a chance to visit the construction site of the project that has made a strong impression on this unique and rare land.
Not only inherit the heritage is beautiful natural scenery of Ha Long Bay, FLC Grand Hotel also equipped with a series of five-star standard facilities such as a four-season pool of 1,000sqm, modern outdoor infinity pool, high-class restaurants, vibrant clubhouse, the highest rooftop bar in Ha Long. That is not to mention a series of other facilities are inherited from the FLC Ha Long Bay Golf Club & Luxury Resort is under construction and will be operated in parallel, such as 18 hole golf course, international conference center 1,500 slots…
The variety of condotel type and area (44 – 853sqm) commits to the highest return on the market (minimum 12% per year for 8 years) is a big plus point of the project in satisfying the needs Bridge every investor not many condotel projects do this.
“FLC Grand Hotel Ha Long owns a prime location in which rare condotel projects in Quang Ninh are comparable and is located next to the beautiful and challenging golf course of the existing FLC Group golf course. Combined with a 5-star hotel service system, I believe the project’s booking capacity will always be over 85% and the rental commission will certainly exceed 12% per year, “said Hoang Que Linh. – Diamond Invest Holdings deputy general manager representative of the official distribution confirmed affiliate.
Efforts to reach the international level
Built by FLC Group, a leading conglomerate in the development of the luxury resort real estate, FLC Grand Hotel Ha Long has a strong brand equity guarantee.
Since its inception, condotel projects such as FLC Luxury Hotel Samson, FLC Luxury Hotel Quy Nhon and FLC SeaTower Quynhon have consistently won major national and international awards. Only in May 2017, FLC has won two awards: “Top 10 best developers in Vietnam” under the framework of BCI Asia Awards and “Vietnam’s Leading Real Estate Company 2017” by DOT Property comment.
Recently, the Group has successfully organized a roadshow in Singapore to introduce premium real estate projects to hundreds of individual investors, financial institutions, investment funds and Asian real estate firms and the world.
This is an important advantage that any investor condotel should take into account, in addition to commitments attractive profit or favorable location of FLC Grand Hotel Ha Long.
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