Real estate with marina: the standard of the upper class

Vietnam - Potential market for yachts

Along with the hobby of collecting supercars and luxury goods, yachts also contribute to raising the status of the owner. Therefore, waterfront real estate (riverside, sea) with marinas is also favored by the upper class.

Vietnam has a coastline of 3,260 km and a lot of potential to develop the yacht industry in the near future. That is the reason why, in recent times, many international yacht brands have begun to approach the Vietnamese market. Typically, in late 2020 - early 2021, Saigon Yacht Show 2021 - a yacht exhibition event with the presence of many leading brands in the world such as Lagoon, Princess, Galeon, Chaparral, Regal, Corsair... took place in Ho Chi Minh City.

Currently, it is estimated that there are more than 40 yacht brands operating in the Vietnamese market. However, the difficult problem is the berthing space, in the context of no clear regulations for yacht berths.

Buying a yacht is easy, finding a place to moor is difficult

In Vietnam, the rich are willing to spend millions of dollars to own a yacht. However, they need to find a place to moor their “floating villa”. Yachting is a young industry, so the problem of launching yards, mooring docks, yacht maintenance and protection services, and infrastructure for yacht ownership are quite scarce or inconvenient.

Due to the lack of planning for inland waterway infrastructure and other related planning, there is no basis for considering approval for organizations, individuals, and households to be allowed to anchor inland waterway vehicles to serve the needs of travel and tourism by waterway. Currently, most vehicles must anchor at licensed wharves, which are located very far away.

According to the report of the Department of Transport of Ho Chi Minh City, the total number of registered yachts of households and individuals in operation is 50, plus 390 canoes of households and individuals (not including those of agencies and units). The leaders of the transport sector assessed that the need for mooring of watercraft of organizations and individuals (households) on inland waterways in Ho Chi Minh City is very large.

Not only in Ho Chi Minh City, many famous river tourism destinations also have a shortage of yacht parking space. For example, the coastal tourist cities of Vung Tau, Da Nang and Hanoi also face similar problems in finding a suitable berth.

Double profit from investing in a villa with a marina available

According to Knight Frank's report, in the next 5 years, the growth rate of the number of super-rich people in Vietnam will be 31% - one of the highest rates in the world. It is expected that by 2025, Vietnam will have 511 people with assets of over 30 million USD and 25,812 with assets of over 1 million USD. This also means that the demand for luxury products will be much higher than it is now. In addition to beautiful houses, luxury cars, expensive fashion... the rich are looking for a new asset, which is yachts and real estate with yacht marinas.

Also from another report by Knight Frank, waterfront real estate globally is currently priced about 40% higher on average than products of the same scale, amenities, and construction quality. Therefore, luxury waterfront complexes such as Marina Bay (USA), Hillarys Marina in Australia, The Palm Island (Palm Island) of Dubai, Marina Cove of Hong Kong or Marina Bay Sand in the Lion Island always become the choice of upper-class residents - from billionaires, politicians, to world-famous stars.

Anticipating this trend, Novaland with many riverside and coastal projects is pioneering the creation of a high-end real estate segment combined with marinas exclusively for the upper class in Vietnam.

One of the outstanding projects of this type of real estate that is about to be introduced to the market is Long Island. This is the next phase of NovaWorld Ho Tram launched in the resort tourism capital of Ho Tram. With the advantage of being located on the most pristine and beautiful natural beach in Vung Tau, bordering the forest and river, Long Island owns a unique location in the area.

Many businessmen and celebrities have set their eyes on the Long Island project at the first visit, showing the attraction of this type of real estate. It can be understood that yachts and a private mooring place are the most classy living symbols of the upper class, who not only have financial potential but also possess exquisite aesthetic taste.

More information

Long Island is the 6th phase introduced to the market by NovaWorld Ho Tram. The villas are surrounded by a lagoon system with a dedicated marina for yachts right at the doorstep.

For more information, contact hotline 0909888886 or website novaworldhotram.vn

Huy