According to the industry, after a period of continuous hot growth, the familiar real estate resort market such as Da Nang, Nha Trang, Phu Quoc gradually stabilized. Money flows have shifted to other areas that have been developed to catch up.
CBRE Vietnam senior director Duong Thuy Dung said that for marine tourism real estate, the markets have the potential to develop almost equally because of the favorable nature of the island. Especially the markets in South Vietnam, where the climate is suitable for sea tourism. However, some of the more prominent markets such as Da Nang or Nha Trang due to the connection of traffic, especially international airports, should attract more international visitors. That is also the reason why over the years the resort products are more focused in these markets.
Dung also said that in the past two years, real estate has witnessed the rise of secondary markets such as Phu Quoc, Phan Thiet and Ha Long. Hotel occupancy rates in these markets are showing better performance as they are under pressure on supply.
Many other ideas also said that the resort real estate market is developing in general and Mui Ne – Phan Thiet in particular promises to grow stronger in the context of international visitors to Vietnam still The potential for growth compared to other cities in the region. In 2017, Vietnam welcomed nearly 13 million international visitors. By September, 1818, there were more than 12 million visitors, and the preferred destinations were the coastal tourism cities in the Central Coast.
According to Mauro Gasparotti, Director of Savills Hotels Asia Pacific, the Vietnamese market is being seen differently for international tourists, if they previously viewed Vietnam as an experienced tourist destination. with a low return rate, Vietnam is now considered a destination for longer-term holiday travels, and is worth returning several times.
In addition, people’s incomes are increasing, so domestic tourists are able to pay more. According to World Bank statistics, Vietnam’s average income growth rate ranks second in Southeast Asia. The increased spending has the effect of resorting to resort demand, instead of finding a 2-3 star hotel, people are more willing to go to more upscale hotels. At the same time, there is a need to buy resort property to exploit sublease because of seeing great potential for this segment.
In fact, since 2005 there have been sea villas for sale first in Mui Ne. But before the rapid development of new hot spots, Mui Ne "slow down" more than one step. The main reason is that this area has not invested in infrastructure development properly. However, in the last few years, transportation infrastructure to HCMC’s proximity markets and potentialities such as Phan Thiet or Ho Tram, Vung Tau have been more convenient.
At the provincial investment promotion conference in April 2017 and orientation development planning to 2020, Binh Thuan will become a center for tourism and marine sports to the national level. With long coastline along with unique landscapes, luangprabangs.info Mui Ne – Phan Thiet in Binh Thuan has become a tourist destination attracting many domestic and international tourists. Average annual visitors to Binh Thuan increased from 12 to 14%, revenue from tourism also increased from 19 to 20%. With such an impressive growth rate, Binh Thuan targets to attract 7 million visitors each year. Of which 850,000 international visitors, the average growth of domestic tourists from 10-12% per year, international visitors from 12 to 14% per year.
In order to realize this goal, the transport infrastructure system is developing and the inter-regional connectivity is quickly and conveniently. Coastal links connecting Phan Thiet with tourist centers have been fully invested. Long Thanh Dau Giay expressway has significantly shortened its travel time from Ho Chi Minh City to Phan Thiet. It is expected that in 2019, when the Dau Giay – Phan Thiet expressway with a total capital of more than VND 18,000 billion will be put into operation, this time will be shortened to about 1.5 hours. Together with the project of Vinh Hao – Phan Thiet Highway, which is 113 km long and expected to be completed in 2021, will open a big opportunity for the resort real estate.
In addition to expressways, the Phan Thiet Airport project with a total investment of VND5,600 billion has been started, with the first phase expected to be operational by 2021-2022. At the airport, the number of domestic and international tourists coming to Phan Thiet is expected to continue to grow. This strong growth is not only a good sign for the tourism industry but also opens up opportunities for the real estate sector to resort to tourism.
Another potential factor for the Phan Thiet market is that the number of existing resorts in Phan Thiet is not as great as other markets, if any, most of them have been built since around 2005, Only 1-2 projects and large or five-star projects are almost nonexistent.
Taking advantage of this potential, the "big" Novaland real estate has quickly been present in Mui Ne with project NovaHills Mui Ne resort & villas – resort villas on the road "resort capital" with two frontage road Huynh Thuc Khang – Vo Nguyen Giap. With the investment, NovaHills Mui Ne promised to be the focus of the real estate Mui Ne resort when officially launched.