These projects receiving the most interest on real estate market

According to the latest announcement by Vietnam Real Estate Association, in the first 6 months, resort real estate segment has leading position on attracting capital as well as investors.

And interestingly, this report has disclosed a project in Da Nang that is holding the No. 1 position on the ability to create spreading attraction.

The statistics figure

In early July, Vietnam Real Estate Association released detailed research data on real estate market in the first 6 months. In which including a detailed report on the level of interest of investors that the association requests SocialBeat to survey has revealed some notable figures on the market.

In particular, according to the survey report by SocialBeat (System of Listening-Analyzing and Processing Social Network Information), from January 01 to July 18, 2017, SocialBeat system recorded 8.2 million interactive, in which included 401,785 posts and 872,626 comments referring to the real estate industry. In which, resort real estate and apartments are the two most discussed segments on social network, accounting for 35% and 22% of the total respectively.

About the search for resort property on internet, most searched and discussed information concentrates in Da Nang and Nha Trang. Of which, the most attracted project on the market is Cocobay Danang tourism and entertainment project – accounting for 55% of discussion, followed by Vinpearl Long Beach in Nha Trang.

The real estate property market in the North also appeared projects such as  Sapa Jade Hill (Lao Cai), Sun World Halong Complex.

The attraction from project worth 11,000 billion dong

To be announced 1 year ago, Cocobay has continuously attracted the market with a series of overwhelming transactions in Da Nang market. This project has a total investment of more than 11,000 billion with the scale of 31 hectares. It is expected that when the project is put into operation, it will become the leading tourism and entertainment complex in South East Asia and attract an average of over 2 million visitors annually.

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According to the investor, this project will provide more than 10,000 condotel to the market with a variety of facilities including 82 restaurants, 102 large commercial centers and a lot of art performances.

In addition, Cocobay also owns many record items in Vietnam: the world highest twin tower with crystal bridge, the longest aerial swimming pool in Vietnam, condotel with the largest spa & fitness center in Vietnam…..

On July 15, Cocobay has officially opened the first phase with nearly 1,000 rooms of the Boutique Hotel chain together with culinary system. In addition, the condotels are also accelerated construction progress to put into operation soon.

Currently, Coco Ocean Resort has been constructed to the 20th floor. Coco Skyline Resort – smart condotel has also been roofed top in July. It is expected to be handed over to customers in the first quarter of 2018. Coco Skyline Resort currently costs VND1.4 billion /unit with maximum profit commitment of 12% /year for 8 years.

According to the investor, all component projects of Cocobay projects such as Coco Ocean Resort, Coco Skyline Resort, Boutique Hotel and Garden Bay are all well-consumed in a very short time.

Mr. Dang Quoc Viet – General Director of Smartrealtors Real Estate Company said: “From the beginning of July up to now, sales atmosphere of Cocobay is very exciting. Customers are ready to sign the contract right away after learning that Cocobay project has officially operated Phase 1.”

The fact that Cocobay’s accelerated construction and putting into operation with the ambition to become the leisure destination of the world not only attracts real estate investors, but also creates a powerful stimulus for supply to surrounding areas.

According to preliminary survey, before the time Cocobay was announced, the surrounding area of this project is just white sandy hills with the price only a few hundred thousand dong/m2.

But after this project is launched, around Cocobay has appeared many projects with prices increasing to 3-4 million dong/m2 such as Coco Riverside City, Sakura Central Park, Ngoc Duong Riverside, My Gia urban area , Rose City urban area, Sentosa City … Especially,  some projects have increased up to 7 million /m2 before Cocobay is put into operation.

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