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.
Senior Director of CBRE Vietnam Duong Thuy Dung: Tourists are flocking to Phu Quoc Island, there are not any concern about supply and demand in terms of market absorption.
Q: What is your idea about the government's market regulations on seaside tourism real estate sector in the coming time?
Deputy Head of Real Estate Market and Housing Management Agency under the Ministry of Construction Nguyen Manh Khoi: There are ups and downs about the seaside real estate market. It is not mainly blamed for unclear policies. It is the fact that some localities are temporarily halting condotel projects to await the government's clear policies. In the soonest time, we will submit the clear legal basis in this matter to the government to support investors.
Q: Are there any concern about condotel investors' commitments on high profit?
Deputy Chairman of Vietnam Real Estate Association Nguyen Manh Ha: Actually, it is very worried about a high profit rendered to buyers at 12-15 per cent per annum on condotels and seaside villas. It needs intensive analysis about this matter.
Q: Where will be a very promising destination for condotels and seaside tourism real estate projects in Vietnam?
General Director of Nha Trang Green Hill Company Ltd. Le Thi Tu Anh: According to me, Quang Binh will be a very good destination for condotel projects and seaside tourism real estate projects.
President of First Real Group Nguyen Hao Hiep: We totally agree that Quang Binh province where resort projects are targeting. That's the reason why our First Real Group is developing a large sized prominent project namely Bao Ninh Sunrise Villas project.
Q: As an enterprise has many projects in Phu Quoc Island, what is your thoughtfulness about a right model for development and competition?
Deputy General Director of CEO Group Tran Dao Duc: We have not only used our own internal strength but also our partners like Accor Group effectively and efficiently. So, we may reach conclusion that the partnership is a good model for development.
Q: What is the appropriate economic growth rate that will drive the investment in seaside tourism real estate projects?
Chief Operating Officer of the property developer Indochina Capital Michael Piro: Personally, I think 6% is okayed to gear up the investment engine, in the meanwhile the economic growth rate of Vietnam is very impressive at 6.8 per cent. It is a right time now for investment to make the projects happen. However, it remains to be careful for the market booming.Editor-in-Chief TheLEADER Nguyen Cao Cuong: The seaside tourism real estate sector is the overheated matter that draws not only investors but also the entire society in recent years. However, due to the tight time of the forum, our TheLEADER will continue playing role as bridge to connect investors' concerns to the competent authorities in a series of articles to be published. We would like to sincerely thank all the Speakers and our valued readers!
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