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What Will The Next Two Years Of Property Market Resort?

According to Prof. Dang Hung Vo, the segment of real estate resort whether want or not must continue to develop, forecast in the next 5 years will be a hot growth sector by “eating” the momentum of economic development.

According to expert opinion, this segment is attractive when the value of investment is reasonable, attracting idle capital. This is also a product that is committed to safe and secure capital in real estate. In addition, high socialization and specialization in the operation, exploitation and management of real estate assets also make this type attractive.

PhD. Nguyen Tri Hieu said that in the past three years, there was a significant development in real estate, with large investors pouring money into many projects. A local investor recently offered to sell real estate to foreigners at an international conference. According to Mr Hieu, this is an impressive step, showing how strong the investors have stepped up, they began to look outward and for sale on the international market.

However, this type of problem still has a lot of difficulties, such as condotel (apartment – hotel) – the hottest product line in the resort real estate segment – has the potential to develop exciting but they still have many legal barriers, causing investors and business disturbed.

Property Market Resort
Property Resort of Sungroup

In addition, one of the major risks to investors of this type is that the profit from the project may not reach the desired level, affecting the committed profit is proposed. In addition, when investing in this type, it is necessary to pay attention to the legal constraints between the involved parties from the beginning so also cause many obstacles and hesitation for investors.

Mr.Rudolf Hever, director of the Asia Hotel Group at Savills, said that most of the projects being offered at the moment are quite aggressive but they have not been put into operation yet, and many people are worried. Investors or buyers, secondary investors do not think much about the risk of the second home. Buyers often buy products through advertising images that are not fully recognized in the first type. Private, product line that I bought in the future.

Commitment to profit is also a matter of concern. Because once runners pledge to profit invisibly generates a market race, it is difficult for buyers to identify and choose to buy the right product.

According to Prof. Dang Hung Vo, the property segment of vacation whether want or not must continue to develop, forecast in the next 5 years will be a hot growth sector by “eating” the momentum of economic development. The problem with this type of real estate is that we do not have a real accurate assessment and statistics on how many projects are properly defined for condominiums, so many resort projects or self- Lure investors. Currently, coastal cities are in a state of boiling supply as investors are also competing in large scale projects with hundreds of ocean villas and condotels, while the market is heavily dependent on Annual tourist season.

According to Prof. Dang Hung Vo, the property segment of vacation whether want or not must continue to develop, forecast in the next 5 years will be a hot growth sector by “eating” the momentum of economic development. The problem with this type of real estate is that we do not have a real accurate assessment and statistics on how many projects are properly defined for condominiums, so many resort projects or self- Lure investors. Currently, coastal cities are in a state of boiling supply as investors are also competing in large scale projects with hundreds of ocean villas and condotels, while the market is heavily dependent on Annual tourist season.

Therefore, there are hotels with no accommodation, while a building next door is empty. In Phu Quoc is also the situation where there are busy places but there are many resorts luxury resorts have to launch many calls but continuous customers have to compensate losses, “added Vo.

More importantly, according to Prof. Vo, the tourism industry in Vietnam also expressed lack of sustainability. Many tourists shook their heads with questions back. Vietnam is not as good as other real estate development tourism destinations such as Thailand, Singapore, Korea … although our advantages are huge. In addition to the unique heritage, we have yet to create other elements that can attract foreign tourists.

Luxury resort property is booming
Luxury resort property is booming

In addition, there is always a crowd mentality in Vietnam, as many people plunge into a place where many others immediately follow without having any information about the project and the owner. This is an unprofessional way of thinking that leads customers to create hot spots on the market.

Prof. Dang Hung Vo asked myself, “What do you do? I support the non-agricultural land itself, so it should be used indefinitely, this is a good way to grow Vietnam, creating better conditions for getting rich. I support the use of resort property as an indefinite land use. “

According to the expert, real estate associations need to work hand in hand to get good data and public agencies also contribute to building a better database for sustainable development. If there is a crisis in the leisure segment, the damage to institutional investors, secondary investors and the state is huge. Thereby promoting the long-term benefits that this segment can bring.

“We emphasize that instead of being chased by investors, the movement that creates surplus supply should focus on product models that fit the actual market demand. Services, when traveling people they just simply bed to sleep, do not need too many things. Therefore, new models, meeting the real needs of the people are important, “Hever further suggested

What Will The Next Two Years Of Property Market Resort?
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