Investors tell the story of "surfing", winning a billion in the fever of Phu Quoc land

Many investors (investors) own their own houses at the central roads of District 1, District 3 (Ho Chi Minh City) by surfing the land of Phu Quoc in the time when the land is hot. That is the story told by insiders..

The fever of Phu Quoc land has passed but its "negative" remains forever. Because of the peak of land on this island, many investors have "won boldly" from money to several tens of billions, even hundreds of billions of dong in not long time.

An investor "revealed" the profit when buying a 1 billion plot of land at Duong Dong - Cua Can street, only after 2 months selling 14 billion VND for another investor. This price continues to rise in the following months in the same ground. Because of easy money making, the investor continued to put money into the land areas near the center of the town and the central area. Within 4 months of participating in the market, this investor collected 40 billion dong.

Phu Quoc used to be a place of historic fever, one day can increase land prices to several billion to several tens of billion dong

Another investor named V. currently owns a house in Nguyen Hue, District 1, Ho Chi Minh City - this is the result of the surfing investment in Phu Quoc Real Estate in early 2018. The investor said , seeing brothers pulling together to Phu Quoc to invest land, so the source of capital is more than 1 billion also "jumping" to try, unexpectedly after only a few months, the profit rate was many times making me "too hungry".

After about 4-5 months later, knowing the situation of the market showing signs of cooling down, I sold out and pulled out of the market. Buying more houses in District 1, Mr. V continued to use his idle cash flow to invest in land in the periphery, nearby Ho Chi Minh City.

Mr. Nguyen Van T, has 2 close friends to Phu Quoc to invest in land from the beginning of 2018. According to Mr. T, now one of these two people has owned a 120m2 frontage house at Ngo Duc Ke Street, Q .1 for more than VND 60 billion and 1 unit for more than 50m2 in District 3.

At the same time, there is capital to continue investing in real estate. Particularly, the second investor also "won a big victory" of over VND 20 billion thanks to the fever of Phu Quoc, but there is still a piece of land that has not yet been sold due to the investment right at the time when the government tightened the lot. Currently waiting for a good time to get out.

As noted, the fever of Phu Quoc land still remains negative until now when many investors own "profit" numbers up to tens of billions of dong, even hundred billion dong thanks to surfing. Besides, many investors are still "stuck" in this market when they have not yet found the goods. According to brokers selling land in Phu Quoc, the time of land fever is not only investors but also brokers bring about billions of land.

Some investors only bought and sold after 1 night, the profit amounted to several billion VND. At the peak of the market falling between January and February / 2018 according to brokers, investors simultaneously own many platforms and hand to other investors continuously for 1-2 months. Most investors come from Ho Chi Minh City, Hanoi and other provinces along Ho Chi Minh City. In particular, investors from Ho Chi Minh City surf the ground in Phu Quoc.

After the fever, many sensitive investors could withdraw from the market when there were signs of cooling down, these investors continued to own more properties in the center and the surrounding areas thanks to the "strong" cash flow from the surf Phu Quoc Real Estate.

Currently, the amount of investors coming to Phu Quoc is still very large with the main purpose of grasping the market and conducting field surveys

As noted, the current land transaction in Phu Quoc is still quite quiet. Land prices have not changed, in general, areas of bad land (bad planning, bad location, poor infrastructure, ...) prices have decreased by 2 - 4% compared to the previous month; public land continues to freeze; residential land, very good price (low price compared to the market) has transactions in the area of ​​large roads and centers.

Real estate resort types in the South Island, Bai Truong, ... goodwill piles have many but few real transactions, sale and advertising activities are still very active, expected resort products will boil floating in the first quarter of 2019.

Currently, the situation of land management, checking and checking still takes place all over the island, intensifying the treatment with plots of plots left planned in the whole island of Phu Quoc. Meanwhile, the amount of investors coming to Phu Quoc is still very large with the main purpose of grasping the market and conducting field surveys. Area of ​​interest with many investors is residential land - residential land in the neighborhood 10 Duong Dong town; Investors are probably waiting for a market push like the information of "Phu Quoc Casino" or "land conversion purpose, re-opening the land plot".

Ha Vy