Mövenpick villa by the sea in Cam Ranh Bay, a hot investment
Mövenpick villa by the sea in Cam Ranh Bay, a hot investment
Like Danang, Nha Trang or Phu Quoc, Cam Ranh Bay has become an attractive destination for spa resorts with several emerging investment projects with high potential returns for both domestic and foreign investors.
Cam Ranh Bay’s long coastal line and many beautiful beaches make coastal resort properties in the area promising investments. In the last two years, the market has witnessed a substantial number of projects launched here.
According to a real estate expert, resort properties projects are currently in high demand. The projects currently on the market provide many options with different price levels to target different customers. Moreover, the price of resort properties is predicted to continue increasing together with the development of the tourism sector in the upcoming period.
Like Danang, Nha Trang or Phu Quoc, Cam Ranh Bay, with well-constructed infrastructure, has become an attractive destination for spa resorts and several emerging investment projects with high potential return for both domestic and foreign investors.
Among projects in Cam Ranh Bay, the Mövenpick Cam Ranh Resort, with outstanding policies, has become an appealing choice for customers.
The reason for the attraction of Mövenpick Villas is the reputation of the operator, Swiss hotel management company Mövenpick Hotels & Resorts, which plays an important role in increasing the rate of return of the project.
Customers can use their villa for up to 180 days a year or join in the subleasing program to sublease their villa and get 85 per cent of the leasing revenue or an amount no less than 10 per cent of the price of the villa per annum for 10 years.
Different from all other resort properties in Viet Nam, the project bears the Mövenpick trademark which ensures Mövenpick Hotels & Resorts’ 5-star quality in design, construction, maintenance and operations. Investors can use, trade or transfer their villa under the trademark of Mövenpick Villas.
“After considering some investment projects, I decided to invest in Mövenpick Cam Ranh. In addition to the promised high rate of return, reasonable price, and being able to get a long term loan of up to 70 per cent of the value of the villa, my investment is also guaranteed by the bank, if I want, with minimum rate of return for leasing for 9 per cent per annum. This is the only coastal resort property in Vietnam that has this policy,” said Hung Duc Tran, an investor looking for a villa by the sea.
Mövenpick Villas are also favoured because it satisfies the most important criterion for a coastal resort property – having a unique design that faces the sea. Not only do the 121 Mövenpick Villas have ocean view but also all the rooms in the villa are designed to have unobstructed views.
More importantly, after buying a villa, investors also expect that the price of the property will increase.
This depends on the potential of tourism at the location. Mövenpick Cam Ranh Resort has a favorable location with 800 metres in the total 26-kilometre coastal shore of Bai Dai, Cam Ranh, Khanh Hoa. This is one of the most beautiful shores in Vietnam and the booking rate can reach 90 per cent in peak season.
When assessing the potential rate of return in resort property, experts said that this is the most suitable time for investment. However, investors should carefully inspect the investment and other related factors.
“Resort property is a long-term investment. The investor should pay attention to the rate of return, the developer and the operator as well as other factors like the location and the potential for tourism development of the project,” an investor said.
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