Phu Quoc resort real estate entered the new race

Being classified into the group of areas with the most developed resort real estate market, in recent times, Phu Quoc market has constantly created new echoes when this place appears new projects, scale from big investor.

Infrastructure and grandfather

Formerly a relatively untouched resort destination, Phu Quoc has experienced strong growth over the past few years with some of the nation's largest developers targeting the island. But around the middle of 2018, the Phu Quoc real estate market slowed down due to land inspections and reviews plus backward information through the Special Zone Law. However, after only a few months, the housing market of Phu Quoc has stabilized with the number of purchase and sale transactions increasing rapidly.

According to observers, along with infrastructure investment is synchronous and complete, the appearance of many big men also has a positive impact on the market. Because the appearance of these businesses not only strengthens the belief in positive developments in the market but also opens up many opportunities for investors who are looking for stable and profitable products instead of risking. Surf the ground.

Mr. Thinh, a broker at the island of Ngoc, said that the fact that the big boys constantly invest in this market is the best proof for real estate, which is still very attractive. Besides the "big effect", the infrastructure is also considered a lever to create a resilience for Phu Quoc real estate.

Accordingly, transportation and infrastructure in Phu Quoc are being invested and developed strongly. It is expected that by 2020, the transport system connecting the tourist sites in the mainland and on the basic island will be completed. Passenger transport routes are increased. Particularly, air routes are having a frequency of 20 flights per day, connecting Phu Quoc with other provinces in the country and surrounding areas, creating conditions for tourists to visit and relax more easily.

Besides, according to the resolution "Tourism development of Kien Giang province to 2020 and orientation to 2030" of the provincial Party Committee of Kien Giang province, by 2020 the locality will have about 21,200 rooms built and upgraded, contributing to attract 650,000-700,000 international visitors and 8.4 million domestic tourists. Tourism revenue is expected to reach VND 19,400 billion and contribute 10% of the provincial GDP.

Optimistic in the future

Experts said that Phu Quoc real estate has developed strongly in recent years not only because of external impacts but also the market itself has its own advantages. The participation of major investors as mentioned above once again affirms to the judgment, Phu Quoc has brought full potential to keep the market attractive.

Phu Quoc has a rare advantage with 135 km of coastline with many beautiful beaches, rich primeval forest system, fresh water source available, beautiful natural landscape and especially warm sunshine all year round and no storms. .

If before, the incomplete transport infrastructure was the weak point of this island, the current 110KV underground cable route crossing Ha Tien - Phu Quoc sea brought the national grid to the island. The main road of South - North of Phu Quoc Island more than 50km has been completed and the first 50km of the roundabout route is under construction. The ability to connect from mainland to Phu Quoc is not only by sea but also by air. At the end of 2012, Phu Quoc international airport was put into operation, replacing the old airport, effectively exploiting many domestic flights. Recently, the island has more international routes from Russia, Singapore and Thailand.

Mr. Rudolf Hever - Director, Savills Hotels Asia - Pacific, Phu Quoc has the potential to become one of the top destinations of Vietnam. It can also become a prominent destination for Southeast Asia.

Easily feel the change of meat every day of Phu Quoc when becoming a strategic investment of big men like Vingroup, Sungroup, CEO Group, Bim Group ... High-class international services are formed. such as Vinpearl Phu Quoc, Novotel Phu Quoc, Emerald Bay Resort & Spa, JW Marriott Phu Quoc, ...

The most notable is Vingroup. According to data from Phu Quoc Economic Zone Management, the investment capital "poured" by Vingroup into this locality amounted to VND 50,000 billion. Vingroup currently owns a lot of land with prime location "view" towards the sea, especially Vinpearl Phu Quoc resort complex at Bai Dai, one of the 10 most beautiful and wild beaches in the world.

With the total area of ​​over 900 hectares, Vingroup has built a 1,100-room resort, more than 1,000 villas, golf courses, Vinpearl Land park and Vinpearl Safari semi-wild animal park here.

In particular, the 37-hectare Casino project is assessed to be a key point to attract the upper-class segment to visit the island and resort in the future. At the same time, Vinpearl Phu Quoc Resort with a scale of nearly 900 hectares will be an impressive architectural highlight of Vingroup.

Big names like Vingroup not only bring more choices for investors but also bring a more complete experience for tourists during the stay instead of the resorts that are operating independently like today. .

Anh Duong