TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Danang Resort Residential Heats Up

Category: Real estate, Posted:06 Aug 2009 | 11:17 am

Roll back the clock a few years ago and Danang's China Beach was on the radar of virtually all of the regions hotel chains and institutional property developers. After a rocky road back of a major currency devaluation, hyper-inflation and the slow down of its economy Vietnam is again buzzing with activity in its residential sector.
The current success of Indochina Land's Hyatt Regency mixed use development where resort apartments have not sold just under 100 units in a short period after launch. Surprising many is the fact that most buyers have been Vietnamese nationals who tapped into unit offerings of 75 square meters with sales prices averaging US$2000-2500 dollars per square meter. The ability for locals to finance the units is one of the key demand drivers in what has been a very efficient take up rate.
Other resort destination such as Nga Trang, Phu Quoc and Phan Thiet represent just of few of many locations that hotel managed property developers are chasing deals in. While the Hyatt has been a great success story, there remains question's about the depth of the domestic investment market for secondary purchases. As for now a number of similar projects are spurring a quick entry to the market which currently is rising on favorable sentiment.

Other News

Read more

Direct Bali Phuket Flights Return in Phuket

Category: Hotels|Tourism, Posted:14 Jun 2024 | 08:15 am The once popular Phuket Bali flight route will see AirAsia restart direct flights from 10th August 2024. AirAsia Indonesia will be the carrier and flight frequency will be three times a week. Bali hosted nearly 600,000 international visitors in May with Australia ranking 22.5% share, followed by India with 11.3% and China on the rise […]
Read more

Registration Open for Mind the Gap – Women & Diversity in Hospitality – A Learning Event

Category: Hotels|Tourism, Posted:13 Jun 2024 | 09:55 am Diversity, inclusiveness, and equality are core issues for the hospitality industry. C9 Hotelworks and the Phuket Hotels Association have organized a learning event titled ‘Mind the Gap, Women & Diversity in Hospitality on Saturday 31st August at the SAii Laguna Phuket. Join us in this unique, candid, and insightful half-day session that takes a closer […]
Read more

Samui’s Booming Villa Rental Marketed Featured in New C9 Hotelworks Report

Category: Hotels|Real estate, Posted:11 Jun 2024 | 07:04 am Standalone villas shake up traditional hospitality supply as the market rises. Increasing demand for multi-bedroom accommodation growing, coupled with a preference for spacious and private villas according to new research from C9 Hotelworks in their new Samui Villa Rental Market Review. In recent years, private villas rented as vacation homes have emerged as a significant […]
SiaJai logo

Thailand's Leading Homecare Marketplace