Currently, the condotel Phu Quoc projects as the beautiful pearls hidden on the island are the highlight of the property market.
Phu Quoc – highlight of the resort real estate market in Vietnam
Currently, the resort property market Vietnam has Nha Trang, Da Nang and Phu Quoc that are 3 the most “hot” points. Three cities are being hoped that will become the paradise of the country as well as in the region.
Reviewing from Savills’ analysis, the growth of international visitors to these sites has overcome Hanoi and Ho Chi Minh City.
Especially, it is Phu Quoc island. With the advantages of nature, mild climate, year-round sunshine, beautiful coastline, fresh and good air for health, Phu Quoc has become the first choice for domestic and foreign tourists who would like to relax.
Despite that developed later than other areas, the growth of Phu Quoc is not lower than the speed of Nha Trang or Danang. Originally, it is a wilderness area, up to now, there have been over 2500 hotel rooms and 3-5-star villas.
In addition, the infrastructure system is also being perfected. For example, the international port with the large scale is being constructed or Cable Car system have been prepared to go into operation.
These the potential of Phu Quoc are tractive to pay intention to the big corporations such as Vingroup, Sun Group, CEO of Group and this pearl island is being quickly invested by them.
Thousands of villas and condotel grow up quickly. Although there have many types of the resort, the condotel is viewed as a prominent type and it also attracts a lot of attention of the market.
The abundant supplying resource shows the attractiveness of condotel that is extremely large
The condotel source accounts for 65% of the total condotel source of “the second house” launched.
Currently, the purpose of a lot of investors that invest condotel because it is a full of the potential segment. Many investors review Phu Quoc condotel will quickly generate gravity in a powerful way to the market.
Best Western Premier Sonasea Phu Quoc project is an example. It is full of the potential project having the investor of CEO Group and managed by Best Western Corporation. This group is in the top 10 Hotel Management Corporation in the world.
Therefore, condotel project is highly appreciated and set many expectations to become the bright star leading to the investment trend in high-end resort real estate.
A market is still fairly new and does not yet have a high safety level. So why do many investors still invest in condotel Phu Quoc?
The easy policy and quick procedure
Kien Giang Province has licensed for 21 infrastructure projects on the island with a total investment of 1.7 billion USD focusing on exploring thoroughly the natural beauty and potential from “travel industry do not smoke” created on the island.
The international airport perfection is nearly 1 billion USD, the traffic infrastructure and the upcoming is Casino project with the beachside resort … which is gradually enhancing the level of Pearl island with big tourism centers in the region.
Great potential to increase the price in the future
Condotel investment is a popular trend in the world, however, it is a new form in Vietnam.
Currently, the supplying resource is still limited and the price in Vietnam is only one/third as much as the price of condotel of the world. It will be the main lever to be a remarkable boom in the future.
More specially, the condotel products are located in Phu Quoc – the Greatest Travel Island in Vietnam with the expectation of increasing price in these apartments that is better for clients.
The activation in the holiday
It is great if the clients can own an apartment hotel in Phu Quoc – where has the luxurious space for the whole family to enjoy the long vacation every year without needing to find hotels for each trip.
A form of vacation exchange is being applied in many resort projects. Therefore, the owners in condotel Phu Quoc can have the opportunities to enjoy the free vacations in many other places without worrying about the accommodation.
The simple and easy form
When investing in the apartment hotel, the owners do not need to worry about finding the tenants or operation, maintenance, and management of their apartment.
There have a leading hotel management team of the world with long experience to guarantee that apartments will be business and operated efficiently. It is said that Condotel Phu Quoc investment is to own a great travel investment channel.
Appropriate investment capital
Resort real estate is increasingly asserting them as attractive investment channel. If the villa segment has the large capital which makes many investors getting financial problems, the condotel is a reasonable investment solution for many middle-financial investors.
With the price of just the equivalent of the usual apartment, it still brings investment benefits and condotel apartment products, villas line is an extremely optimized selection for investors.
Stable and long lasting profits.
Thanks to the great travel potential, the number of tourism to condotel Phu Quoc is very stable. Besides, according to the statistics, the price of rooms of the hotels in Phu Quoc is always the highest level compared with the main tourist destination in Vietnam such as Da Nang, Nha Trang, Ho Chi Minh City, Hanoi,…
Therefore, the high rental price, as well as the filled room rate are the main profit source for the owners of the condotel in Phu Quoc.
You are reading the article “Phu Quoc – Potential Land For Leisure Travel” in the section “Real Estate News” on the website: realestatevietnam.com.vn
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