return icon

Money starts to pour into resorts

 VietNamNet Bridge – Resort properties have become a busy segment since the beginning of this year.

VietNamNet Bridge – Resort properties have become a busy segment since the beginning of this year.



People look at the model of Lotus Residences in Quang Ninh Province in June. — VNS Photo




Projects that integrate life values and promise excellent profitability are expected to become magnets for investors.

Seeing the great opportunities in the country's northern region, where resort property projects are not as abundant as in the central and southern regions, many developers have poured money into the segment and the market reaction has not let them down.

Townhouses to go on sale

The BIM Group and G5 Property Trading Floor Alliance – the official distributor of Lotus Residences – will jointly open sales of Lotus Residence townhouses in Ha Noi on September 12 and in Quang Ninh on September 20.

Lotus Residences, one of the high-profile projects of the BIM Group that has a diverse portfolio of residential, commercial, hotel and resorts projects in Ha Long, Phu Quoc and Laos, is considered a good choice in the northern property market. The two sale openings of Lotus Residences in June and August grabbed the attention of a large number of buyers.

Covering 40,000sq.m along Ha Long Beach in the prime location of the Ha Long Marina Urban Area, the project will comprise 159 four-storey townhouses designed to harmonise retail, tourism and living purposes, together with high-end amenities such as an all-season swimming pool, modern gym, park and playground. Its construction started began in the middle of May and is expected to be completed within 14 months.

Joining the race in the northern resort property market, the BIM Group recently introduced Van Lien (Lotus Residences), a luxury resort townhouse project in the prime location of the Halong Marina Urban Area in Quang Ninh Province's Ha Long City.

The project, since its first sale in June, has attracted a large number of investors and recorded a considerable number of purchases after two sale openings.

Syrena Viet Nam, a subsidiary of the BIM Group that focuses on property and tourism development, said the project's attraction lies in the integration of the core values of life and investment, its prime location in Quang Ninh Province, one of the most attractive tourist destinations in the north with the World Natural Heritage site of Ha Long Bay, along with well-developed infrastructure and good connectivity.

Quang Ninh has been recognised as the busiest resort property market in the northern region, given its natural advantages and prominent socio-economic conditions. It is reflected in the presence of numerous projects, worth billions of dollars, of major players such as the BIM Group, the Sun Group, Vingroup and FLC, as well as the CEO Group and Tuan Chau.

In addition, more reasonable prices and equivalent profitability, when compared with resort properties in the country's central region, also make the resort properties in Quang Ninh appealing to investors and drive many of them, especially those from Ha Noi and the neighbouring provinces and cities, to make purchase decisions.

Safe investment

Buying a resort property is considered a good decision for investors amid the recovery of the realty market after a prolonged frozen period, as the asset is not only their second home, providing them opportunities to enjoy life in a natural environment and with luxurious amenities, but also a safe investment in the long run.

The BIM Group guarantees a combined profit of up to VND1.7 trillion (US$75.5 million), or 24 per cent of the townhouse's value at Lotus Residences, in the first three years of operation under the "rental pool" management model.

From the fourth year, the townhouse owners will receive 65 per cent of leasing profits, together with 60 days of accommodation for fee (estimated to worth VND300 million ($13,330) per year.

Rental pool is a popular management model followed in resort projects, but applied for the first time in Lotus Residences in Ha long City, in which the parties involved share rental income from a property as well as the expenses associated with its ownership and maintenance.

Amid the recovery of the property market with an abundant choice of projects as investments, industry experts said investors now considered many factors such as location, price, quality and profitability, as well as developers' capacity and prestige, before deciding to purchase anything.



Vietnamese Prime Minister starts official visit to Singapore

Prime Minister Pham Minh Chinh, his spouse, and a high-ranking Vietnamese delegation arrived in Changi Airport on February 8 afternoon, starting a three-day official visit to Singapore.

Businesses discuss ways to overcome challenges in 2023

Warned that uncertainties will still exist in 2023, businesses need to prepare well to weather the storm.

Vietnam's bond market remains quiet this year

The scale of debt in the corporate bond market is less than 15 per cent of GDP.

Organ trafficking in Vietnam driven by high demand, low rate of donation: experts

A conference on organ donation registration and the prevention of human organ and tissue trafficking was held on Monday.

VCCI proposes allowing businesses to set fuel retail prices

The Vietnam Chamber of Commerce and Industry (VCCI) has written to the Government suggesting fuel retail prices be decided by businesses based on supply and demand to prevent fuel shortages.


Vietnam puts children at centre of development policies, strategies: Ambassador

Gov’t issues action plan to realize Hanoi’s development vision until 2045

The Government has issued an action plan to realize Politburo’s resolution on the objectives for Hanoi’s development until 2030, with a vision to 2045.

Commercial sidewalk use may be charged by HCMC authorities

HCMC is planning to allow the paid use of sidewalks for commercial purposes such as vending goods or parking if these business activities leave a space of at least 1.5 meters wide for pedestrians.

CAAV advises caution when buying air tickets

The Civil Aviation Authority of Viet Nam (CAAV) has received feedback on the fact that passengers have to buy air tickets higher than the specified prices on domestic routes, especially during the peak of the Lunar New Year (Tet).

Prime Minister leaves Hanoi for official visits to Singapore, Brunei

Prime Minister Pham Minh Chinh, his spouse and a high-ranking delegation of Vietnam left Hanoi at noon on February 8 for official visits to Singapore and Brunei from February 8-11.

US war veteran wishing to return wartime diary to Vietnamese family

Pater Mathews, a US war veteran, has emailed relevant agencies of Ha Tinh province, central Vietnam, expressing his desire to fly to Vietnam and return a Vietnamese martyr’s diary he came across decades ago to the martyr’s family.


January payment transactions via national public service portal valued at 11.8 mln USD

Vietnam needs new products, services to reach tourism targets

To realise the targets of attracting 110 million tourists and earning some 650 trillion VND (27.5 billion USD) in revenue this year, Vietnam is recommended to develop more products and services to offer new experiences to visitors.

PM Chinh’s Singapore visit expected to advance bilateral trade ties

Prime Minister Pham Minh Chinh’s Singapore visit from February 8-10 aims to affirm the determination to elevate the bilateral economic ties to a new height in the context of many free trade agreement (FTAs) coming into force.

VN to force retailers to generate e-invoices from cash registers

When the technical infrastructure and capacity were upgraded to meet the demand, the regulations about issuing e-invoices from cash registers must then be made compulsory together with the introduction of punishments for violations.