Phu Quoc market is showing signs of change

The total amount of capital that domestic and foreign investors poured into the island reached approximately $ 8 billion at the end of Q3 2015. This is a huge figure showing the strong growth of Phu Quoc.

Set foot on the island, it is easy to see the dynamic of the real estate market is ongoing and more competitive than ever.

The current situation of Phu Quoc real estate market has changed?

Travel around a round of real estate projects in Phu Quoc, the announcement of selling vacant land is spreading everywhere with the price ranged from VND 500 thousand / sqmfor the land is hidden and the price is high (tens of millions VND / sqm) for frontage land, located near the center of the island.

After a number of projects, investors of resorts have started offering villas with prices up to tens of billion each. The success rate of the developers is very high in these offers even up to nearly 100%.

According to the experts, when the development of synchronous infrastructure will create opportunities for real estate projects can add value.

In the past time, we witnessed the strong breakthrough of Phu Quoc in all aspects. Represented in infrastructure, policies, tourist arrivals. Besides, the real estate market seems to have recovered completely and at times has created fever in the investment community.

The leap of the resort real estate segment.

We can see the great growth of the economy and the exciting of the real estate market in Phu Quoc. Other factors such as the Government’s incentive policies also have a positive impact on Phu Quoc’s leisure real estate.

It is evident from the beginning of the year, many real estate resort projects have been launched and received the attention of a large number of customers. Therefore, investors can be completely confident when launching products of resort villas.

This is an attractive opportunity for Phu Quoc tourism in general and real estate projects here in particular.

The risks that investors need to anticipate in Phu Quoc market.

Some investors said that the investment in the branch of resort property still exist many risks such as economic risks, human resources, infrastructure, competition, …

Therefore, the investor has proactively petitioned the local authorities on the issue of considering investors as partners. The two sides jointly developed public-private partnership rather than the mechanism of asking for as previously.

Many risks that investors need to anticipate in Phu Quoc market

In addition, local authorities should have specific measures to determine land prices and land acquisition issues; Clarify and clarify the planning, policies and investment incentives to develop tourism in Ngoc Island.

What new steps does the local government take to promote tourism and develop Phu Quoc?

On behalf of Phu Quoc district authorities, the government said that with the goal of planning Phu Quoc to 2020 vision 2030, Phu Quoc has many favorable conditions to develop all aspects.

Especially, the next 5 years will be the accelerating and breaking phase of Phu Quoc, investors should quickly grasp this golden opportunity. Thus, by 2020, Phu Quoc will become a special economic zone of the region and the country.

Phu Quoc authorities in the future will focus on three key objectives: investment in infrastructure, resolutely solve the waste, waste water; train human resources for the tourism industry.

The most potential investment area of ​​the Phu Quoc real estate market.

To identify potentially promising areas, we need to consider the following factors. The first is the land position near the new international airport area. Next to the beaches in the east and north of Phu Quoc island such as Ganh oil, Cua Can, Bai Thom and Ham Ninh. These locations are not only favorable for tourism development but also an ideal place for sea lovers.

Over the past few months, real estate investors have been rushing to look for potential business opportunities in Phu Quoc, in which the real estate sector is considered as the focus.

Issued many preferential incentives, Phu Quoc has been attracting a large number of investors to the island. Phu Quoc is known as “Ngoc Island” where it will develop tourism resorts with Phuket in Thailand, or Bali in Indonesia. However, if put on the balance for comparison, Phu Quoc just stopped at the level of growth potential.

The real estate market in the island is more “fever” when Phu Quoc is planned to develop into a special economic zone. In the coming time, it will move to the center of tourism, equipped with high-class services with the gathering of various types of entertainment such as casino, zoo … along with pristine ecological environment and beautiful beaches.

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