Lack of supply of apartments for tourism
Preliminary statistics for the first 5 months of 2022, the total number of guests staying to Khanh Hoa is estimated at nearly 700,000 arrivals, an increase of nearly 58% over the same period, the revenue is more than VND 3,877 billion, up 218%. According to the 2022 plan, Khanh Hoa aims to welcome 1.2 million visitors (an increase of 100% compared to 2021). With a good number of visitors in the first 5 months of the year, Khanh Hoa almost achieved its revenue target and reached more than half of the number of guests of the 2022 plan. According to the Khanh Hoa Hotel Association, the hotels have adjusted. prices from 1/6, most of them increase by 20%.
Khanh Hoa tourism returns to the track. However, the supply of new products for tourism and resort has not yet been replenished, especially since finished products and ready to go into operation. Batdongsan.com.vn data shows that the province's real estate search demand increased by 37% compared to the pre-Covid-19 period (first quarter of 2019) and by 25% compared to the first quarter of 2021. However, the volume of listings for sale is concentrated in the type of apartments and land plots. Resort real estate has not changed much.
DKRA's May 2022 market report also noted that the supply and demand of resort real estate recorded a significant increase over the same period last year, mostly in the North and South - accounting for 77%. Familiar areas such as Khanh Hoa, Da Nang, etc. are absent from the new supply.
The value of the apartment facing the sea, close to the road, next to the airport
As a "fertile land" for real estate development associated with tourism and resort, currently the "capital" of Bai Dai resort (Cam Ranh, Khanh Hoa) - Top 10 most beautiful beaches on the planet by National Magazine Geographic (US) also voted for the Prime Minister's approval to plan a high-quality resort gathering 45 luxury resort projects with a total investment of VND 30,000 billion. Therefore, in the future, the opportunity to own a beach resort space is only counted on the fingers because the beautiful land fund is less and less. Meanwhile, the demand and trend of owning beachfront real estate are increasing day by day. In addition to buying beachfront real estate as a product of accumulation and investment, customers also add to the "collection" to serve the family's resort needs.
Looking back at the history of price increases of seafront real estate, it can be seen that the "expensive" the sea routes along the length of the country such as Ha Long, Da Nang, Quy Nhon, Nha Trang, Phu Quoc ... is obvious. . Market survey of An Binh Invest - the developer of The Arena project, the price of beachfront apartments in tourist cities such as Ha Long from 80 million VND/m2, Da Nang 80 million/m2, Nha Trang from 80 - 90 million/m2. From there, it shows the prospect of increasing the price of beachfront apartments in Cam Ranh in the long term when investors catch the right wave of tourism recovery in the second quarter of 2022.
Located right at Bai Dai, on Nguyen Tat Thanh Boulevard, The Arena not only attracts the attention of investors who want to catch the development potential of the market but also the opportunity to own real estate in Hanoi. The most prime location in the resort market. The project converges with the price increase thanks to the dual advantage of location, both facing the beach, close to Nguyen Tat Thanh Boulevard, and close to Cam Ranh International Airport (only 5 minutes away). In particular, The Arena is the project with the best investment rate in the market in the context of current supply limitations.
Pioneering the development of the Homeliday 5.0 apartment line with 6 endless vacations, The Arena offers owners a two-in-one, full-fledged living-resort space throughout the four seasons of the year.
With ready to be exploited from August 2022, The Arena is the only project in Bai Dai operating this year, welcoming a number of tourists to the coastal city. Resonating with a series of unique utilities including the longest pedestrian street in Khanh Hoa, the central square with a capacity of 15,000 people, and the longest lazy river in Khanh Hoa province... the project becomes a rendezvous for relaxation and entertainment of tourists, promises high occupancy when exploiting for rent.
The appearance of The Arena beachfront apartment is an opportunity for investors to own beachfront real estate at a good price, before the market grows, setting a new price ground.