Hometel – investment opportunity for 2017

Hometel – a new product of the resort property market is now the most sought name at present.

Hometel owner is granted red book, has long-term possession

Introducing to the market at the end of 2016 early 2017, newcomers of real estate resort-Hometel quickly attracted a lot of attention from investors.

Hometel is a hotel apartment which the owners have full right to decide its utility: to stay or for lease; operate their own business or authorize for operation from management unit to receive full benefits and not share to the owner.

Hometel is issued red book, has long-term ownership. This is also one of the advantages of Hometel, which has solved the problem of the inexplicit ownership of other resort properties, thereby make investors feel secured and attract investors.

In other words, Hometel balances the investment value and ownership interests. Moreover, whether using to stay or lease, its residents are always entitled to use the utilities and services, harmonious infrastructure in accordance with the classy standard of four-star hotel.

Hometel is usually constructed in the city center or in crowded areas and tourist populations with large demand of accommodation, maximum rental potential. Therefore, the experts assess that Hometel usually has high rental rate at 1-3 million per round day due to its advantages.

Hometel has high occupancy. The minimum profit is from 12-14% / year, even higher, while the investment capital is only from 1.5 billion /unit. Therefore, the profit level of Hometel depends on the project selection of the investors themselves.

Hometel investment opportunity in Ha Long

In the hot trend of Hometel at present, we must mention to Green Bay Premium, one of the most beautiful Hometel in Vietnam. This project is also benefited from the modern infrastructure, smooth traffic and developed tourism of Ha Long, Quang Ninh.

In the first 6 months of 2017 alone, Quang Ninh welcomed over 5.8 million tourists, mainly to the Ha Long city. Total revenue from tourism reached VND 8.3 trillion, up 23% over the same period in 2016.

According to Savills the sector of 3-5 star hotels in Quang Ninh always reache average capacity of 60-70% /year.

On the other hand, infrastructure, especially transport infrastructure is being invested by the locality. A series of main expressways have been developed, increase accessibility and connect Quang Ninh with neighboring provinces.

Typically, the projects to expand national highway 18 in the section passing Uong Bi, Yen Cu … have initially completed and connect to the Ha Noi – Hai Phong – Quang Ninh expressway, complete the economic – political – cultural – tourism belt in the north. Other projects such as Bac Luan Bridge connecting Hai Phong, Ha Long – Van Don, Ha Long – Mong Cai Expressway, Van Don International Airport … are also being accelerated to complete at the end of the year.

Hometel Green Bay Premium has been roofed top, are going to complete by the end of 2017, timely meet the shortage of rooms supply in Ha Long, Quang Ninh.

Together with the early operation, Hometel Green Bay Premium will be one of the first projects taking full advantage of the improved infrastructure in 2018 national tourism year held in Quang Ninh.

As forecasted by owner, upon putting into operation, investors can receive at least 12% per year from renting Hometel Green Bay Premium. This figure is based on the occupancy rate of only 25%/ year with the rental rate of 1-3 million /round day.

~~>>Update on new information on the real estate news in Vietnam here: Vietnam real estate news

Hometel Green Bay Premium is located next to Ha Long Bay, the gateway to the bustling tourist city. The apartments of project have modern design with 100% sea view.

Especially, on the occasion of the project’d roofing,  the official distributor, G5 Property offers customers a five-year free service fee, offer full set of air conditioner worth 40 million, discount 1% for customers coming from Quang Ninh and many other gifts.

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