The real estate market in coastal provinces has beautiful beaches, great potential for tourism exploitation, which is welcoming a large number of investors and capital inflows.
Real estate benefits when local potentials are exploited
The attractiveness of the exploitation of infrastructure for tourism industry has urged investors to aggressively seek real estate ownership opportunities in potential areas. Compared to before, now, the tourism real estate market has many options.
Marine exploitation provides opportunities for economic growth
Nearly 10 years ago, the tourism real estate market emerged with various types of apartments, hotels, villas, townhouses, and now there are more land plots in emerging markets. With the diversity of resort real estate products, it has created more conditions for investors to choose.
In particular, this period, thanks to the land plot segment, the market attracted strong cash flow of real estate investors because of the soft price and the ability to increase prices and profit margin was quite high.
Emerging marine real estate market areas have been noticeable in recent years, such as Quang Ngai, Quy Nhon (Binh Dinh), Binh Thuan, etc. Especially, a series of big names of real estate market in HCM City has quickly implemented projects in these new markets.
As in the Nhon Hoi area of Quy Nhon (Binh Dinh), up to now, there have been businesses in the real estate market such as FLC, Phat Dat, Hung Thinh, and DKR,... making this place a focal point to attract personal investment.
Then, 1,300 plots of Nhon Hoi New City project were ordered immediately after the announcement to prove that new markets such as Nhon Hoi attract investors.
Mr. Nguyen Hoang Son, Deputy General Director of Sales and Marketing of Danh Khoi Real Estate Company (DKR), said Nhon Hoi New City attracts investors because the products of this project were legally secure. Project development land is from the land auctioned under the call of socializing the process of building infrastructure and utilities in the locality.
According to experts, the increase in the price of real estate in Nhon Hoi will continue when the area has the advantage of complete transportation infrastructure thanks to a synchronous construction investment plan and at the same time, and is also the gateway adjacent to many domestic and international tourist attractions in Binh Dinh such as Ky Co, Cu Lao Xanh, Eo Gio,...
Many motivations for development
Economic development continues to be an important factor for investors to choose Binh Dinh investment, which is the driving force for real estate demand to grow. In the first 8 months of 2019, the industry is estimated to increase by 7.98% over the same period. Beside production and service development, it is also a new direction that Binh Dinh focuses on developing.
Develop infrastructure to boost the economy
Taking advantage of many beautiful landscapes and unique cultures, Binh Dinh is considered a great potential for tourism. Tourism development will facilitate the development of the entire service industry. In the first 8 months of 2019, the revenue from accommodation and catering services in the province reached VND 6,237.8 billion, up 18.7% over the same period, of which, accommodation service revenue reached 327.1. billion dong, increasing 22.3%; revenue from catering services reached VND 5,910.7 billion, increasing 18.5%. Revenue from travel services was estimated at 47.2 billion VND, increasing 18.6% over the same period.
It is forecasted that by 2020, Binh Dinh will welcome 5.5 million tourist arrivals, including 800,000 international visitors, the average tourist growth rate is more than 20% per year and will continue to increase when lowering inter-regional floors from road to air are interested in investing.
Tourism development means a large number of accommodations are needed. Meanwhile, Quy Nhon market is not much in terms of supply. In terms of geography, Quy Nhon is difficult to expand its land bank, because the East borders the sea, the West borders the mountains, the North is forming industrial parks, so the ability to expand the land fund is only again to the south, ie the area that is forming the Nhon Hoi Economic Zone. Therefore, when appearing on the market, Nhon Hoi New City was quickly welcomed by investors.
According to VTC