Vietnamese readers are probably aware of the many risks associated with the property market in Vietnam, but if we look at overseas luxury property booms that later went bust, we can see a few other lessons for investors to consider.
In reality, figures show that the growth of domestic tourists is the answer for seaside tourism real estate market in the future, according to Michael Piro, Chief Operating Officer of Indochina Capital Corporation.
Tran Dao Duc, Deputy General Director of CEO Group, shared stories about their business focus on seaside tourism real estate which is more appealing and making the group become one of the three most prominent investors in Phu Quoc now.
Some localities are temporarily halting condotel projects to await the government's clear policies and we will submit the clear legal basis in this matter to the government to support investors, according to deputy head of Real Estate Market and Housing Management Agency Nguyen Manh Khoi.
Seaside tourism properties in Vietnam hold great potential, but investors should be cautious and look out for, according to Duong Thuy Dung, senior director of CBRE Vietnam.
With the strong development of tourism industry, impressive economic growth, and the efforts of Vietnam in improving infrastructures, the country's seaside real estate has a lot of potentials to grow strongly, according to chief operating officer of Indochina Capital Michael Piro.
Seaside tourism real estate is becoming one of the most promising sectors and drawing huge attention from prominent investors and developers, according to Dr. Han Manh Tien, chairman of Vietnam Association of Corporate Directors.
“Vietnam Seaside Tourism Real Estate Forum 2018" is the annual event to be organized with the purpose of meaningfully contributing to process of planning, investment, management, effective exploitation and sustainable development on seaside tourism real estate projects in particular and tourism real estate sector in general.
