Milestone of highway opening opens new cycle
After nearly a decade of waiting, Saigon - Ke Ga - Phan Thiet "has gone far and is now near" thanks to the opening of traffic on April 30, opening a new era for Binh Thuan with a national and international position.
Accordingly, the opening of the Dau Giay - Phan Thiet expressway has shortened the driving distance from 3.5 hours to 2 hours, equivalent to the distance from Ho Chi Minh City to Vung Tau City.
In recent years, due to its proximity to Ho Chi Minh City, Vung Tau has dominated the domestic tourism market, averaging more than 16 million visitors per year. However, when shortening the time to the same level as Vung Tau, it is understandable that Binh Thuan "shares the burden" with Vung Tau to surpass Vung Tau to become the leading destination in the country. The proof is that during the April 30 holiday this year, Binh Thuan attracted about 160,000 visitors, double the same period last year.
Binh Thuan is poised for new growth when the highway opens to traffic.
On the other hand, the opening of the expressway coincided with the opening of the National Tourism Year in Binh Thuan. The opening of the road combined with hundreds of events and festivals continuously held throughout the National Tourism Year contributed to doubling the effectiveness of promotion and attracting tourists to Binh Thuan.
Medium-term growth from the triple-A stadium duo
In the medium and long term, the airport duo is considered the next "trump card" to help real estate prices in the area grow. Specifically, Phan Thiet airport is expected to be operational by the end of this year, while Long Thanh International Airport, with the largest transport capacity in Southeast Asia, is expected to operate phase 1 in 2025.
Notably, the distance from the two airports mentioned above to tourist destinations such as Ke Ga and Phan Thiet is only 60 minutes. The improvement of the highway and the addition of an international airport in the next few years will help Binh Thuan tourism reach parity with traditional destinations such as Phu Quoc, Quang Ninh, Nha Trang or Da Nang.
The "golden" time to own marine assets
A series of macroeconomic news is warming up the market. Up to now, the State Bank has had 3 interest rate cuts with a reduction of 0.5-1.5% on loans. The government is also reviewing to remove legal obstacles for about 600 projects in many provinces and cities. The policy of extending the debt period of bonds... is also part of the effort to support real estate development again. After a period of "hibernation", since the end of April, investors have also started to release products, causing the market to gradually escape the gloomy situation.
According to experts, this is a once-in-a-decade opportunity for investors with abundant financial resources to buy real estate at good prices and in good locations, which were previously difficult to buy when the market was positive. Sharing the same opinion, experts also said that buying a house has never been easier than now. Accordingly, home buyers are receiving "strong" support from investors in terms of policies, balancing prices to be quite reasonable, extending payment schedules...
Resort real estate is still the choice of many investors with medium and long-term vision.
For example, Thanh Long Bay is currently applying many incentive programs such as extending the payment period up to 4 years for product lines about to be launched. Not to mention, customers participating in this phase also enjoy many attractive incentives. Compared to the time when the market was continuously pushed up in price as before, buyers can save hundreds of millions of VND on the investment rate. Investors can wait until the medium to long term to transfer and make a profit.
Or for resort properties, it is possible to aim for a longer-term solution of renting out for annual net profit. Currently, Thanh Long Bay has also put into operation a series of utilities to enhance the experience, attracting hundreds of customers every weekend, which is a clear demonstration of the potential for exploitation in the future.
Resort real estate is still the choice of many investors with medium and long-term vision.
According to experts, real estate will go sideways during the difficult period and then rebound in the next few years. Owning a new project in Binh Thuan at this time will ensure good profits because real estate is at the "bottom", the handover time coincides with the market recovery period and the airport is in operation, so the price will not be as good as it is now.
Thanh Long Bay Resort - Entertainment - Sea Sports Urban Area
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