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The race of Nha Trang’s real estate resort market

The real estate market in Nha Trang

According to statistics from survey units, Nha Trang is currently the leading place in the resort real estate market.

Located at the top of the real estate resort race

Nha Trang, which is known as a tourist destination, has the rare advantage of having a tropical climate all year round, romantic scenery, longest beach on the planet. Thanks to those factors, Nha Trang has become the most attractive tourist market in Vietnam.

Possession of ideal conditions for tourism development. Nha Trang is the pioneer in launching new resort real estate products. More than 10 years ago, the first resort villa project appeared in Nha Trang and in the next few years, the condotel condos making the wind on the market were also launched for the first time in Nha Trang. This is the reason that the supply of resort property and condotel apartments in Nha Trang is superior to other places.

Sunshine Marina Bay Nha Trang
possesses the ideal conditions for tourism development

According to a report on the resort real estate market from Savills, as of 2016, Nha Trang has been the leader in the resort real estate market with the total supply of condominiums to 11,794 units, this number is double Da Nang (7,552 units) and also far from Phu Quoc (1,201 units).

With the current growth rate, the supply of hotel apartments in Nha Trang is also expected to not catch up with demand. According to Savills, from 2016, the number of tourists to Nha Trang will increase from VND5 to 7.2 million by 2020. At that time, 19,200 hotel rooms with 3-5 star standards will be needed to meet the demand. , with the current supply, can meet 17,600 rooms at the time.

With the current growth rate, the supply of hotel apartments in Nha Trang is also expected to not catch up with demand.

It is noteworthy that the average stay of visitors to Nha Trang is higher than in other places. According to data from the beginning of last year, the average stay of international visitors to Nha Trang is 3.5 days, while only 2.8 days in Da Nang and 2.6 days in Phu Quoc. Even with Russian tourists, the stay often lasts up to 12 days.

The race of the great men

On behalf of the investor, the race of the “tycoons” in the real estate sector also contributed to the real estate market exciting resort. In particular, The Costa Nha Trang is becoming a unique spot when located on the land of more than 12,000 m2, right in the center of Tran Phu Street, 5- star standard.

The Costa Nha Trang is almost the first project to complete the legal procedures for real estate investors to be issued a certificate of ownership of the apartment, ready to hand over. The 29-floor apartment building, low-density construction, 100% of the apartments are facing the sea and designed by Singaporean architect Tan Hock Beng. Apartment with interior designed by P49 Design – the unit has executed many famous 5 star hotel projects around the world.

In the second quarter of 2018, Nha Trang continues to appear a new line of products, is predicted to usurp the condotel in the coming time is the Hometel product line. The hottest in the current time is the “Hometel” Dragon Fairy Apartment is located at 89 Tran Phu, by the Company Building 89.

The real estate market in Nha Trang
Nha Trang is currently the race of the big real estate

This project has 425 apartments, 162 hotel rooms, 4 star standard building and 100% sea view apartments. This is also considered the only apartment project in Nha Trang located on the east of Tran Phu, more than 100 meters from the sea.

Besides hometel, Nha Trang is also the place to bring real estate entertainment into our country with The Arena panorama cam orange with the scale of more than 4,000 condotel. This project will be “Entertainment”, which is quite different from the model that many vacation properties are present in Vietnam. This model is considered as a stimulus model, helping customers stay longer and spend more money, bringing high business efficiency.

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The race of Nha Trang’s real estate resort market
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