“Unlike Da Nang, Nha Trang, Phu Quoc, although the real estate resort market in Ha Long later but is showing strong resilience,” commented by Professor Dang Hung Vo Former Deputy Minister of Natural Resources and Environment at a seminar on investment opportunities in real estate resort in Ha Long taking place last weekend in Hanoi.
“The hitch” to rise up
Explaining the reasons why Ha Long is considered as one of the four leading promising real estate markets, Mr. Vo said that the reason lies in its natural advantages, infrastructure, tourism development, attractive environment to big investors.
“Together with the implementation of open policies to attract investment of the city, the prerequisite is that they must be truly potent, potential and aspirational to develop classy products. Typically, we must mention to brands such as Sun Group, Vingroup, and a chain of resorts and entertainment with scale that have never seen before are put into operation”, he said.
The appearance of the tourist complex combining with world-class entertainment in Ha Long is said to be a “hitch” to make the basic move for this market. As in the holiday season of April 30 – May 05, Quang Ninh welcomed 420,000 visitors in just four days.Visitors to Sun World Halong Complex are 80,000 visitors, 5 times higher than this number in Co To and surpass visitors staying in Mong Cai.
In the segment of resort real estate investment, the appearance of these populations also marks a new trend in real estate investment, which has proved to be successful in major markets: resort real estate market is within closed entertainment complex.
He also shared that he felt surprised in his recent trip to Phu Quoc, he visited JW Marriott Resort Phu Quoc Emerald Bay invested by Sun Group. “The beauty of the works surprised me because of the very deep cultural nature. Here, when entertainment items in Phu Quoc complete, it will create a complex of world-class resorts and entertainment, creating sustainable value for real estate products here. Similarly, in Ha Long, the value of five-star resort project such as Sun Premier Village Ha Long Bay will rise as the project is located next to the international recreation complex Sun World Halong Complex which has been put into operation, “he said
~~>>Update on new information on the real estate news in Vietnam here: Vietnam real estate news
Time-share is on the throne
Replying the question: “What types of resort products should invest at the present?” Prof. Dang Hung Vo commented that we can choose resort property convened quintessence of modern art architecture, accumulated rich indigenous culture, developed by reputable developers in promising markets.
“It is possible to see these real estates as antiques whose value will increase over time,” he said.
In the markets such as Phukhet, Sentosa or the Maldives now, it is more difficult to own resort real estate with the same value”. So, pioneering investors will benefit both in terms of investment cost, opportunity of ownership and profit potential.
According to Mr. Vo, real estate investment is moving from traditional to non-traditional. The investment is not only aimed at satisfying the demand for ownership, but also towards the target of making profit due to the great profit committed from the owner.
In the traditional real estate resort markets such as Da Nang and Phu Quoc, the investor offers a variety of time-share commitments ranging from 7-9% /year in 9-10 years.
Only in Ha Long Bay, Sun Premier Village Ha Long Bay is the first resort real estate project in the North has timeshare commitment from the Sun Group investor with both product lines: resort villas and Boutique shophouse. The minimum time-share ratio applied to product owners is 9%/year for a record time of 15 years. This is the highest level of time-share commitment in the market.
At this event, Mr. Nguyen Chien Nguong, Director of Dat Xanh Group-Hai Phong Branch in the North provided more information that in the North, Ha Long is a destination attracting attention, especially when Sun Premier Village project in Ha Long Bay has just launched last June, with 100% shophouse and about 50% of villas are registered to invest in the first phase.
You are reading the article “Real estate investment is changing to non-traditional method” in the Real Estate category at https://realestatevietnam.com.vn/. Any information sharing, feedback please contact through
Hotline 0909890897 (24/7) or email to email@example.com.