The trend of resort real estate investment is shifting from “red” areas to “green” areas, providing good opportunities for new investors to enter the market

Serve

Vietstock – Resort real estate investment trends shift from “red” to “green” areas, an opportunity for new investors to enter the market

Data released by the Ministry of Construction shows that by the end of 2023, as good transaction effects spread from central urban areas to urban areas with complete infrastructure, the real estate market will show many positive signs of recovery. It is worth noting that vacation real estate investment in the market is showing a trend from “red” areas to “green” areas in emerging potential areas and fully legal projects.

The trend of investing in resort real estate is affordable and legal

A report from the Vietnam Association of Realtors stated that in the third quarter of 2023, there were approximately 16 tourism and resort real estate projects for sale across the country, providing nearly 1,000 products to the market, doubling the number from the previous year. Compared to the previous quarter. According to the assessment of the Vietnam Institute of Real Estate Research (VIRES) research team, between 2024 and 2030, there will be many new developments in resort real estate, thanks to the recovery and development of tourism, the pioneer of Vietnam’s economy.

Experts say resort real estate remains a sought-after segment among international investors, M&A deals are still being signed, and the world’s leading hotel and resort management brands remain and continue to emerge. Projects with legal bottlenecks have been resolved, which has also enhanced market confidence.

In terms of investment trends, the market has noticed that clients are no longer focusing on overloaded “red” markets such as Phu Quoc, Nha Trang and Da Nang, but are instead turning to “green” areas with a lot of room for development and development potential. It has obvious advantages such as infrastructure and natural landscape.

Mr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, analyzed that while the market supply is still insufficient, the number of projects that meet the implementation conditions is smaller, so investors can be more picky than before. It has a superior location, complete legality and strong mining capabilities.

“In order to keep up with market tastes, investors can also flexibly change product development strategies and sales policies, and provide affordable investments so that more investors can easily access them. New customers entering the market can invest with cash flows below 20 Resort real estate product of VND 100 million, supporting value and payment schedule. The advantage for new investors is that the capital is not high and they can enter at the “bottom” stage of the market” – said Mr. Nguyen Van Dinh.

In fact, recent market shifts indicate that vacation real estate is increasingly broadening its target audience and diversifying its offerings. If in the past the market was mainly for products with large areas and high investment levels, which were the playground of “giants”, then now the market is increasingly rich and products with moderate areas have not too high investment costs and are suitable for most people. investors.

Rare advantages and the ability to develop customer flow

When evaluating the transaction prospects in 2024, which factor will receive more attention, a representative of a distribution unit said that the rarity of tourist resort real estate projects and the ability to develop passenger flow will be two factors that receive increasing attention.

Taking Van Don as an example, the region has attracted much attention due to its air gateway advantage of Van Don International Airport connecting the Northeastern region and the world. It is adjacent to the Vietnam-China border trade gateway. Bai Tu Long Heritage Bay and Aotian International Port lead to the island. Located next to these key projects in Van Don, there is currently a resort apartment belonging to the Van Don Crystal Holiday Harbor integrated project, which is considered a potential investment project with an affordable capital of just over VND 1.5 billion.

As a rare holiday apartment project currently on the market, Crystal Holiday Hotel Van Don Harbor is located on land adjacent to the heritage Bai Tui Long Bay. It is both “precious” and “rare”: the location is precious and rare. This comes against a backdrop of increasingly limited land funding for project development along the Gulf Coast. This is the first resort, entertainment, and business complex in Yuntun that is simultaneously invested in accordance with international five-star standards. It is designed with fashionable holiday apartments and 15 intelligent layouts to meet the needs of all investment, business, leisure, and work groups. It is in line with the trend of multi-experience resorts in green tourist areas.

From the perspective of development advantages, the project’s holiday apartments have the advantage of actively attracting a large number of tourists from Aotian International Port and Baizilong Bay, and the number of tourists has grown steadily year by year. Because by 2024, Quang Ninh Province aims to receive 17 million tourists and continue to promote investment in tourism and service projects. In particular, the province prioritizes investment in the development of national tourist areas, of which Van Don is one of the key tourist destinations.

According to investor representatives, the recent construction of the Crystal Holiday Harbor Yuntun project has been progressing steadily, and the legal procedures have been fully completed in accordance with regulations and is ready to open. It is expected to be officially sold in early 2024, ushering in a fall in housing prices. The cash flow and profits of the previous year are expected to reach a climax with the market recovery cycle and the prosperity of Quang Ninh tourism industry, with a series of exciting festivals to welcome the summer. Yuntun is even more motivated to break through and become a must-visit destination for domestic and foreign tourists.