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Signs of improvement in the resort real estate market

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Resort real estate is moving to emerging potential areas – perspective photo
The trend of investing in resort real estate is affordable and legally sound

A report from the Vietnam Real Estate Brokers Association said that in the third quarter of 2023, the whole country had about 16 tourism and resort real estate projects for sale, providing nearly 1,000 products to the market, double the number compared to the previous year. with the previous quarter. According to the assessment of the Vietnam Institute of Real Estate Research (VIRES) Research Team, in the period 2024 – 2030, resort real estate will have many new developments thanks to the recovery and development of tourism.

Experts say that resort real estate is still a segment sought after by international investors, resort real estate M&A deals are still being signed, and reputable hotel and resort management brands are still being signed. The world’s leading maintains and continues to appear. The removal of difficulties from projects with legal bottlenecks also creates more confidence in the market.

Regarding investment trends, the market recognizes that customers tend to choose areas with a lot of room for exploitation and development, complete infrastructure, and many advantages in natural landscapes.

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Resort apartments with prime, affordable locations in areas rich in tourism potential are considered a positive segment of the market – perspective photo

Mr. Nguyen Van Dinh – Chairman of the Vietnam Real Estate Brokers Association analyzed that in the context of the market still lacking supply, the number of projects eligible for implementation is small, so investors can be more selective in their projects. The project has a good location, complete legal status, and abundant exploitation capacity.

“Keeping pace with market tastes, investors are also flexible in changing product development strategies and sales policies with affordable investments, easily accessible to a larger number of investors. New customers entering the market can invest in resort real estate products with cash flow of less than 2 billion VND, value and payment schedule are supported. The advantage of new investors is that even if their capital is not high, they can enter at the ‘bottom’ stage of the market,’ Mr. Nguyen Van Dinh said.

In fact, the recent market shift shows that resort real estate is increasingly expanding its target audience and diversifying its products. If in the past, the market was mainly products with large areas, large investments, and the playground of ‘giants’, now the market is increasingly rich with products with moderate areas, Investment costs are not too large, suitable for the majority of investors.

Rare advantages and the ability to exploit customer flows

Assessing the transaction prospects in 2024, which factor will receive more attention, a representative of a distribution unit said that the rarity and the ability to exploit the tourist flow of tourism resort real estate projects will be two factors. receiving more and more attention.

For example, in Van Don, the area is attracting attention by holding the advantage of the sky gateway connecting the Northeast region to the world through Van Don international airport, adjacent to the Vietnam – China border trade gateway. Perfect connection by highway, with Bai Tu Long heritage bay and Ao Tien international port to the islands. Located right next to these key projects of Van Don, there is currently a resort apartment belonging to the Crystal Holidays Harbor Van Don complex project, which is considered a potential investment project.

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Resort apartment on the bay, next to Crystal Holidays Harbor Van Don promises to be a place to welcome a huge stream of visitors to Van Don every year – perspective photo

As a resort apartment project, Crystal Holidays Harbor Van Don is located on land adjacent to the Bai Tu Long heritage bay, valuable in location and rare in visibility in the context of coastal land fund for project development. less and less. This is a resort, entertainment, and trade complex invested synchronously according to international 5-star standards, designed with trendy resort apartments with 15 smart layouts to meet both investment, business, and vacation needs. The resort combines work for all groups of guests and is consistent with the trend of multi-experience resorts in green tourism areas.

Regarding exploitation advantages, resort apartments promise to have an abundant source of visitors to Ao Tien International Port and Bai Tu Long Bay every year. Especially when in 2024, Quang Ninh aims to welcome 17 million visitors and continue to promote investment attraction in tourism and service projects. In particular, the province prioritizes investment in developing national tourist areas, of which Van Don is one of the key tourist destinations.

According to the investor’s representative, recently the construction progress of items at the Crystal Holidays Harbor Van Don project has been stable. The project promises to anticipate the recovery cycle of the real estate market and the boom of Quang Ninh tourism with a series of exciting festival activities to be held.
Source: Vietnamnet (https://vietnamnet.vn/tin-hieu-khoi-sac-cua-thi-truong-bat-dong-san-nghi-duong-2235215.html)

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