Phu Quoc tourism returns to its golden age, stimulating a wave of investment in "festival real estate"
Data from Kien Giang’s tourism industry shows that Phu Quoc is regaining strong growth momentum with the number of tourists far exceeding the pre-pandemic period. This is also the driving force for the real estate market on the pearl island.
Phu Quoc tourism makes impressive breakthrough in new period
In 2024, Phu Quoc is estimated to welcome nearly 6 million tourists, an increase of 7.1% over the same period. International visitors alone are estimated to reach 962,449, an increase of 73.4% over the same period. Compared to the golden age of pearl island tourism in 2019, this year's growth rate reached 43%.
The impressive results in the new development phase of Phu Quoc tourism are also thanks to a series of newly exploited flight routes. Currently, there are 20 airlines operating flights to Phu Quoc, with more than 150 flights/week from many countries and territories. Of which, there are many direct international flights from Korea, Malaysia, Thailand, Taiwan (China) and many charter flights from Greece, UAE, Singapore, India, Russia... The total number of flights has increased by about 25% compared to 2023.
Mr. Lawrence Ho, Vietnam market sales director of Scoot Airlines - the latest airline to open a direct flight from Singapore to Phu Quoc, said: "December ticket sales show positive signs. Although they have only been on sale for about 2 weeks, flights from Singapore to Phu Quoc have been 60 - 70% full. In the coming time, not only Singaporean tourists but also Australian, European and American tourists will appear more in Phu Quoc."
In Vietnam, domestic flights to Phu Quoc are also bustling with 23-34 flights/day recorded in December. This includes the return of the Da Nang - Phu Quoc route and the new Ho Chi Minh City - Phu Quoc route, which will be operated from December 24.
The impressive recovery of tourism also opens up investment opportunities, exploiting business types of accommodation, services... and creating attractive cash flow for commercial and resort real estate types of Phu Quoc.
Unique real estate products are attracting the return of investment cash flow
Thanks to the tourism "trigger", in recent months, the Phu Quoc real estate market has also become more vibrant with a large number of investors returning after a quiet market period in 2023. In the new phase, cash flow focuses on projects with synchronous utilities, developed in complete complexes and easily exploiting the huge number of tourists on the pearl island.
Sharing about the actual market situation, Ms. Do Phuong, a veteran broker in Phu Quoc, said: “Previously, investors from all over flocked to Phu Quoc just to hunt for subdivided land plots with the goal of surfing. However, recently, a large number of customers from Hanoi, Hai Phong, Nghe An, Da Nang and many southern provinces have come to Phu Quoc to look for safe investment products with diverse functions and easy cash flow exploitation.”
 |
| All-in-one complexes with safety advantages and easy cash flow exploitation are being sought after by investors. |
The change in psychology as well as investment trends has made the race to own real estate in the Phu Quoc market more exciting. According to Ms. Phuong, products that meet new requirements, especially in an island market like Phu Quoc, are extremely scarce. Therefore, attention is focused on the northern part of the island, where traffic infrastructure is developed, along with many large-scale projects with a complete and operational utility ecosystem.
Among them, Phu Quoc United Center is attracting a large number of investors. The attraction of this super complex comes from the all-in-one utility system, along with many exciting resort and entertainment "wonders" such as Vinpearl Safari, Vinpearl Golf, VinWonders, Grand World... This place is also the destination to experience the most magnificent events and festivals of the pearl island, converging the quintessence of world and Vietnamese culture.
 |
| Phu Quoc United Center is a convergence of unique cultural experiences |
In particular, Phu Quoc United Center is also the only project developing the Festi-Mashup festival tourism real estate product line with 3 unique types. In particular, FestiHome is a 4-star apartment operated by Wyndham & Vinpearl, meeting the needs of resort and accommodation exploitation; Festishop is a multi-functional commercial townhouse that brings a potential living and business space; and FestiCation - a powerful VIP card that helps customers easily experience services at Phu Quoc United Center.
On December 23, this festival real estate product line will officially launch at Thiskyhall Sala Convention Center (No. 10 Mai Chi Tho, District 2, Ho Chi Minh City). At this event, investors will have a better understanding of the development prospects of the real estate market in general and the Phu Quoc market in particular. Along with that is the opportunity to approach and exploit the attractive potential of the Festi-Mashup super product.
According to the investor Vinhomes, the attractive incentive policies of this unique trio of products will bring many benefits to customers. Launched when both tourism and real estate are entering a new growth phase, Festi-Mashup is expected to create an earthquake on the pearl island in the near future.
Comment (0)