Quy Nhon develop sharply in resort real estate market

In the buzz of the whole Condotel market, Quy Nhon emerged as a “new star” by inheriting its superior potential and planning well. This is the market to maintain high liquidity thanks to the attractive from the project scale.

Looking back on the past, most economists said that in 2018 Vietnam real estate will definitely prosper and segment real estate resort, sea villas for rent is emerging as a phenomenon for the investors.

In the buzz of the whole Condotel market, Quy Nhon emerged as a “new star” by inheriting its superior potential and planning well.

Although international arrivals to Vietnam have doubled since the recession in 2009, this figure is still half that of Singapore, one third compared to Thailand. I see a lot of potential.

Quy Nhon alone receives about 2 million tourists a year, an increase of about 2.6 times compared to five years ago. Targeted to 2020, Binh Dinh province will attract about 5.5 million tourists (equivalent to Da Nang today) with turnover of about VND10,000 billion, growth rate of 25% per year.

Although “born after late”, Quy Nhon has its own advantages together with the development policy to bring Quy Nhon compared with other resort paradise.

To serve the needs of customers, infrastructure in Quy Nhon is promoting investment. According to the statistics of the first 6 months of 2017, Binh Dinh has attracted 45 projects with domestic investment capital with a total registered capital of over 11,860 billion. The most exciting is the field of tourism, infrastructure, urban commercial.

Many real estate agents have come to Quy Nhon with large-scale projects such as VinGroup with integrated cable car project, Hoa Sen Group with a complex of hotel, commercial and luxury apartments.

The most notable of all is the FLC Group’s FLC Sea Tower, FLC Cu Lao Xanh, the expansion phase of the Quy Nhon FLC, and Quy Nhon Golf Academy, The Coastal Hill Hotel and FLC Lux City Quy Nhon.

The landing of many stature projects is turning Quy Nhon into an emerging market in the Condotel segment

“Good land” for investors

With a large-scale and synchronous investment strategy, FLC’s projects have created a great driving force for local tourism. In particular, the appearance of FLC Lux City Quy Nhon is considered to gradually create a new urban appearance spacious for Nhon Ly.

FLC Crown Vill is a jewel of FLC Quy Nhon Beach & Golf Resort. The rapid development of transport infrastructure will also be a favorable factor for the project to increase its prospects. Survey shows that the common land price in Quy Nhon is from VND30 to 60 million / sqm. However, in areas far from the center a bit more, but favorable location, the land price is still at a good level.

Typically at FLC Lux City Quy Nhon, the price of coastal villas is only 16 million / m2 and located in the area eligible for long term pink book, which is considered by investors as one of the projects leading in the current market in Quy Nhon.

Mr. Nguyen Van Hau – General Director of Asian Holding JSC, the exclusive developer of FLC Crown Vill Quy Nhon said: “Quy Nhon contains a lot of potential to attract large investors. This leads to high competitiveness when the land fund is increasingly scarce. The number of sea villas is limited, but the trend of luxury beach villas, with unique architectural personality is increasingly popular international guests. Therefore, sea villas in Quy Nhon in general and Asian Holding, especially in Quy Nhon Beach Resort & Golf Resort in particular, have been well received. “

In the future, if Binh Dinh continues to maintain the growth of tourism and infrastructure, real estate projects with reasonable investment strategies such as FLC Lux City Quy Nhon will have more development opportunities, bring long-term value to investors.

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