AT THE ASIAN LEADERSHIP CONFERENCE (ALC) held in South Korea in May, Mr. Nguyen Ho Nam, Chairman of the Bamboo Capital Group (BCG), spoke about the strong potential of Vietnam’s economy. He also affirmed the importance of the boom in hospitality real estate in big cities and provinces such as Da Nang, Quy Nhon, and Quang Nam, among others. Given the real estate market still faced a range of difficulties and fluctuations last year, BCG is proud to be one of the most dynamic and prestigious project developers in high-end hospitality real estate in Vietnam.
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Breakthroughs from quality real estate projects
Recent successful projects of the group include the five-star Malibu Hoi An resort in central Quang Nam province and the luxury King Crown Village villa project in Ho Chi Minh City’s District 2. In particular, the four-star Casa Marina resort in Quy Nhon, south-central Binh Dinh province, was completed and officially opened last year and boasts an occupancy rate of 70 per cent on weekdays and 100 per cent on weekends and holidays. Quy Nhon has been compared to a miniature Maldives on the coast of south-central Vietnam, and recognized as one of three tourism hubs in the coastal region, along with Da Nang and Nha Trang. Over the past few years the city has become an ideal destination for its pristine nature, beautiful beaches, and hospitable people.
According to figures from the Binh Dinh Department of Culture, Sports and Tourism, the province welcomed more than 4 million visitors last year, an increase of 10.6 per cent compared to 2017. International tourists totaled 286,463, an increase 8.3 per cent, and domestic visitors 3.8 million, up 10.8 per cent.
The strong growth in tourism has become a driving force of the local economy while its infrastructure has created favorable conditions for Quy Nhon’s real estate market to grow, as last year the city began focusing on hospitality real estate. It has emerged as a “new star” in Vietnam’s busy condotel market. According to industry insiders, in the context of property prices in Quy Nhon rising every day and beautiful coastal locations gradually being snapped up, wise investor will make a quick decision to seize investment opportunities. This is nonetheless still the best time for investors to acquire real estate in Quy Nhon at reasonable cost.
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New offering
The Casa Marina resort is entering Phase 2, with 160 separate high-end villas on a hill to be launched in the third quarter of this year. Phase 2 is expected to cover 12 ha with investment of over $74.3 million. The high-end space is waiting for successful and knowledgeable upper-class owners looking for new and different things but still seeking old and rustic values at the same time. Located on the beautiful coast of Quy Nhon, Casa Marina Phase 2 stands apart from the chaos of a tourist destination, leisurely nestled on a mountain overlooking a wide expanse of sea. Homeowners can enjoy the fresh air of a coastal climate. The villa area is located in an extremely convenient spot for travel as well as sightseeing and exploring, just 50 minutes from Quy Nhon Airport and 20 minutes from the center of Quy Nhon.
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Nestled in a spectacular space built on a hillside, its unique design focuses on a philosophy of creating absolute privacy for owners. They can also choose a luxurious lifestyle, with opulent designs in the villa blocks or rustic bungalows blending in with nature. Architects have especially focused on optimizing space to create well ventilated, private accommodation that is still fully-equipped with modern facilities. Each villa has a private pool or Jacuzzi, providing relaxation and privacy for each household in a unique way.
All of Casa Marina Phase 2 is expected to be completed in 2021, contributing to resolving the shortage of high-end real estate in Quy Nhon.