Recently, real estate investors and customers are curious about the information about a project located on the coastal road Pham Van Dong which has been leaked – Scenia Bay project of Nam Tien Lao Cai investor.
It is known that it is among a few remaining coastal projects located at 25 – 26 Pham Van Dong with domino-stacked architecture and 100% apartments with direct sea view.
Nha Trang – “a good place for settling down”
In the context of increasingly hot of Nha Trang’s real estate market, with the expected number of tourists of 7.2 million in 2020 and high staying period, it is sound to say that Nha Trang is a potential land for investment in resort properties.
According to estimates of Savills, Nha Trang must have about 19,200 rooms of 3-5 star hotels to meet the tourist’s demand. However, with current supply, Nha Trang is only able to supply 17,600 rooms in 4 years later.
With the high potential of tourism development, resort projects in this area are always sought after due to its high liquidity and future profitability.
In addition, the revised Housing Law allowing foreigners to register for home ownership for 50 years is to be one of the drivers of demand.
The vibrant resort real estate market is the driving force for investors to continue to “launch new products”.
Regarding the apartment segment, recently, the appearance of Scenia Bay project located on Pham Van Dong Street has panorama view of Nha Trang Gulf and is unveiled to have 100% sea view apartments.
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Scenia Bay – four frontage-coastal Nha Trang project
One of the key determinants of the potential for price increases as well as the profit of a property is its location. To be constructed on an area of 7,666 m2, the Scenia Bay project is located at 25 – 26 Pham Van Dong (Tran Phu stretching), Nha Trang city.
The project has four frontages: Pham Ngoc Thach, Sao Bien, Nguyen Bieu, main front is bordered to Pham Van Dong Street, the road adjacent to Nha Trang beach.
When the road which is considered as the center of Nha Trang City – Tran Phu is “filled” by resort real estate projects and visitors, the shift to the remaining coastal street- Pham Van Dong is assessed to be attractive because of the real limitation of the coastal land fund.
In addition, Nam Tien Lao Cai Owner has recently signed a cooperation agreement with InVision Hospitality Hotel Management Group to manage and operate the Scenia Bay project.
The increasingly development of regional networks, innovative hotel brands and international experience together with locality acknowledgement are what make InVision Hospitality different from other hotel management companies.
Choosing a professional unit to manage the project is an important strategy of Nam Tien Lao Cai in the competition with other investors” and creating trust in investors.
As also revealed from the owner’s representative, Scenia Bay has long-ownership and is permitted to form accommodation unit.
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