Why did the cash flow silently invest in Bai Dai, Cam Ranh?
Why did the cash flow silently invest in Bai Dai, Cam Ranh?
Investors in real estate are looking to Bai Dai and Cam Ranh markets as a place to catch good profitability because of the potential of infrastructure and economy.
Why is Cam Ranh particularly interested?
Referring to Khanh Hoa, in addition to Nha Trang, Bai Dai - Cam Ranh is the area attracting special attention of real estate investors recently because of undeniable advantages. The goal of becoming a leading luxury resort center will probably soon come true when "catalysts" such as infrastructure, tourism centers and outstanding economic growth are creating momentum for real estate market here.
About infrastructure story,
Bai Dai - Cam Ranh is "changing skin every day" with a series of traffic works, the highlight is runway No. 2 into Cam Ranh International Station with an investment of VND 1,900 billion.
The appearance of the Cam Ranh Airport international terminal came into operation in mid-2018, creating momentum for the property here. The project meets capacity of up to 4.8 million passengers per year and reaches the target of 8 million passengers per year by 2030.
Ms. Duong Thuy Dung, Senior Director of CBRE Vietnam said that the real estate market has developed significantly in some areas thanks to the traffic connection with the airport project. Investment and trading activities here are also more active than other areas. In fact, the market shows that the projects located at the gateway of the international airport are always welcomed by buyers, because these places have fast growth in trade and services. The selling price is always higher than the inner city.
About tourism potential,
Undeniably, Cam Ranh is greatly benefiting from the advantageous natural advantages and long beaches.
According to Khanh Hoa Tourism Department, by the end of 2018, the province has welcomed about 6.3 million visitors. In particular, international visitors are about 2.8 million, an increase of 138% over the same period and domestic visitors about 3.5 million, an increase of 102% over the same period in 2017. Long-term stay and coins directions increase gradually over the years.
Only in the second quarter of 2018, leisure and recreation projects in Cam Ranh reached an average operating capacity of 75% and most of them were in the 5-star category. This is one of the factors promoting luxury resort tourism in Cam Ranh.
Unlike Nha Trang, Bai Dai - Cam Ranh, it benefits from a clean, wide land fund and a long-term development policy orientation of the province. If Nha Trang land fund is gradually shrinking and the potential is almost completely exploited, Bai Dai - Cam Ranh is considered an emerging market, expanding opportunities for real estate investors. The beach of more than 20km into the group of the most beautiful beaches on the planet and pristine islands like Binh Lap, Binh Ba and Binh Hung ... are great opportunities to develop real estate for tourism.
Not to mention, according to the general planning of construction of Cam Ranh bay area till 2025, this place will develop into a commercial, service, industrial, transport hub, a marine tourism center of the region and international.
As of early 2018, Cam Ranh has 45 projects in an area of 1,681ha which are granted investment certificates, with a total registered capital of approximately VND 28,000 billion. In particular, 31 projects have been granted construction permits and are under construction.
According to industry experts, thanks to infrastructure, nature and policies of the province's development orientation, Bai Dai - Cam Ranh is the choice of many investors. The dizzying development of segments such as resorts, condotels, villas, townhouses, shophouses, land plots .... demonstrate potential and demand is growing strongly in this market.
"Underground wave" real estate hunting at Bai Dai - Cam Ranh
According to a representative of a trading floor in Cam Ranh, the type of real estate associated with land such as townhouses, villas and shophouse is attracting the most investors. This segment has the advantage of long-term ownership, stability and high liquidity plus an increase in the price of infrastructure.
Highlights at Bai Dai, Cam Ranh, Para Grus beach house project received much attention from investors
According to the assessment of the Khanh Hoa Real Estate Brokerage Association, the line of townhouses is one of the bright spots in Cam Ranh real estate market. In quarter 3/2018, land plot projects are the preferred investment channel of secondary investors and have the highest successful transactions in the market. The land fund on the beach area near Bai Dai and Nguyen Tat Thanh boulevards has almost become a hot spot on the resort real estate map in recent years.
The demand for profitable investments and the tendency to own "the second house" has become the driving force behind the real estate market here. Many real estate giants such as Cam Ranh, Vingroup, Hung Thinh, Eurowindow, etc. also flock here, promoting Cam Ranh real estate market to change positively.
According to Mr. Duong Duc Hien, Director of housing business in Northern and Central Savills Vietnam, customers are now inclined to return to pure real estate products such as sea villas and marine apartments. , resort villas, town houses.
The reason is that the nature of derivative products is usually only trend, over time, there are products that will be eliminated, there are also products that will change to suit tastes, coins. direction and development of the economy.
Forecasting the resort real estate market in 2019, Mr. Nguyen Van Dinh, Vice Chairman of Vietnam Real Estate Brokerage Association, said that Vietnam is a country with advantages and opportunities for tourism development and the proportion of visitors. Tourism grows year after year.
“These are the factors that create trust for customers and promote exciting real estate investment activities. Successful transactions in 2019 on resort real estate products will surpass 2018, ”Mr. Dinh emphasized.
TTDN
