Real estate investment in Phu Yen resort

The advantage of tourism with the participation of real estate giants in Phu Yen creates a lucrative opportunity for pioneering investors.

At an event in the southern resort real estate in June 2019, Ms. Duong Thi Thuy Dung – Senior Director of CBRE Vietnam, said that besides Nha Trang, Phu Quoc are the markets Too exciting, some localities are emerging as potential markets.

According to experts, if investing in resort real estate in developed markets, rental opportunities and profitability will be high because of the large number of tourists. However, it should be noted that this also makes the market become more competitive. In contrast, the untapped, primitive markets are the open door for agile investors.

Currently, throughout the South Central Coast region, one of the new bright spots possesses great potential for outstanding development in trade – tourism – resort real estate, not to mention Phu Yen. With many famous landscapes such as Ghenh Da Dia, Mui Dien, Bai Gun, Bai Xep, Vung Ro Bay …, Phu Yen is a destination that attracts visitors who love to experience the wild and unique nature.

In order to facilitate the development of Phu Yen tourism, in recent years, the Government and local authorities have implemented many key infrastructure projects, emphasizing the importance of regional links, helping Central tourism. in general and Phu Yen in particular create momentum.

Along with that, the increasingly improved infrastructure also contributes to facilitating trade and attracting both domestic and international visitors to this land of nature. Since Deo Ca tunnel, Cu Mong pass tunnel has been opened, Tuy Hoa airport has been upgraded, the two Russian airlines plan to open international routes … local tourism flourishes and promises to continue to have more changes in the future.

Later this year, Tuy Hoa airport will officially welcome international flights. Vietnam Airlines is also planning to add flights to Tuy Hoa from November 2019. In addition, the locality has also invested in the development of waterways, yachts and marinas to form a tourist route in Xuan Dai bay, O Loan lagoon, Cu Mong lagoon, Vung Ro bay …

Taking advantage of profitability right from the beginning, a series of investors have poured capital into this energetic locality. Auctions held coastal land use rights in Tuy Hoa city in recent years attracted thousands of applications. The selling price is also much higher than the estimate of the local government, showing the attractiveness of the market and the great potential in the eyes of investors.

One of the current outstanding projects is the Thera Premium apartment and tourist villa project invested by Viet Beach – Tan Viet An investor on the central beach street of Tuy Hoa city. The project belongs to a complex of Viet Beach eco-resort, which is adjacent to three large roads and 500m of the sea. The resort is also located next to Nghinh Phong square, the administrative area of ​​Phu Yen province.

The project owns a strategic location with sea view and white sand for visitors. In parallel, the Independent road of Tuy Hoa is thought to be similar to the position of the Vo Nguyen Giap route close to the surface of Da Nang sea. While Le Duan route is similar to the Ha Bong route (Da Nang).

With luxurious design, diverse product structure and high-end facilities, optimizing the experience for visitors, the project promises to open up good profit opportunities for sensitive investors, quickly seize the time. Opportunities in Phu Yen right from the early stage of the market accelerated.

Mr. Duong Duc Hien – Sales Director of Savills North and Central Housing said that the resort product line will attract many investors, such as resort villas, tourist apartments carefully invested. and new. Especially with the leading projects of 4-5 star class will certainly attract quality domestic and international visitors to Tuy Hoa.

According to the statistics of the Department of Culture, Sports and Tourism of Phu Yen, in 2018 the province welcomed more than 1.6 million visitors. Tourism revenue is estimated at 1,556 billion VND, an increase of 25% compared to 2017. In 2019, the provincial tourism industry aims to attract over 1.55 million visitors, reaching 1,900 billion VND in revenue.
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