What is the scenario for resort real estate after the "leverage" of interest rate reduction and Decree 10?
Although the policies to remove difficulties have not been clearly effective, it is undeniable that the real estate market is showing positive signs of recovery. Specifically, mobilization interest rates have decreased to the lowest level since 2020, leading to the interest rates offered for new loans also being adjusted down to the equivalent level in early 2022.
To date, the State Bank has reduced operating interest rates four times with a total reduction of 0.5 - 2.0%/year. Easier access to capital is helping investors gradually regain confidence in the market. The overall absorption rate of the entire market in 2023 has increased gradually by quarter, although it is still low compared to the same period in pre-crisis years.
Experts believe that as long as this absorption rate can be maintained, it is entirely possible to expect the real estate market to gradually warm up in the final stages of the year, especially in the resort segment, after cash flow begins to return to real estate and Decree 10/2023/ND-CP takes effect.
Decree 10/2023/ND-CP creates favorable conditions for the real estate market, especially the resort segment.
According to the report of the Vietnam Association of Realtors (VARS), in the second quarter of 2023, the resort segment had 17 tourism and resort projects offered for sale, providing the market with 455 products. A series of resort projects are bustling again, mainly concentrated in key tourism markets such as Nha Trang, Da Nang, Phu Quoc, Quy Nhon, etc. VARS predicts that it is very likely that by the end of 2023, the supply of resort real estate will have a major turnaround with 2 scenarios on price levels. Specifically, if Decree 10/2023/ND-CP is implemented, the selling price of this segment will start to increase. Meanwhile, on the contrary, the price level continues to go sideways. However, many positive signals show that investors have every reason to believe in the recovery of the market, especially in the context of the government's policies to remove difficulties in real estate being strongly implemented.
Investors catch up with the market, launch huge stimulus policies
The wave of resort real estate is gradually warming up, which is also the time when major investors in this segment begin to restart sales programs, at the same time launching many attractive policies and incentives, increasing potential investment opportunities for customers at the end of the year.
Notable among these is the investor KDI Holdings with the international-scale project Vega City Nha Trang, which is considered the capital of light by the sea in the new center of Nha Trang, Khanh Hoa. Along with the positive signs that Decree 10/2023/ND-CP has helped the market gradually brighten up, the Meliá Nha Trang brand is being trusted by many customers and investors when the product absorption rate is higher than expected recently.
Meliá Nha Trang attracts customers with many attractive incentive policies in October 2023
In particular, Meliá Nha Trang also knows how to attract customers and stimulate the market with many great incentive policies applied at the same time. Accordingly, investors who own Meliá Nha Trang apartments during this time will receive a commitment of 8%/year rental profit for 6 years, along with a payment program extending to 37 installments, each installment from only 2%. Unlike many other projects on the market, Meliá Nha Trang offers customers a secure investment option from afar thanks to being managed and operated by the world's leading management unit. Not to mention, customers who own Meliá Nha Trang from now until December 31, 2023 also have the opportunity to participate in the Lucky Draw Program with a total prize value of up to nearly 2 billion VND.
As one of the investors who seized the opportunity to invest comfortably with a safe financial leverage policy from Meliá Nha Trang during a period of high market risks, Mr. Tran Xuan Nguyen, an investor from Hanoi, said: “ Smart investors will recognize when is the right time to catch the market wave. For me, investing in resort real estate right now is an opportunity, because the market is showing many positive signs after Decree 10/2023/ND-CP was issued. Moreover, by investing right now, customers can take advantage of optimal policies from the project investor .”
Meliá Nha Trang is the preferred choice of many investors.
However, according to Mr. Nguyen, considering choosing a quality project with full legal documents, implemented by a reputable investor with strong financial potential are the top criteria. “ Melia Nha Trang meets all these criteria, in addition to its prime location, convenient for doing business in accommodation and resort services. With the current attractive policies from the investor, there is every reason to believe that Melia Nha Trang will bring stable profits to investors in the future,” Mr. Nguyen expected.
To gain the trust of partners, customers and investors over the years, KDI Holdings has worked tirelessly to always ensure project progress and the best quality for each product. In addition, the investor has also accelerated the implementation of a series of large and attractive events to attract tourists and locals such as the opening of the Do theater and the unique Dream Puppet show, the 6-star resort villa Gran Meliá Nha Trang, operated by the world's leading hotel management unit Meliá Hotels International, which has been successfully organized.
Recently, Vega City Nha Trang was also honored to be the venue for the 2023 Golden Kite Awards Ceremony with the participation of more than 1,000 delegates, guests, artists, filmmakers and art lovers from all over the country. Major events began to be held, helping to light up the tourist capital of Vega City Nha Trang, gradually affirming its position as a new international destination in Nha Trang, Khanh Hoa.
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