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Thursday, May 2, 2024 7:25:19 AM - Markets open
VN-INDEX 1,209.52 +4.55/+0.38%
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Resort real estate market bustling
vietnamplus.vn - 3/8/2016 10:13:33 AM
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Coastal cities in Vietnam will soon welcome a number of new resorts as many projects have been launched since 2015.

Projects include Vingroup’s Vinpearl resort chain, Grand World in Phu Quoc island invested by LDG group, Premier Village Phu Quoc Resort and Premier Residences Phu Quoc Emerald Bay from Sun Group, and FLC Villas & Condotel in Quy Nhon city.

Resort real estate is now an attractive investment channel, according to experts.

Savills Vietnam, a leading real estate service provider in Vietnam, asserts that the resort sector has attracted a number of investors from Hanoi and HCM City.

The market will continue to be optimistic as Vietnam is emerging as a new recreation destination and many foreign investors will expand their businesses in the country to take advantages of the Trans-Pacific Partnership deal.

In the first two months of 2016, the number of foreign arrivals to Vietnam reached 1.6 million, up 16 percent against the same period last year, according to the General Department of Statistics.

According to experts, the main factors luring foreign tourists to Vietnam include impressive economic growth, political stability and traffic infrastructure improvement.
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