Tourism growth is considered a main contributor to the development of resort real estate, which is becoming an attractive investment channel in the country. The number of international visitors to Vietnam recorded an average growth of 27 percent in the last two years, and Vietnam is one of the countries with the highest growth in East Asia. (Photo for illustration) The momentum is fuelled by the rapid development of infrastructure, low-cost airlines; e-visa registration programme for 40 countries and visa exemptions for five European countries; domestic consumption; and the Government’s moves to encourage and promote tourism, and contributions from private investors. According to Mauro Gasparotti, Director of Savills Hotels Asia Pacific, Vietnam is transforming from a destination with few options of accommodation and entertainment into an attractive destination for luxury tourism that is able to attract tourists back. More and more domestic and foreign … [Read more...] about Resort real estate
Resort real estate huatulco
Resort real estate – highlight of Vietnam’s property market in 2019
Illustrative image (Source: VNA) HCM City (VNA) – The future looks bright for Vietnam’s real estate sector, especially the resort segment, which is attracting attention from both domestic and foreign investors. Tourism growth is considered a main contributor to the development of resort real estate, which is becoming an attractive investment channel in the country. The number of international visitors to Vietnam recorded an average growth of 27 percent in the last two years, and Vietnam is one of the countries with the highest growth in East Asia. The momentum is fuelled by the rapid development of infrastructure, low-cost airlines; e-visa registration programme for 40 countries and visa exemptions for five European countries; domestic consumption; and the Government’s moves to encourage and promote tourism, and contributions from private investors. According to Mauro Gasparotti, Director of Savills Hotels Asia Pacific, Vietnam is transforming from a … [Read more...] about Resort real estate – highlight of Vietnam’s property market in 2019
Resort real estate 2019: emerging markets
In 2017, the resort real estate market segment was mostly focused in areas designed to be economic zones such as Phu Quoc, Van Don and Van Phong. In 2018, the ‘hottest spots’ of the market were in Quang Binh, Quang Tri, Quang Ngai, Phan Thiet, and Ha Tien, which remain untapped. Real estate experts all said they can see a strong rise of some markets empowered by the state’s big investments in infrastructure. A series of important transport works connecting areas have been implemented, which have lured big realtors who bring multi-billion dong projects. Huge projects have turned once-neglected land areas, poor in infrastructure and services, into potential resort markets. Experts have predicted that a new wave of investment into infrastructure in the areas of Cua Tung, Cua Viet, My Thuy and Vinh Thai in Quang Tri province is coming. It is estimated that over US$3 billion worth of capital would be poured into airports, highways and seaports. TPI Polene Power … [Read more...] about Resort real estate 2019: emerging markets
Hoa Binh becomes new aiming point for resort real estate investors
VietNamNet Bridge – While the real estate market in general remains lackluster, the resort real estate market in Hoa Binh, a mountainous area near Hanoi has been heating up. Being one of the two greatest urban centers and economic centers in Vietnam, Hanoi has a high demand for resort real estate sites near the inner city. The rapid development of resort real estate has turned neighboring areas, like Soc Son, Dai Lai, Son Tay and Ba Vi into resort real estate satellites. However, as the centers have become cramped, Hanoians have to look for a new center, and Hoa Binh has become the favorite destination. Hanoians flocking to Luong Son Luong Son is a district of Hoa Binh province, contiguous to the expanded Hanoi. The land area, in the thoughts of many people, is a remote mountainous area. However, in fact, as the Highway No 6 has been upgraded, Luong Son has become nearer. Nearly ten years ago, some Hanoians once came to Luong Son to seek large land plots to build … [Read more...] about Hoa Binh becomes new aiming point for resort real estate investors
Resort real estate market heats up again
VietNamNet Bridge - Enjoying a boom in 2006-2007, then witnessing a decline in the following years, the resort real estate market has heated up again, especially in Phu Quoc, Nha Trang and Ba Ria – Vung Tau. Investors began heading for the island of Phu Quoc in 2008, but only in 2014 did they kick off many investment projects after the state laid down policies and developed infrastructure items. They have been encouraged by the fact that Phu Quoc will become a special economic zone with preferential policies, and that VND5.8 trillion will be invested to develop the transport system on the island. An international passenger seaport with total investment capital of VND1.6 trillion, which kicked off in April 2015, is expected to become operational in 2017. The national electricity grid has reached out to the island with the underground cable system. According to the Phu Quoc Island Investment and Development Management, by November, Phu Quoc had attracted more than 200 investment … [Read more...] about Resort real estate market heats up again