Vietnam Sotheby’s International Realty Spearheads Investment Opportunities across Central Coast Vietnam
April 24, 2013 - Vietnam
Vietnam Sotheby's International Realty, the leading sales agent for the most exclusive properties across Central Coast Vietnam, is leading the way in luxury investment opportunities as the macro economy continues to stabilize and property prices are available at historically low rates.
Furthermore, the launch of Dragonair's Hong Kong to Danang flight path is an encouraging investment in a location where macro-economic pressures have driven prices to historic lows.
The launch of Dragonair's direct Danang flight in March 2013 has already impacted the number of Hong Kong tourists and investors interested in the Central Coast's fabled charms and attractions.
Its appeal extends from stunning beaches and idyllic tropical islands to a unique culinary tradition and three UNESCO World Heritage sites - the picturesque Spice Route trading port of Hoi An, ancient Imperial City of Hue and enigmatic jungle temple ruins of My Son, Vietnam's equivalent of Angkor Wat in Cambodia.
More recently, leading international 5-star beach resorts have opened alongside world-class golf courses by golfing legends, Colin Montgomerie, Greg Norman, Nick Faldo and Luke Donald.
Michael Piro, General Director, Vietnam Sotheby's International Realty comments: "Dragonair's new scheduling of three direct flights a week from Hong Kong has already significantly boosted Central Coast Vietnam's potential to compete against established South-East Asian tourism markets such as Bali, Phuket and Koh Samui.
Hong Kong investors are interested in the relatively low cost of luxury property in the area, caused by a challenging macro-economic environment which has caused prices to come down to attractive levels, with the economy stabilizing and improved access to the area, we anticipate strong growth in the short to medium term making this an exciting time for buyers."
For example, one of the 183 luxury condominiums and 27 three- bedroom pool villas at the Hyatt Regency Danang Resort and Spa, located on 20 hectares of beachfront voted as one of the world's ten most beautiful beaches by Forbes Magazine, can be bought for an entry price point of US$200,000 with a guaranteed return.
In the same way, a three bedroom residence at the award winning Nam Hai resort situated on the same stretch of beach and benefitting from its own infinity pool and full access to the hotel's incredible amenities, was recently bought by a Hong Kong investor for USD2 million, a fraction of the cost of a similar property in Bali or Phuket.
Michael Piro concludes: "Hong Kong has definitely been our strongest market over the last 18 months and sales from this region continue to increase. Overall we believe overseas investors are beginning to gain more serious interest in Vietnam as the country, and specifically the resort market along the central coast, continues to develop in terms of infrastructure, property law, and most importantly, quality housing."
For more information on Vietnam Sotheby's International Realty, please go to: www.sothebysrealty.com.vn
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