The end of the year is a time when investors "reshuffle" their personal investment portfolios and seek new opportunities for their capital to continue generating returns. While the gold, foreign exchange, and stock markets are volatile, and the apartment and land markets are experiencing unusual surges, resort real estate is emerging as an attractive investment channel that draws smart money.
Towards the end of the year, smart money is flowing into resort real estate.
The end of the year is a time when investors "reshuffle" their personal investment portfolios and seek new opportunities for their capital to continue generating returns. While the gold, foreign exchange, and stock markets are volatile, and the apartment and land markets are experiencing unusual surges, resort real estate is emerging as an attractive investment channel that draws smart money.
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| The demand for disbursing personal investment funds is very high at the end of the year (Illustrative image). |
Investors are "hesitating" about which channels to invest their capital in.
Typically, investment opportunities are abundant towards the end of the year, attracting personal capital. However, in the fourth quarter of this year, traditional investment channels such as gold, USD, and stocks are experiencing erratic fluctuations, leaving investors confused.
World gold prices, after continuously soaring to $2,779 per ounce at the end of October 2024 (a 33.4% increase compared to the beginning of the year), unexpectedly plummeted to $2,649 per ounce (a decrease of nearly $100 per ounce) after Donald Trump won the US presidential election. At the same time, domestic gold prices also fell by 6-8 million VND per tael compared to the record high of 89 million VND per tael at the end of October, causing many gold holders to suffer heavy losses.
Stock markets in the first 10 months of 2024 only increased by 12%, lower than expected. After reaching 1,300 points, the VN-Index reversed course, falling 33 points in the last week of October and continuing to decline after Trump's election victory, reaching 1,152 points on November 8th. Forecasts suggest the VN-Index will fluctuate between 1,230 and 1,280 points from now until the end of the year, coupled with a decrease in liquidity and capital inflow into the market.
In the real estate sector, apartment and land prices in Hanoi and other major cities have skyrocketed since the beginning of the year. A Q3 report by CBRE Vietnam shows that the average selling price of primary apartments in Hanoi has reached nearly 70 million VND/m², recording a 10% increase compared to the previous year. In some projects, apartment prices have doubled in 5-7 years. The price of townhouses in Hanoi has also increased by nearly 27% year-on-year. Land auctions in suburban districts have recently recorded record-breaking winning bids.
However, investors are now more cautious about the FOMO effect in the real estate market. According to experts, the recent surge in apartment and land prices shows signs of abnormality, hinting at a new real estate "bubble" syndrome, bringing many negative consequences and risks to the market and investors.
Resort real estate - A signal that smart money is returning.
While other investment channels are quite risky, resort real estate is showing signs of attracting capital back towards the end of the year. According to Mauro Gasparotti, Director of Savills Hotels, Vietnam's resort industry is experiencing a strong recovery after a period of "hibernation," with demand and business activity at most major tourist destinations recording significant growth.
According to the General Statistics Office, in the first 10 months of 2024, the number of international visitors to Vietnam reached over 14.1 million, an increase of 41.3% compared to the same period last year. In October 2024 alone, the number of international visitors increased by nearly 28% year-on-year, reaching 1.42 million. In addition, the number of domestic tourists in the first 10 months of 2024 is estimated at approximately 100.5 million. In October 2024 alone, the number of domestic tourists reached approximately 5.0 million. Total revenue from tourism in the first 10 months of 2024 is estimated at approximately 690 trillion VND.
Seizing this opportunity, several resort projects have been launched by developers. Recently, Sun Group introduced the Sun Symphony Residence Da Nang resort real estate complex to the market.
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| The Crystal Holidays Harbour Van Don project is currently the focal point of resort real estate in Northern Vietnam. |
In Quang Ninh, one project attracting investor interest is Crystal Holidays Harbour Van Don. According to a survey by BHS Group, this is currently the only high-rise project offering beachfront resort apartments in Northern Vietnam.
The project boasts two facades facing Bai Tu Long Bay and comprises five towers of 28-34 stories, with a total of 2,274 hotel rooms and tourist apartments, along with a multi-functional amenities system including an international convention center, marina, golf course, shopping area, spa, Asian and European restaurants, cigar lounge, sky bar, etc. Phase 1 of the project was topped out in October 2024 and is expected to be operational in Q3 2025.
According to the developer's representative, most customers choose the project because of its prime location, complete legal documentation, beautiful design, guaranteed construction progress, reasonable price, and flexible payment options. This is also a real demand for resort projects today. Therefore, developers need to pay attention to this customer need to attract smart money back into the resort real estate segment.
Project business development units: An Viet Property and Meta Property
Website: https://crystalholidaysharbourvandon.vn/
Hotline: 0938 090 666.
Source: https://baodautu.vn/batdongsan/cuoi-nam-dong-tien-thong-minh-dang-tim-den-bat-dong-san-nghi-duong-d229766.html
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