Vietnam's super-rich are pouring money to?

11/11/2016   Viewed: 978
Coastal villas worth millions of dollars is one of the most desirable properties that Vietnam's super rich "hunt" in recent times.
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Not all of a sudden the big names at home and abroad as SunGroup, Vingroup, FLC, BimGroup, CEO Group ... and recently with a few new elements that Lotus, pour purse ThaiGroup develop luxury 5 star resort throughout the well-known tourist destination in Vietnam.

Besides welcoming "tourist wave" is a high growth in the famous tourist destinations such as Da Nang, Nha Trang, Phu Quoc, Quy Nhon, Sapa, Vung Tau, ... the real estate giant also addresses the needs investors from the rich and super-rich world.

This class is increasing in Vietnam. According to several market research firms such prestigious Boston Consulting Group (BCG) and Nielson, the middle class can account for half of Vietnam's population in the next few years.

However, according to research by Savills Vietnam, the majority of this class majority proportion in large urban areas, usually real estate developers focused on the demand for new housing. And the few super rich and famous, wealthy elite have more income 20 thousand dollars / year does not get much attention.

But, the fact is this class of super-rich is rising fast. Evidence on preliminary figures from the General Statistics Office (GSO) estimated super-rich will double over the period 2016 to 2020, rising from 250,000 to an estimated 530,000 households in the period 2016-2020.

This has important implications, about 280,000 households will be out of the middle class to join the wealthier class in the next 5 years to help create an independent consumer segment with considerable purchasing power.

That's probably why it's one of the reasons why the real estate giants to accelerate the construction of 5-star resorts and villas offering coastal amount ever record for about 1 years.

The latest figures from CBRE Vietnam has to offer, shows from 2014 through December 2263 had a total of 9/2016 villas are sold at 3 marine market is Phu Quoc, Da Nang and Nha Trang.
Looking at this figure seemed no penetration in comparison with the tens of thousands of apartments sold during the past year. However, each villa estimates usually average price of 15-20 billion, the wealthy few who also suffered a few tens of trillions spent to purchase this type of luxury property.
Sea villas in Vietnam have cost up to millions of dollars

Sea villas in Vietnam have cost up to millions of dollars

The fact that in the recent round of sales, with the super-luxury villas in Da Nang Beach or Phu Quoc is sold at prices ranging from 85 to 150 billion, well within the normal range of 35 to 40 billion.

Products Sungroup coastal villas, Vingroup or FLC in the past year are selling well. According to its own figures we get, own 2015 Vingroup string of villas Vinpearl in Nha Trang, Da Nang and Phu Quoc has set a record in sales, dominate the market segment.

Specifically, the 1554 mansion has traded successfully in 2015, mainly in new markets is Phu Quoc (820 units more than 850 times that of 2014) and 149 Da Nang base 26 times in 2014. Already 1300 investors have received income from profit commitments from investors.

In the first 9 months of this year, the villa market is rich world continues to pour money shopping. According to a survey from CBRE Vietnam, Nha Trang is the most vibrant market with 396 units being sold, followed by Phu Quoc (140 units) and Da Nang (52 units). However, a total of 3 years, the total number of villas sold in Nha Trang (980 units) but still lost beyond Phu Quoc Da Nang (293 units).

The interesting thing is that the new Phu Quoc new market where the rich are the most popular for almost two years, with 995 units already have owners (98% Vinpearl villa), rather than the Nha Trang or Da Nang.

According to records from the market research unit, the rich world shopping mainly from villas Hanoi occupies 75-80% of people buy a second home.

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