Real estate leads generation

The Hanoitimes - Population in Phu Quoc likely triples in 2030, resulting high demand for hospitality industry. The administration upgrading has made Phu Quoc the first island city in Vietnam, opening up an era for the locality equal in size to Singapore. The tourism-based island city is destination for upcoming real estate investment. Photo: Kiengiangtravel The move is considered a momentum for the island that is well-known for tourism, creating favorable conditions for the mushrooming of real estate projects, local experts have predicted. It triggers a question on how Phu Quoc’s real estate attractive to investors. The expertise might offer a broader view of the potential there. Dang Phuong Hang, managing director, CBRE Vietnam, said that real estate ecosystem models like hospitality will match the tourism-based island. The development of tourism will support the growth of three-pillar model namely hospitality real estate, entertainment, and high-end housing segment, she added. Phu Quoc’s real estate sector has significant room to grow thanks to youngling market, plenty of investment opportunities, and reasonable prices. In addition, well-equipped resort projects are expected to drive up the service prices. Enormous potential for real estate market is obviously seen in newly-established wards like Duong Dong and An Thoi, Hang said. "The city status will enable Phu Quoc to make master growth planning, including strategies for tourism industry. The city’s population is forecast to triple by 2030, forming elite groups that demand high-end services," Hang said. Nguyen Van Dinh, deputy general secretary of the Vietnam Real Estate Association (VNREA), said the three-pillar ecosystem [hospitality real estate/resort – entertainment – high-end housing segment] is the most suitable model for the island tourism city of Phu Quoc. Notably, the well-invested infrastructure and more convenient transport have fueled the increasing flows …

[Read more...] about What makes Phu Quoc’s real estate attractive to investors?

On behalf of the real estate enterprises, Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association (HOREA), said that compared to the previous year, there was an additional petition of Gamuda Land Joint Stock Company. The petition states that while waiting for the Prime Minister to decide on a VND514-billion deduction following the recommendations of the Government Inspectorate, over the past time, construction investment and business activities of the company have been stagnant, affecting the reputation and brand of this company in 10 years of operation in Vietnam. As for the matter of social housing, Mr. Le Huu Nghia, CEO of real estate developer Le Thanh, said that they were considering whether to develop social housing again. Because of too many difficult procedures, many people advised him to play safe by switching to develop commercial real estate. At the Le Thanh Tan Kien social housing project in Binh Chanh District, although the HCMC People's Committee had directly instructed to remove obstacles, after three years of implementing the project, now it backs to square one. Although the regulation for the processing time of the application by authorities is 215 days, in fact, the processing of the application can take a lot longer than that because the application must be transferred between departments and districts. Even a document from the urban management office to the district People's Committee takes several months. Moreover, although the social housing projects are invested by enterprises from start to finish, they are audited as projects using capital from the State budget. Meanwhile, the auditors are too strict. They slap them with high fines on petty mistakes, discouraging investors, Mr. Le Huu Nghia explained. Le Thanh Company is one of 20 enterprises that have petitioned the city through the summary of HOREA. This list shows that many petitions had been raised by investors at meetings with the city leaders in the past years, …

[Read more...] about HCMC resolves difficulties for real estate to boost economic development

After a period of working hard and making large fortunes, many businesspeople have chosen to leave the market and get back to nature where they can lead quiet lives. Growing vegetables, raising fish and living in peace Nguyen Hoang Nam in Ba Dinh district in Hanoi had never thought of leaving the capital city, where he had been living for 50 years, until he took a trekking tour on a motorbike to the highlands. During the trip, Nam discovered the quietness in the mountains and forests, and the wonderful environment with pristine nature and fresh air. After that, he began thinking about abandoning everything and living in the forests. He hinted at his intention during family dinners, but his plan was not supported by other family members. In 2017, Nam decided to buy a 5 hectare land plot in Hoa Binh to settle down there. He began building a house, improved the soil, and grew vegetables on the land. After two years of development with the total cost of VND1.5 billion, he is going to reap fruit from organic gardening. His garden area increased by two hectares after he bought land plots nearby. He is proud of what he has: a house in the middle of green plants. “I am used to life here. Our family members like to live here more than in the city. I only return to Hanoi when I have to attend meetings,” he said. More and more big businesspeople and high income earners like Nam are willing to spend big money to be able to have peaceful lives in places that are not flashy and bustling and where they can enjoy organic food. They are seeking sustainable values for health, both physical and mental, and the experiences of connecting with nature. Do Manh Thang in Hoang Mai district in Hanoi spent billions of dong to develop a farm in Hoa Binh, but it was not enough for him. Five years ago, after a trip to Thailand, Thang came up with an idea of building a house in the forest. He began looking for a land plot which could satisfy his requirements to become …

[Read more...] about Businesspeople spend big money to get back to nature