Coastal Residential Market
As a newcomer in the coastal residential market, Phu Quoc has only just been recognized as a prime destination, primarily as a result of infrastructure improvement. In Q1/2016, the total supply was more than 1,700 dwellings/units from six villa projects and one apartment project.
As of Q1/2016, the villa and apartment segments had a sold percentage of 65% and 35% respectively. Good marketing strategies, developer reputation, construction status, and pristine beach frontage has supported their performance. All projects are a component of a resort and offer a full range of facilities and amenities. Buyers from Ha Noi accounted for approximately 80% of total purchases, followed by buyers from HCMC with 15% of purchases. Most coastal landed properties are purchased for long-term investment or vacation.
Due to growing tourism and supporting policies, the coastal residential market in Phu Quoc has appealed to both local and international developers. However, most future projects re still in the planning stages as a result of repeated regulation changes and adjustments to the island’s master plan by the local government. Only three new projects and the next phases of three existing projects are announced to launch from Q2/2016 onwards, providing more than 660 dwellings/units.
For more information, please click 23052016 – Savills báo cáo tình hình thị trường BĐS Phú Quốc – Q1-2016 – VN 23052016 – Savills report on Phu Quoc Real Estate Market-Q1-2016 EN and 23052016 – Savills báo cáo tình hình thị trường BĐS Phú Quốc – Q1-2016 – VN
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