A core principle that all investors must learn by heart: Blind investment in a trendy real estate project can make one go bankrupt.
According to The Realtor.asia, at the moment, land fever on the island has passed, the true beauty and value stay on the charming island in the south of Vietnam – this is a perfect time for investors seeking to invest in enduring and safe plots in Phu Quoc island.
Phu Quoc after the land fever
The short-sighted hype made some plots rise in value by up to three times in a short period. Now the real estate market on the island is back to normal; this is the golden time for speculators to keep a close eye on profitable properties on the island.
The land fever in Phu Quoc has stopped after the traders left the market due to the National Assembly cancelling its plan to consider Phu Quoc a special economic zone (SEZ). Prices are no longer skyrocketing. Speculators, especially big companies, assure that the value stays over the long term and well into the future.
The famous billionaire Warren Buffett once said: “Be greedy when others are fearful and be fearful when others are greedy”. Wise words from the third richest man in the world. Looking at Phu Quoc currently, when traders are suffering, it is the right time for savvy speculators to maximize their long term investment of the down payment.
According to experts, Phu Quoc resort property significantly grows due to tourism. The number of tourists in Phu Quoc increased 36.3 per cent and hit 3.44 million in the first eight months of 2019. In 2018, the island attracted 4 million tourists, 1 million more than in 2017.
Phu Quoc’s capability compared to Bali, Phuket
Nowadays, Phuket and Bali are among the top destinations around the globe. Bali welcomed 6.1 million and Phuket 9 million international tourists in 2018. Phu Quoc is still behind, but the island has a chance to compete with Bali and Phuket and become a worldwide destination.
Indian billionaire Kaabia Grewal chose Phu Quoc instead of Bali, Phuket or Abu Dhabi men-made beach in the UAE for her luxurious seven-day wedding with 700 guests and 125 artists.
Phu Quoc’s total investment flow has risen to $16.7 billion, which has brought dramatic changes to the island in five years and almost 8,000 5-star hotel and villa rooms have come into operation.
Phu Quoc is now the leading resort and entertainment complex area in Viet Nam, including the first casino for Vietnamese, ASEAN’s largest safari and the world’s longest sea cable car route. Soon, the VND2 trillion aquarium by Vingroup and the largest shopping mall in ASEAN with VND1 trillion investment will be in construction. IPP Group by businessman Hanh Nguyen has successfully got an agreement on a VND7 trillion duty-free shopping mall plan.
Another key project is the water park plan of the corporation BIM Group and Samsung C&T Resort Group. This is the only international standard 13 hectares water park in Phu Quoc with 450,000 customers per year. It is promised to create an exclusive destination, where tourists experience a variety of food, culture and leisure. Located in Phu Quoc Marina resort and entertainment complex, the water park is a must-visit spot for everyone traveling to the island.
Phu Quoc Marina: A flawless gem
BIM Group are the pioneer investing in luxury resort and entertainment complexes on Phu Quoc. Since 2004, BIM Land (a key subsidiary of BIM Group) has helped turn a wild island into a world-class destination. Phu Quoc Marina is now a touch of art on the island.
Phu Quoc Marina is located in a 155 hectare area to the west of the island, the centre of Bai Truong, 7 km away from the international airport – with the unrivaled privacy of the most charming beach in perfect weather year-round.
Phu Quoc Marina is planned and developed as an ‘all in one’ complex vacation home and modern entertainment area. The project’s strategy is to follow the ‘giant’, the complex combines various world-class projects, such as InterContinental Phu Quoc Long Beach Resort, Regent Phu Quoc, Sailing Club Villas Phu Quoc. Besides, Phu Quoc Marina Square, Phu Quoc Waterfront and Palm Garden Shop Villas Phu Quoc. These are exquisite pieces that make a glamorous picture of a precious pearl in the heart of Phu Quoc.
The complex offers customers multiform services. The handed-over plots in Phu Quoc Marina have shown potential for long term profit for investors. The limited number of properties has made Phu Quoc Marina a phenomenon in the real estate market.
Next, BIM Land plan to launch Park Hyatt Phu Quoc. The first resort under Park Hyatt Trademark in Viet Nam will come into operation in 2020. Located in the southwest of Phu Quoc, Park Hyatt is expected to be an upscale resort. The resort is on a 65 hectares area along the coastline, between the beautiful sandy beach and green hills. The project is 30 minutes from Phu Quoc International Airport along the highway and 40 minutes away from Dong Duong, the main town of the island.
Phu Quoc real estate is still on-trend, the price has gone up 20 to 30 times. Many people have become extremely wealthy by investing in property in Phu Quoc. Wise speculators once said: “Phu Quoc has become an international destination thanks to incorporation investing in a grand world-class complex project. After a decade, many investors have become millionaires, eventually, Phu Quoc will help many people turn into billionaires.”
Time is the key point speculators must take into consideration, devotion and long-term perspective are the biggest edges that all property gurus focus on when investing in Phu Quoc Marina.