A series of second-home projects worth tens of billions of USD, mushrooming up along the coast of the country, show that building coastal resorts is now a top choice for investors.
A number of major second home projects are being carried out in northern provinces . They include the Long Chau Villas and Residences on Tuan Chau Island in Quang Ninh province, and the Song Gia Resort & Spa and the Cai Gia-Cat Ba urban area in Hai Phong city. With an investment capital of more than 1 billion USD, the Cai Gia-Cat Ba urban area is considered the biggest ecological tourism project in the north with all 90 villas in the first phase of the project having already sold out.
Meanwhile, the central and southern regions are well known for its Best Western Nha Trang Plaza in central coastal Nha Trang city, Ho Tram Sanctuary and Laguna Long Hai in Ba Ria-Vung Tau province, the Evason Hideaway on Con Dao Island and Long Thanh Golf Resort in Dong Nai province.
One of the most outstanding projects in the central region is the Hyatt Regency Da Nang Resort & Spa invested by Indochina Land in Da Nang city. Despite the sky-high prices of above 180,000 USD per apartment and 1.3 million USD per two-storey beachfront villa, many potential customers felt regret for being slow to buy.
These second home projects are attractive as they provide a relaxing atmosphere for families on weekends and vacations. And when not being used by the family, they can be made available for lease, according to investors’ analyses. Customers are ready to spend the last of their savings on their investment decision despite high prices.
In addition, many old people and retirees from developed countries move abroad for the lower cost of living, for tourism, and to escape hustle and bustle of the city. These are opportunities for project investors to recoup their capital and increase their income, they said.
CBRE Vietnam General Director Marc Townsend said that this series of coastal resorts and second home projects show positive sign for the future of the realty market in particular and Vietnam ’s economy in general.
With the recent, rapid economic changes and improved traffic infrastructure, beautiful coastal areas like Ha Long, Cat Ba, Da Nang , Phan Thiet, Nha Trang, Khanh Hoa and Con Dao are becoming resort paradises./.
A number of major second home projects are being carried out in northern provinces . They include the Long Chau Villas and Residences on Tuan Chau Island in Quang Ninh province, and the Song Gia Resort & Spa and the Cai Gia-Cat Ba urban area in Hai Phong city. With an investment capital of more than 1 billion USD, the Cai Gia-Cat Ba urban area is considered the biggest ecological tourism project in the north with all 90 villas in the first phase of the project having already sold out.
Meanwhile, the central and southern regions are well known for its Best Western Nha Trang Plaza in central coastal Nha Trang city, Ho Tram Sanctuary and Laguna Long Hai in Ba Ria-Vung Tau province, the Evason Hideaway on Con Dao Island and Long Thanh Golf Resort in Dong Nai province.
One of the most outstanding projects in the central region is the Hyatt Regency Da Nang Resort & Spa invested by Indochina Land in Da Nang city. Despite the sky-high prices of above 180,000 USD per apartment and 1.3 million USD per two-storey beachfront villa, many potential customers felt regret for being slow to buy.
These second home projects are attractive as they provide a relaxing atmosphere for families on weekends and vacations. And when not being used by the family, they can be made available for lease, according to investors’ analyses. Customers are ready to spend the last of their savings on their investment decision despite high prices.
In addition, many old people and retirees from developed countries move abroad for the lower cost of living, for tourism, and to escape hustle and bustle of the city. These are opportunities for project investors to recoup their capital and increase their income, they said.
CBRE Vietnam General Director Marc Townsend said that this series of coastal resorts and second home projects show positive sign for the future of the realty market in particular and Vietnam ’s economy in general.
With the recent, rapid economic changes and improved traffic infrastructure, beautiful coastal areas like Ha Long, Cat Ba, Da Nang , Phan Thiet, Nha Trang, Khanh Hoa and Con Dao are becoming resort paradises./.
