PHU QUOC REAL ESTATE REAL ESTATE 2019 has grown strongly from Leverage TRAVEL

PHU QUOC REAL ESTATE REAL ESTATE 2019 has grown strongly from Leverage TRAVEL

With an increasingly complete infrastructure system, tourism development, "Phu Quoc pearl island" attracts many investors, especially resort real estate.

Phu Quoc resort real estate has many places
According to the report "Tourism Highlights 2018" by the World Tourism Organization of the United Nations, Vietnam is among the top 10 countries with the highest number of international visitors. This is evidenced by the statistics of the Vietnam National Administration of Tourism in recent years.

Specifically, in 2017, the number of international visitors to Vietnam reached 12.9 million, an increase of 29% compared to 2016, with a total revenue from tourism of VND 510,000 billion. Particularly in the first 10 months of this year, the country welcomed 12.8 million visitors, exceeding 22% over the same period in 2017.

Tourism development leads to increased accommodation demand. Many investors continue to pour capital into this market, especially coastal real estate.

However, according to experts, Vietnam is facing many challenges when supply has not met the demand for investment and development of high quality accommodation facilities. Compared to other popular tourist destinations in Southeast Asia such as Phuket (Thailand), the total number of products of domestic resort properties is still low. The number of luxury resorts integrated with entertainment services is not enough to meet and serve the domestic and foreign tourists, especially on Tet holidays.

From an investment perspective, experts say, this is a potential place for visionary investors to seize the opportunity to participate in the resort real estate market in tourist attraction areas. Most mid and high-end segment.

Therefore, in recent years, Vietnam resort real estate has witnessed the landing of many big men. In particular, Vingroup also marked the coastal villas with shopping complexes, golf courses, restaurants, amusement parks ... across the country.

"The wave of investment is coming quickly means that coastal properties are 'hot' day by day. The real estate market in Vietnam is seen as a fertile, potential land for real estate companies. domestic and foreign movers ", Vingroup representative shared.

Potential investment in resort real estate in Phu Quoc
According to the report of the third quarter of 2018 of CBRE Vietnam, although the supply increased strongly across the country, many resort real estate projects still recorded good absorption rates. In four major markets including Ha Long, Da Nang, Nha Trang, and Phu Quoc, the supply introduced to the market is about 30,000 hotel apartments (condotel), of which about 90% have been consumed.

In Phu Quoc, the resort segment still recorded positive developments in both absorption and supply rates.

CNN in a recent poll has put Phu Quoc in second place in the ranking of 20 pristine beaches in Asia, and compared Phu Quoc as a "second Phuket" that soon brought big profits for Vietnam. and the resort operator. This potential is seen through the beautiful landscape and perfect infrastructure owned by Phu Quoc.

Data from the Kien Giang Department of Tourism show that, in 11/2018, Phu Quoc welcomed more than 360,300 visitors, an increase of 62.4% over the same period. In particular, international visitors recorded nearly 32,400 arrivals, up 9.6%. Turnover reached VND 472.9 billion, an increase of 13.5%.

Infrastructure, the system of resorts are pouring capital continuously contributing to increasing competitiveness for this tourist destination. Room occupancy in Phu Quoc reaches over 69%, particularly the standard 3-5-star accommodation units reach over 80%.

The Government agreed on the policy of planning Phu Quoc Island into a special administrative and economic unit directly under the Central Government in recent years made this island district attract many domestic and foreign investors.

More and more big men are participating in Phu Quoc real estate market, a series of projects in turn appear, infrastructure - services are interested in developing. One of the outstanding projects is Grand World Phu Quoc by Vingroup investor.

Experts said that with the strong development of resort real estate and the participation of many new utility complex models, Phu Quoc promises to become the leading destination of Southeast Asia in the years next. The highlight of the resort complex lies in a fully integrated model of facilities such as sea villas, hotels, entertainment areas, Safari ... to meet the needs of rest and relaxation of visitors.

In 2019, Phu Quoc resort real estate promises a boom and strong growth!

Vnexpress