Phu Yen attracts investment capital in coastal real estate

With more than 189km of coastline, along with diverse ecosystems including plains and mountains, Phu Yen is considered as a locality with great potential for tourism. tourism development. With those advantages, along with a large land fund, and gradually improving transport infrastructure, with high connectivity, recently, Phu Yen has recorded a positive change in attracting investment flows.

According to data from batdongsan.com.vn, housing prices in some coastal roads in Phu Yen are trading around 90 million VND/m2. This price has increased by more than 10% compared to the end of last year. Some central streets even increased 12% higher.

“Phu Yen is full of unspoiled landscapes, serving the needs of discovery and relaxation. The price in Phu Yen is still lower than in traditional markets like Da Nang, Phu Quoc or Nha Trang… Especially… Especially, the price of coastal routes is still soft,” said Dinh Minh Tuan, director of batdongsan.com.vn in Ho Chi Minh City.

Currently, in neighboring localities, there is a strong tourism development such as Nha Trang, Da Nang… housing prices are around 300-400 million VND/m2, which is 3 times higher than Phu Yen. This is also a factor that makes Phu Yen a destination for investors to develop large-scale projects.

Besides geographical advantages, transport infrastructure is gradually improving, with highland connectivity is also a factor that makes Phu Yen attractive in the eyes of investors. This is the basis for the government to realize its growth target of 7% this year, of which the tourism industry contributes about 30%.

According to experts, the scarcity of housing supply in big cities and the trend of buying health care homes after the pandemic have boosted the segment’s development. seaside resort real estate. With many available potentials, Phu Yen is forecasted to continue to become a “low-lying area” attracting investors in the coming time.

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