Sun Group’s Euro Village properties sell like hotcakes
Sun Group’s Euro Village properties sell like hotcakes
After its official launch of sales in March, Sun Group’s Euro Village Danang has attracted a lot of attention from investors. The two products garnering the most attention are villas and land for hotels, which promise high profits due to their ideal locations in the city recently named as one of the destinations on the rise by TripAdvisor.
According to statistics by the Danang Department of Culture, Sports and Tourism, the number of tourists arriving to the city has been on a steady increase over the recent years.
Between 2014 and 2015 the number rose from 3.8 million to 4.6 million, marking a 24 per cent increase. Of the total foreign tourists make up 30 per cent. Total revenue from tourism in 2015 was estimated at VND12.7 trillion ($570 million), up 28.7 per cent on-year. As the focal point of three world-renowned cultural heritages, Hue Imperial City, Hoi An Ancient Town, and My Son Sanctuary, Danang set the target to welcome 8.1 million tourists in 2020, including 1.4 million international arrivals, with a tourism revenue of VND14 trillion ($628 million).
The steady increase in tourists has caused a shortage in accommodation, despite frantic investment into hospitality . Hotels are frequently overbooked, especially during national holidays. According to Savills Vietnam, in the third quarter of 2015, three to five star hotels in Danang supplied 7,573 rooms, up 7 per cent on-quarter. Booking rates rose three percentage points to 77 per cent on-quarter. The average room rate went up 8 per cent on-year while the total revenue of these hotels went up 13 per cent on-year.
Experts forecast the growth to continue and even accelerate. Besides annual events, such as the international fireworks competition and the Clipper Race, there are other upcoming events, such as the 5th Asian Beach Games Danang 2016, the 2016 International Conference on Sports and Tourism. The most special event on the horizon is the APEC 2017 summit, which expects to see the participation of 21 countries and thousands of leaders from big international companies. The event “is going to drastically change Danang and the face of tourism in the city,” said Huynh Tan Vinh, chairman of the Danang Tourism Association.
Land located in the city centre and close to the Han River is the hottest. One of the projects that meet all requirements of investors is Euro Village Danang by Sun Group.
Located on an 800-metre long land plot along the Han River, Euro village has a water surface spanning from Dragon Bridge to Tran Thi Ly Bridge. Right on the other end of Dragon Bridge is Nguyen Van Linh financial street, the most luxurious street in Danang. Moreover, Euro Village is two kilometres from Danang international airport and only 500 metres from My Khe beach and its luxury beachfront restaurants.
Euro Village was designed in European style with 100-square metre shop houses, and villas with an area between 250 and 2,300 square metres, all on 24 hectares in total. The project includes the villa area, the shop houses, and the hotel area. With its spectacular location, the hotel is going to profit from numerous free tourism products expected to attract millions of visitors, such as the Happiness Bridge that is currently being constructed and the cruise port.
Property owners at Euro Village can enjoy high quality facilities and a high profit potential. Sun Group aims to make this urban area the highlight of Danang. Investors can see the developer’s effort through the rapid headway it is making.
