The lucrative profit attraction from phu quoc resort real estate

The increase of tourism demand together with many preferential policies for Phu Quoc to become the special economic and administrative center of the region in the near future is bringing a lot of potential as well increase in real estate value here.

Destination for high end vacation

To be dubbed as Pearl Island with world-beautiful natural sandy beaches, mountains , 2/3 of primeval forest with abundant ecological environment, mild climate …, only about 2 hours flight from 10 Asian countries, Phu Quoc is an ideal destination for large number of domestic and foreign tourists.

According to the statistics of People’s Committee of Kien Giang Province, in recent years, the number of tourists coming to Phu Quoc continued to increase, 1.43 million visitors in 2016, up 52% compared to 2015 and increase 230% compared to 2013.

Expected by 2017, number of tourists coming to Phu Quoc will reach 1.8 million, up 25.5% over 2016, of which international visitors is over 300,000, increase 42.7%.

According to Jones Lang Lasalle real estate management company, in 2016, resorts cities and islands in Vietnam have surpassed Ho Chi Minh City and Hanoi in terms of international visitor number.

With its isolated location, tropical climate, Phu Quoc has become an attractive destination and a new choice for international tourists with growth rate of 40% /year.

The increasing demand for vacation of both domestic and foreign visitors has strongly increased demand for resort real estate. Over the past few years, sales of beach apartment/villas have been very good, with 70% to 80% of units offered for sales is booked to buy.

Attraction to investors

Within two months of launching, the products at Boutique Hotels Phu Quoc Waterfront or five-star international standard resort Premier Residences Phu Quoc Emerald Bay have been sold after a few days opened for sale.

Especially, the five-star Novotel Villas invested by CEO Group launched in mid-April, 1977 has also been chosen by many investors.

Novotel Villas not only has a convenient location, but also suitable for those who are looking for a peaceful, private, close to nature with high-end facilities and high profitability.

This is the first Novotel branded resort in the world to be able to transferred to customers, as well as the first Novotel branded resort in Vietnam, confirming the trust and high appreciation of famous Accor Group dedicated for CEO Group.

Novotel Villas are luxuriously designed in a green, peaceful, close to nature and private space. Not only being equipped with luxurious interiors in accordance with Accor standards, the owners and visitors of Novotel Villas also enjoy world-class facilities including 2 large outdoor pools, pool bar, restaurant, spa, massage, gym, yoga room, coffee shop …

At the same time, it is also inherited the facilities of Novotel Phu Quoc Resort such as tennis court, infinity pool, swimming pool, seafood restaurant and buffet system, ballroom, business center …

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Profitability

Combined with many advantages, but Novotel Villas has competitive price compared to other projects in the same segment in the region. Customers can borrow up to 50% of the villa value and receive 0% interest rate support in the first 10 months.

Specially, this resort offers a rare investment opportunity. Typically, the investor commits to share profit of 9% /year for the first nine years – a stable and attractive profit compared to other current channels.

Moreover, to be managed and operated by Accor Group with professional style, Novotel Villas also makes owners feel secured about profitability and preservation,  increase of real estate value over time.

In fact, the hotel market in Phu Quoc is one of the leading markets in Vietnam’s real estate performance. The number of tourists to Phu Quoc increases yearly, the demand for accommodation is diverse, the inadequate supply of hotels in Phu Quo is the major factor attracting investment in real estate resort of Pearl Island.

Due to many preferential policies such as land rental exemption, 50% reduction of personal income tax, exempted from fixed asset tax, 10% of corporate income tax instead of 22% as required by law and many policies going to be deployed to make Phu Quoc become a special administrative and economic center are forecasted to increase the demand for real estate in Pearl island.

Especially, in the past few years, in addition to good signals such as construction of ports, airports, direct flights, expanded roads, developed tourism and the potential to become a resort center in the area, the speed of land price increases, especially resort real estate in Phu Quoc is also faster.

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