VI
EN
So what makes InterContinental Phu Quoc Long Beach Resort & Residences so attractive to investors?
It can be said that the key factor contributing to the appeal of InterContinental Phu Quoc Long Beach Resort & Residences is the opportunity for customers to experience the project firsthand.
Currently, most apartment projects introduced to the market are only in the foundation construction phase. Therefore, buyers can usually only get an idea of the scale and quality of the project through design images and model homes. The rest is left entirely in the developer's trust.
This payment method helps reduce the financial burden on homebuyers because payments are made according to the construction progress, and the developer does not have to invest a large amount of capital in project development. However, this option also carries many risks regarding project quality and progress.
Conversely, projects that are nearing completion or already operational are few and far between when offered for resale. Therefore, these types of projects usually have relatively good liquidity because they alleviate customer hesitation.
Therefore, InterContinental Phu Quoc Long Beach Resort & Residences is one of the projects attracting particular attention from investors.
Currently, the project's construction is over 70% complete, and customers can see the outstanding advantages of the project by experiencing the actual product firsthand.
The show apartment at the project has now opened, allowing customers to see and touch their future apartment and their cherished investment firsthand. Notably, the project is designed and finished to the highest and most stringent standards of the InterContinental Hotels Group, so when customers visit the show apartment, they can directly experience and assess the quality of materials and interior design of the apartments once they are operational. Visiting the project now, customers can also admire the stunning ocean views from the project site.
Furthermore, the brand factor is also a very prominent advantage of the project. The 115 luxury resort apartments of InterContinental Phu Quoc Long Beach Residences are among the first resort apartments in Asia managed by InterContinental Hotels Group (IHG) under its most prestigious brand, InterContinental Hotels & Resorts. With 70 years of experience, InterContinental® Hotels & Resorts is the world's first international luxury hotel brand with over 180 hotels in more than 65 countries. Mentioning this brand brings to mind one of the most rigorous management in the resort industry, a brand where professionalism and standards are the benchmark. Choosing a new project to entrust with this prestigious brand is no easy feat. Therefore, the InterContinental Hotels & Resorts brand not only elevates the hotel service standards of Phu Quoc but also contributes to promoting Phu Quoc as a "paradise resort" to the global market. Customers not only own a luxury resort apartment but also own a part of a globally renowned brand. This is something very few projects can offer.
The third highlight, and one of the factors that makes InterContinental Phu Quoc Long Beach Resort & Residences attractive to investors, is that the developer, BIM Group, applies a policy of sharing 40% of revenue instead of using profit as the unit of calculation as is the market practice.
With this revenue-sharing model, customers will not need to worry about hotel operating costs, which include many items that even professionals struggle with, making it easier for customers to effectively manage profitability. Furthermore, for the first 9 years, the investor, BIM Group, guarantees a return of no less than 9% per year.
Not only does InterContinental Phu Quoc Long Beach Residences offer perfect holidays according to international standards, but it also provides a regular and sustainable source of income as well as increasing property value for investors who purchase apartments here.
Location is also a strong point of the project, situated in Bai Truong, Phu Quoc – a land of promise and immense potential for the real estate market. In terms of tourism potential, Phu Quoc is generously endowed with 150km of coastline featuring long stretches of white sandy beaches, turquoise waters, vast primeval forests, year-round sunshine, and no typhoons. Combined with its strategic location, being only 1-2 hours flight from major Southeast Asian tourist centers like Singapore, Bangkok, and Ho Chi Minh City, Phu Quoc is considered a "gold mine" for Vietnam's tourism industry.
In 2012, Phu Quoc only received 313,000 tourists, but just one year after the new airport opened, the number increased by 53%. Major investors are eager to capitalize on Phu Quoc's "golden land." A few years ago, it was difficult to imagine the current boom in Phu Quoc's tourism. This includes the first phase of the Safari zoo, the world's longest over-sea cable car system, and a marine entertainment complex under construction in the south of the island. In addition, a series of golf courses and resorts with casinos, a super-luxury international cruise ship terminal, and more have been developed and are expected to open in mid-2017.
The development of casinos has truly heated up the real estate market in Phu Quoc. The granting of casino investment licenses in Phu Quoc presents an opportunity for this island district to achieve a breakthrough in its future development. Especially at the beginning of 2017, the Government approved Decree 03/2017, a pilot program allowing Vietnamese citizens to play in casinos. Specifically, Vietnamese citizens are allowed to play in casinos at locations that meet the regulations in this Decree and are authorized by the competent authority. Fortunately, Phu Quoc Casino and Van Don Casino are the only two locations in Vietnam selected for this pilot program allowing Vietnamese citizens to play. Allowing Vietnamese tourists to play in casinos is appropriate and a positive sign for Phu Quoc's tourism industry.
With its unmissable potential and profitability in Phu Quoc, it's easy to see why the InterContinental Phu Quoc Long Beach Resort & Residences will become a highly profitable resort hotel business location, a "golden opportunity" for investors. MGV, a reputable distributor, is the project's distributor.
Hotline: 098 999 9901
