Best Western Premier Sonasea Phu Quoc is one of the most sought condotel projects in the second half of 2017. Following the success of the launching ceremony in Hanoi, on August 6, CEO Group officially introduced the project to investors in Ho Chi Minh City.
 
While the condotel market in Nha Trang and Da Nang is showing signs of saturation due to large supply, Phu Quoc is becoming a promising land, which attracts great interest of experienced investors nationwide in general and in HCMC in particular.
The beautiful natural scenery embellished with white sandy beaches, pristine forests and the favorable conditions with stormless warm climate year-round not only makes Phu Quoc an ideal destination for vacation, but also promises high and sustainable profits for investors.

 

The launch of Best Western Premier Sonasea Phu Quoc in Ho Chi Minh City attracted a great number of investors.

Phu Quoc tourism is growing at amazing speed. Last year, the island welcomed 1.45 million visitors, increasing by 63% over the same period of previous year. In 2017, Phu Quoc targets to welcome 1.8 million tourists, in which focus will be given to international visitors with an expected growth rate of 43% and target number of 300,000 visitors.
 
Golden opportunities for condotel investment
While the demand for resort tourism is increasing, the number of luxury accommodations in Phu Quoc is still below the demand. Most of hotels are small. However, in the past two years, the island has welcomed a number of international standard projects such as Novotel Phu Quoc Resort, JW Marriott, raising the total number of 3-5 star hotel rooms on the island to 2,500 rooms.

Condotel products of CEO Group are offered at the time of scarcity, which quickly makes Phu Quoc market explore

 
Spectacular tourism growth in the context of modest supply is opening a golden opportunity for development of resort real estate in Phu Quoc. The resort villa projects are quickly becoming the ideal choice for investors who are eager to enjoy high-end holidays in their own home in a paradise island while looking for investment opportunities with high and sustainable profitability.
However, only Best Western Premier Sonasea Phu Quoc is the condotel project that investors has expected for a long time. The simple reason is despite the desire to own resort real estate in Phu Quoc, their opportunity is almost zero if investors do not have at least VND4billion. Despite expensive price, these condotels are quickly run out of on the market due to the limited number of condotels, which is less than 1,000 units, compared with tens of thousands of condotels in Da Nang and Nha Trang.

Mr. Nguyen The Lam – Representative of CEO Group gave a speech at the ceremony

Appearing in the midst of "scarcity", it is understandable that Best Western Premier Sonasea Phu Quoc quickly wakes up Phu Quoc market. The project consists of 549 resort apartments and 16 villas each designed as a shining pearl on the dreaming Long Beach by Kume Asia – the Japan's leading architecture company.
While each villa is designed as a luxurious pearl with its own swimming pool and garden, the condotel block resembles a mollusk releasing pearl and each apartment is like a sophisticated "pearl", with Nu Indochina interior style which is delicate and polished to every detail. Each apartment has bedrooms, living room, kitchen with high-grade furniture.
The project is located in the 132-hectare Sonasea Villas & Resort complex with CEO Group as project’s owner. Among them, Novotel Phu Quoc Resort, Novotel Villas and the Sonasea Shopping Center have been put into operation, attracting large numbers of visitors everyday.

Sharing about investment opportunities in Phu Quoc

Operated by Best Western – a well-known hotel management group, the project which is located on a beach stretching for nearly 2 km with the most beautiful sunset view in Vietnam will quench the "thirst" for resort real estate following international standards. The special feature which is also the most attractive factor is that although it is invested following five-star standard, Best Western Premier Sonasea Phu Quoc is the first condotel project in Phu Quoc which focus on VND3 billion segment, up to 80% of which cost from VND2-3 billion.

Double benefits
With a 100% profit commitment in 10 years, Best Western Premier Sonasea Phu Quoc is currently the most profitable condotel project in Phu Quoc. More than that, investors can be assured of sustainable profitability in the future, which is attributed to the effective exploitation of resort tourism potential on this island.
Beside the rich natural resources, Phu Quoc’s attraction will increase significantly when a series of large-scale entertainment projects come into operation. The resort projects, large entertainment complexes, the longest sea-crossing cable car, the first casino which may allow Vietnamese gamers, etc. are formed in the North and South of the Island. In particular, international routes will be connected to Phu Quoc by various major airlines and travel agencies in many countries around the world from September 2017 such as TUI Nordic (Sweden), Thomson (UK), Alpitour World (connecting direct flights from Rome – Italy), Asiana and Korean Air (Korea), Bankok Airways (Thailand), Taiwan, Japan, 18 flights a week from Guangzhou (China). These flights will bring double benefits in that visitors from all over the world can easily come and go from Phu Quoc.

 
Professional consultants provide investors with deeper insights of the products and policies of the project’s owner

 
In the center of the island, Sonasea Shopping Center Phase I has been put into operation, opening up opportunities for individuals and businesses to provide catering and shopping services that contribute to diversify leisure activities in the Pearl Island. These utilities not only change the face of Phu Quoc, but also satisfy all the needs for shopping, relaxation, creating a "magnet" to attract and retain visitors.
Recently, at the discussion session on the draft Law on Special Administrative-Economic Units (called special zone in short), the Prime Minister gave his opinion on directing the creation of a superior institutional framework, which helps enhance competitiveness to the same level as other countries in the region and over the world. At the same time, the draft law should be amended by increasing the term of land allocation and use, allowing foreigners to own houses in construction investment projects for 99 years. These special mechanisms will really create favorable conditions for breakthrough development of Phu Quoc.
With impressive changes in a short time, real estate consultants believe that Phu Quoc has the potential to become one of Vietnam's top destinations in the next 3-5 years, and potentially a prominent destination of Southeast Asia. At that time, besides annual profits, investors of Best Western Premier Sonasea Phu Quoc will also benefit from the increased property values.