PHU QUOC’S REAL ESTATE SPEEDS UP
As a result of the infrastructure improvement and the presence of large enterprises, Phu Quoc is becoming the hot spot for resort real estate investment.
Sonasea Villas & Resort
Phu Quoc has been considered as one among three most potential islands for tourism in Southeast Asia for a long time, comparable to Thailand's Phuket and Bali in Indonesia. Therefore, Phu Quoc has become a magnet for attracting huge investment flows from the leading enterprises in Vietnam’s real estate sector.
Investment hotspot
Phu Quoc capital inflow has really exploded after the investment "knots" were removed. The new airport went into operation, received larger aircraft and more flights, including international flights from China, Singapore, Russia and Cambodia. The 51km arterial route through the island has been basically completed, while the road around the island and the byroads are also being constructed. The grid has been pulled from the mainland to the island, replacing the previous costly oil-run electricity system. The improvement of infrastructure system, combining with Government’s preferential policies on land rental fees, corporate income tax, and visa exemption for foreign tourists has stimulated investment to Phu Quoc.
Investment hotspot
Phu Quoc capital inflow has really exploded after the investment "knots" were removed. The new airport went into operation, received larger aircraft and more flights, including international flights from China, Singapore, Russia and Cambodia. The 51km arterial route through the island has been basically completed, while the road around the island and the byroads are also being constructed. The grid has been pulled from the mainland to the island, replacing the previous costly oil-run electricity system. The improvement of infrastructure system, combining with Government’s preferential policies on land rental fees, corporate income tax, and visa exemption for foreign tourists has stimulated investment to Phu Quoc.
Hotel Novotel Phu Quoc Resort under Sonasea Villas & Resort tourism complex
The real estate and travel consultants share the same opinion that Phu Quoc fully possesses features of an attractive marine tourism place. "Pearl Island" not only has year-round sunshine with many beautiful beaches such as Bai Dai, Bai Truong, Bai Khem and immense virgin forests, but is also blessed with a strategic location which takes only 1-2 hours by flight from the key tourism markets in Southeast Asia.
Both investment and tourism in Phu Quoc has entered into the acceleration phase. By the end of July 2015, Phu Quoc has attracted nearly 200 projects, including 136 projects being implemented in the area over 5,100ha, with total registered capital of 6.5 billion USD. The completion of only some among these projects will make Phu Quoc become a leading tourism destination in Vietnam, ahead of Da Nang and Nha Trang, competing with top destinations such as Phuket and Bali.
With an early presence in Phu Quoc, the large enterprises such as Vingroup, Sun Group, CEO Group, BIM Group are implementing some very big projects, which change the appearance of the island. Among them, "the real estate giant" Vingroup has invested in many “great” projects such as: 300ha Vinpearl Resort in Bai Dai Beach, Safari Zoo and golf court complex of 2,000 ha, commercial complex on the old airport of over 80ha. Sun Group is building two resorts with a total of 1,000 rooms in the South of the Island and has just started to build a resort, cable hunger, marine entertainment complex in Hon Thom with total investment of 10,000 billion dong.
Both investment and tourism in Phu Quoc has entered into the acceleration phase. By the end of July 2015, Phu Quoc has attracted nearly 200 projects, including 136 projects being implemented in the area over 5,100ha, with total registered capital of 6.5 billion USD. The completion of only some among these projects will make Phu Quoc become a leading tourism destination in Vietnam, ahead of Da Nang and Nha Trang, competing with top destinations such as Phuket and Bali.
With an early presence in Phu Quoc, the large enterprises such as Vingroup, Sun Group, CEO Group, BIM Group are implementing some very big projects, which change the appearance of the island. Among them, "the real estate giant" Vingroup has invested in many “great” projects such as: 300ha Vinpearl Resort in Bai Dai Beach, Safari Zoo and golf court complex of 2,000 ha, commercial complex on the old airport of over 80ha. Sun Group is building two resorts with a total of 1,000 rooms in the South of the Island and has just started to build a resort, cable hunger, marine entertainment complex in Hon Thom with total investment of 10,000 billion dong.
Sonasea Villas & Resort spreading nearly 1km along the seashore at Bai Truong center (Phu Quoc)
Identifying that Phu Quoc will become the most attractive real estate market and tourism destination in Southeast Asia in near future, CEO Group quickly took opportunities to invest into the island right from the real estate market crisis. With 3 projects with a total area of 300ha, CEO Group is one of three largest project owners in "Pearl Island".
Attraction from resort real estate
On the viewpoint “this is the best time to invest in Phu Quoc," CEO Group has accelerated the investment and construction of Sonasea Villas & Resort complex. The project has a total investment of 4,500 billion dong and is located on an area of over 80 hectares along the seashore of Bai Truong center. This is one among the projects with best location on the island with beautiful beaches and close distance to the airport and the town’s center with only 5-10 minutes by car. The project's infrastructure system has basically completed. The first category, Novotel Phu Quoc Resort with 400 rooms, will be launched later this year.
To satisfy the remarkably growing demand for resort real estate, CEO Group will offer thousands of commercial shophouses and villas for sale. In particular, shophouses are being built and attracted great interest of individuals and investors when almost all products have been registered for purchase.
In meeting the huge demand, CEO Group will continue to launch the new product – resort villas. In October in Hanoi, the Group will offer for sale the resort villas located next to the Novotel hotel. Each villa will have private garden and pool, with 2-4 bedrooms on a total land area of 270-713m2. With very competitive prices compared to other projects on the island, the resort villas are attracting great interest from customers, especially on Hanoi market.
Attraction from resort real estate
On the viewpoint “this is the best time to invest in Phu Quoc," CEO Group has accelerated the investment and construction of Sonasea Villas & Resort complex. The project has a total investment of 4,500 billion dong and is located on an area of over 80 hectares along the seashore of Bai Truong center. This is one among the projects with best location on the island with beautiful beaches and close distance to the airport and the town’s center with only 5-10 minutes by car. The project's infrastructure system has basically completed. The first category, Novotel Phu Quoc Resort with 400 rooms, will be launched later this year.
To satisfy the remarkably growing demand for resort real estate, CEO Group will offer thousands of commercial shophouses and villas for sale. In particular, shophouses are being built and attracted great interest of individuals and investors when almost all products have been registered for purchase.
In meeting the huge demand, CEO Group will continue to launch the new product – resort villas. In October in Hanoi, the Group will offer for sale the resort villas located next to the Novotel hotel. Each villa will have private garden and pool, with 2-4 bedrooms on a total land area of 270-713m2. With very competitive prices compared to other projects on the island, the resort villas are attracting great interest from customers, especially on Hanoi market.
P.V
See Original here
See Original here