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According to experts, tourism and resort real estate are the segments that many investors are interested in because of the potential for development and sustainable profitability. Especially when our country is gradually recovering from the COVID-19 pandemic, people tend to look to tourist or ecological areas. The areas with fresh air, which is good for health, are increasingly focused.
Determine the investment market
Travel and resort real estate in Vietnam have gradually become a bright spot in the investment market. Deputy General Secretary of Vietnam Real Estate Association, Vice President and General Secretary of Vietnam Real Estate Brokers Association – Mr. Nguyen Van Dinh affirmed: Because of advantageous geographical location and abundant natural resources with numerous historical sites and landscapes from North to South, our country’s tourism development potential of is vast.
For example, Quang Ninh participates in the list of localities with complete tourism ecosystems. Among the total real estate products for tourism and resorts in the country, Quang Ninh accounts for nearly 10% of them. This place is considered a “low-lying” area to attract investment from many big players such as FLC, Vingroup, Sun Group, Bim Group, etc.
Or Hai Phong – “New Star” is rising – the only locality that has five types of traffic (such as airports, sea, train, highway,…) in the northern coastal area. In particular, leverage promotes the tourism and resort real estate market in Hai Phong to develop. A strong breakthrough is the project to implement the construction of coastal roads.
According to Prime Minister’s Decision 147 and the tourism economic development strategy, this includes the task of taking advantage of geography and fully exploiting potential. Mr. Dinh and experts believe that by 2025, Vietnam will be honored to be present among the top 30 powerful powers with the strongest economic competitiveness in tourism on the planet. At the same time, by 2030, Vietnam will strongly reach the Top 10.
Attract potential investors’ capital into tourism and resort real estate in Vietnam
After more than 2 years of being heavily affected by the COVID-19 pandemic, the resort real estate market in Vietnam is currently restarting. In addition, Vietnam is ready to reopen and welcome international guests, creating conditions for tourism real estate to welcome new waves of investment in a “new normal” state.
Currently, international and regional cooperation agreements (CPTPP, RCEP, EVFTA, UK FTA, ASEAN, etc.) have come into implementation and dragged large operating capital. Real estate in general and resort tourism real estate in particular will benefit from this capital operation. The market for investment in tourism real estate in Vietnam is considered by international organizations to have great potential. The profit rate can reach 35%.
In the recent fox of DKRA Vietnam, the resort real estate segment witnessed the excitement of some types, such as resort villas, villas, penthouses, and resort shophouses, in the first quarter of 2022. Compared to the same period last year, supply and consumption were on the rise.
Specifically, in the first 3 months of 2022, the segment of resort villas across the country recorded 12 projects for sale, supplying the market with 1,020 units, equal to 59% compared to the previous quarter but an increase of 4% compared to the same period last year.
The consumption rate on the new supply reached 57% with 579 units sold, equal to 46% compared to the 4th quarter of 2021 but increased by 2.3 times compared to the same period in 2021.
CBRE forecasts that, along with the prosperity of the tourism industry, the resort real estate market will also “return to the track” after two years of fighting with the COVID-19 translation. Many projects are expected to be put on the market for sale this year to quickly catch the rapid and sustainable momentum of resort tourism. as well as creating motivation for the growth of the resort real estate market in the following years.
The trend of branded resort real estate is growing, particularly with the participation of large brands to improve project quality, attract capital inflows, and increase the value of investment assets in a long-term drought.
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