With the opportunity to become the "first island city in Vietnam" and many policies to promote economy and tourism, Phu Quoc is becoming one of the most attractive and worth-to-visit tourist destinations of Asia. The real estate market in this Island is also quickly entering a new cycle.
Motivation helps Phu Quoc Real Estate enter the new "wave"
Recently, the People's Committee of Kien Giang Province has issued a dispatch on collecting voters' opinions on the Scheme of establishment of Phu Quoc city. According to many experts, with the great strides in socio-economic and infrastructure development, giving this Island a "new coat” instead of he old one that has been too cramped for a long time, since then, it has made Ngoc Island develop sharply.
In addition, the Vietnamese Government has issued a resolution on visa exemption for foreigners entering Phu Quoc economic zone starting from July 1, 2020 and the Phu Quoc non-tariff area project has been approved over VND 6,800 billion. Promising as a lever for tourism, Phu Quoc economy "takes off", ready to become the leading tourist destination in Asia and the world.
In addition, in order to welcome large numbers of tourists, transport and infrastructure in Phu Quoc has being strongly invested and developed. It is expected that by 2020, the transport system connecting tourist destinations on the mainland and on the island will basically be completed. Passenger transport routes have been increased. Transportation infrastructure system connected to the outside such as Phu Quoc international airport, An Thoi international seaport; Phu Quoc international passenger port and main roads on the island have been invested and completed to high standards. Moreover, Duong Dong international seaport going into operation will be a place to trade and receive thousands of tourists each trip.
The positive signs from policies and infrastructure are an important driving force to help Phu Quoc Real Estate quickly return to the track, leading the resort real estate market at the present time with the start of a series of projects. Large, well-invested and cooperated with leading international hotel brands, signaling a new cycle of the Phu Quoc real estate market.
Cash flow "landed" Bai Truong beach
In October 2019, Phu Quoc District People's Committee announced the detailed planning project of 1/500 scale of Bai Truong coastal road belonging to Bai Truong Complex in Duong To Commune, Phu Quoc District, Kien Giang Province.
The capital is like the "billion dollar road" of Phu Quoc with the gathering of international famous hotel brands such as InterContinental, Park Hyatt, Novotel, Best Western, Wyndham Hotel & Resorts ..., Bai Truong is planned to becoming the largest entertainment, resort and tourism center of Phu Quoc with the advantage of being located between the two largest towns of Phu Quoc, Duong Dong and An Thoi, about 3 km from Phu Quoc airport, and is regarded as the longest and most beautiful coastline in Phu Quoc island.
Now Bai Truong is increasingly attractive with the participation of a series of big names in the real estate industry with international projects such as CEO Group with Sonasea Villas & Resort complex; BIM Group with Phu Quoc Marina; Meyhomes Capital Phu Quoc of Tan A Dai Thanh Group; Nam Group with Wyndham Garden Phu Quoc ...
The joining of big real estate corporations with well-invested investment, choosing to cooperate with world-renowned hotel management brands makes Bai Truong even more "expensive". This is the motivation that makes many investors willing to “pay top dollar” to own luxury resort real estate here.
According to experts' comments, Phu Quoc possesses many potentials, but real estate values here compared to veteran markets such as Nha Trang and Da Nang are much different.
Specifically, at the leading central roads in Phu Quoc, land prices range from 200-250 million / m2. Meanwhile, in tourist cities that have developed "saturated" such as Nha Trang and Da Nang, the central roads have land prices ranging from 500-600 million / m2, even in 1 billion / m2 places, much higher than current Phu Quoc land prices. Therefore, it can be seen that the potential for price increase of Phu Quoc Real Estate is very potential. This is also the reason Phu Quoc is still the focus of tourism real estate investment of the whole country.
"Colorful Island City" Meyhomes Capital Phu Quoc is a rare urban project in Phu Quoc being introduced to the market at this time. The project is located in the center of An Thoi, one of the two towns of Phu Quoc, which is considered a new growth pole south of Phu Quoc Island and will become one of the first two wards when the island district comes to the city. Experience shows that the land price in the planned area to the city is always very high. Especially, the project location will become the new economic, cultural and financial center of Phu Quoc so the price increase is inevitable.
In order not to be delayed by the new investment wave - Phu Quoc urban real estate, investors cannot ignore "Colorful tropical island city" Meyhomes Capital Phu Quoc.
For more information about the Meyhomes Capital Phu Quoc project, please contact hotline 0966.001.001 - 0967.001.001 or access the website meyhome.com.vn.
- 30 day visa exemption for foreigner visitors to Vietnam s Phu Quoc Island
- Night market in Phu Quoc island district
- Phu Quoc approved to become a city
- Phu Quoc in the top 7 of the most attractive new destinations in the world
- The island of Phu Quôc is developing ecological agriculture linked to tourism
- Officially submit to the Government the establishment of Phu Quoc city
- Programme started to boost Phu Quoc tourism
- Phu Quoc to become Vietnam’s 1st island city (Infographics)
- Phu Quoc Island threatened by rubbish