Recently, resort real estate market started booming with diversified series of products launched by many real-estate “giants”. This kind of product not only satisfies the demand for recreation, but also becomes an attractive profitable investment channel. Moreover, customers are committed to enjoy the profit rate ranging from 8% to 10% in years when participating in sublease programs. This is one of the new attractive policies which are first applied for resort real estate.
This explosion is prominent in Phu Quoc – the charming "Pearl Island" of Vietnam’s tourism. With its prime location, Phu Quoc is conveniently connected with many major cities in the ASEAN region with flight time of only about 2 hours. In addition, Pearl Island is also favored by nature for tourism with warm sunshine all year round, long and beautiful beaches. In particular, Pearl Island is hardly affected by storms since it locates entirely within the bay.
Besides these advantages, in recent years, Phu Quoc’s infrastructure has also been heavily invested. The trillion dong works have brought a new face to the island, from the 3 trillion dong international airport, the arterial roads with total investment of 5,776 billion dong such as North-South axis, or roads surrounding the island, to 2,336 billion dong Ha Tien – Phu Quoc grid, or 1,664 billion dong international tourism port, etc.
Trillion dong game of the “giants”
Therefore, Phu Quoc resort real estate is a trillion-dong “game” of many real estate giants, including CEO Group, Vingroup, Sungroup, Bim group, etc.
Vingroup is considered a pioneer when they have invested trillions dong to develop 300-hectare Vinpearl Phu Quoc resort complex in Bai Dai beach, Ganh Dau commune with total investment of 1 billion USD. In November 2014, phase 1 of the project had finished after 10 months of construction with about 750 rooms, modern entertainment center and 27-hole golf course of international standard.
Especially, at the beginning of the year, Vingroup vibrated the resort market by offering Vinpearl Premium villas with 847 seashore villas to the market, most of which located in Phu Quoc. The group is carrying out many other large projects in Phu Quoc such as 150 million USD 500-hectare Safari Zoo, 1,664 billion dong international tourism port, etc.
CEO Group is also one of the enterprises who have aggressively invested in Phu Quoc to catch "the market wave". Despite its motto of sustainable real estate development and methodical pathway, in 2015, CEO Group has poured trillions dong into the Pearl Island and will continue to invest in its large potential projects in Phu Quoc.
Owning three major projects with a total of 300 hectares of land in Phu Quoc, CEO Group is now one of the strongest resort developers in Phu Quoc. Currently, Sonasea Villas & Resort project is one among projects with the best progress in Phu Quoc island. The project’s phase 1 of 7.1 hectares and Novotel Phu Quoc Resort including 400 rooms and beachfront villas are in the process of completion, preparing for inauguration later this year.
If Vinpreal is synchronously developed in the North, Sonasea Villas & Resort has the best progress in the Southwestern. This project locates conveniently at the center of Bai Truong beach, which is only 5 minutes from international airport and 10 minutes from the center of Duong Dong town by car.
According to CEO Group, the resort categories will be completed later this year. At present, the shophouses, Sonasea Villas are under construction. It is expected to provide the market with hundreds of products at reasonable prices and various attractive incentives in October.
This investment “wave” also involves several other giants. Despite its slow step, Sungroup recently announced investment and commencement of Hon Thom complex project with cable hanger, marine recreation, leisure and resort which worth 10.000 billion dong. Long Dien Real Estate JSC has invested in Grand World Phu Quoc luxury resort with total investment of over 4,600 billion dong. Tran Thai Group also owns the Shells Resort at Ganh Gio, or Bim Group owns about 150ha of land, etc.
These existing and upcoming projects mean more attractive investment opportunities to investors in Phu Quoc. This is also the reason leading to the massive investment to the island in recent years.
                                                                                                                                                                                                                 Gia Bao   
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