Potential for sudden price increases when investors pour money into Phan Thiet

Most of the resort real estate projects in Phan Thiet which opened for sale in 2018 were sold out, although they do not have a profit commitment program like the Nha Trang – Phu Quoc – Da Nang market.

The real estate market doesn’t need to commit to making big profits

According to real estate experts, most investors are pouring money into Phan Thiet – Mui Ne at this time to catch the booming wave of the real estate market in the next few years, when the area is officially approved The Government invests 25,000 billion in infrastructure to transform Phan Thiet – Mui Ne is becoming a major destination in Asia – Pacific.

With this plan, the real estate price of Phan Thiet – Mui Ne will increase exponentially. A few percent of commitment each year doesn’t mean much to these investors. Therefore, it is not difficult to understand when most of the projects that were opened for sale in Phan Thiet – Mui Ne recently, although there is no commitment to profit, still continue to sell out.

In early 2017, Rang Dong Group opened the sale of 1,200 plots of land for the Ocean Dunes project along the Doi Duong coast. No profit commitment but 100% project sold out in 4 months. After a year of investing here, investors have made huge profits with a rate of return of 80% – 150%.

Trung Nguyen – An investor from Ho Chi Minh City spent 2.5 billion to buy 100 m2 of land. After almost 2 years, the price of his land rose to 5.8 billion. Every month, dozens of real estate agents call him asking to buy back a plot of land for a hotel, but he doesn’t sell it, expecting prices to increase once airports and highways form.

In late December, the Goldsand Hill Villa project in Mui Ne was also announced to the market by Loc Tu and VNGroup. The event hall, even though the air conditioner was turned on at full capacity, could not reduce the heat of the more than 500 investors jostling and scrambling to save money to book a place for this project villa. It should be noted that this project also does not implement a profit commitment program.

The Goldsand Hill Villa project is not committed to profit but still attracts investors

Apart from Goldsand Hill Villa, Ocean Dunes, projects that will be opened for sale in the second and third quarter of 2019 in Phan Thiet – Mui Ne such as Ocean Vista, Hung Loc Phat or Dubai Vietnam projects from Dubai Vietnam Agriculture Company are also owned by investors who not implementing a profit commitment program. According to the shares of these units, the Phan Thiet market provides investors with greater returns than the multiplied profit commitment program.

Phan Thiet real estate prices will increase exponentially in the near future

According to market analysts, in an emerging area with resort real estate potential such as Phan Thiet, which continued to sell out in 2018, will also explode in 2019, the price will increase exponentially, and persistent investors can get some one hundred percent returns.

There are two reasons to ensure a profitable investment for investors looking for opportunities in the Phan Thiet market.

First, compared to the veteran real estate market, the price of resort real estate in Phan Thiet – Mui Ne is still very cheap, only about 30% of the land price of the Nha Trang – Da Nang – Phu Quoc market.

Right in Phan Thiet – Mui Ne’s hottest resort villa project at the moment, the price of 5 star resort villa, fully furnished with high end furniture, only 4-5 billion VND / unit, only equivalent to a 70 m2 condotel in Phu Quoc.

Each 5 star villa at Goldsand Hill Villa costs VND 4 – 5 billion, the same as a 70 m2 condotel in Phu Quoc.

Reasonable prices, which are less driven by speculators, will ensure the projects here have a lot of profit potential.

Second, the process of increasing the market price of Phan Thiet – Mui Ne will explode in 2019 and reach its peak in 2020 when the Prime Minister approves a plan to make Mui Ne – Phan Thiet the main destination in Europe Asia-Pacific.

To carry out this strategy, in the next 2 years, the Government will invest 25,000 billion VND in 2 major super projects, namely Phan Thiet airport and Dau Giay – Phan Thiet toll road.

In particular, in the near future, the Prime Minister has agreed to adjust the size of the Phan Thiet airport from more than 5,000 billion to more than 10,000 billion. Turning this airport into one of the three largest airports in the Central region, just behind Cam Ranh and Da Nang airports. When the airport starts operating, it only takes 1.5 hours for tourists from the North to come to Phan Thiet instead of having to catch a flight from Hanoi to Ho Chi Minh City, then it takes another 3-4 hours to drive to Phan Thiet – Mui Ne.

The Prime Minister decided to increase investment in Phan Thiet airport from 5,000 billion VND to more than 10,000 billion VND

In addition to the additional capital for the airport, the Dau Giay – Phan Thiet toll road is also urgently needed to be implemented. It is known that the total investment in the divergence period was 14,359 billion VND. Calculating, the total investment of highways and airports in the next 2 years for Phan Thiet will be around 25,000 billion.

This capital inflow is expected to help Phan Thiet – Mui Ne convert and attract large numbers of tourists to Phan Thiet every year to turn this area into a premier destination in Asia – Pacific.

This huge inflow of capital is also seen as the lever that will make Phan Thiet’s real estate market explode this year.

According to Van Diep (Find).

at Blogtuan.info – Source: 24h.com.vn – Read the original article here