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Transform Phu Quoc Island into a paradise resort.
Phu Quoc, the largest island in Vietnam, boasts 150km of coastline with some of the most beautiful pristine beaches in the country. In addition, it features 99 mountains, well-preserved primeval forests, and a cool climate year-round with two distinct dry and rainy seasons, with virtually no typhoons affecting the area. Significantly, in terms of its legal status, the 2013 Constitution enshrines the term "Special Administrative and Economic Zone," and the Party and Government have decided to make Phu Quoc a special zone with the most favorable mechanisms to compete with other special zones around the world such as Hong Kong, Macau, or famous resort destinations like Bali, Langkawi, and Phuket.
At a recent meeting with the leaders of Kien Giang province, the Prime Minister directed: “In the near future, Phu Quoc must strive to become a comprehensively developed and prosperous province based on its natural advantages, becoming a regional resort paradise, with the central driving force of breakthrough development being the Phu Quoc special economic administrative model.” “Focusing on Phu Quoc’s development is not about competing with other localities, but about attracting resources and development opportunities so that the Pearl Island can compete effectively and fairly with other countries, possessing international appeal, and attracting investors, talented people, and wealthy individuals…” – the Prime Minister emphasized.
In fact, with special development incentives, Phu Quoc is poised for breakthrough development in the near future. With its inherent strengths, the Pearl Island is attracting increasingly large capital investments from major investors. Mr. Pham Vu Hong, Chairman of the People's Committee of Kien Giang province, stated that from 2015-2016, the state budget allocated to the locality was 25,460 billion VND. Phu Quoc attracted 254 projects with an estimated total investment of 337,836 billion VND, including 22 foreign direct investment (FDI) projects with a total capital of 282 million USD. To date, 193 projects have been granted investment registration certificates, 30 projects are operational, 24 projects are under construction, and the remaining projects are completing investment procedures. The total number of businesses in the area has reached 2,310, with a total registered capital of over 62 trillion VND. The number of tourists visiting the island is also continuously increasing sharply. In 2016, Phu Quoc received 1.43 million visitors, a 52% increase compared to 2015 and a 230% increase compared to 2013. Currently, the island has over 10,000 accommodation rooms, including 3,539 rooms in 3-5 star standard, enough to accommodate 20,000 guests per day. Many large economic groups have invested in Phu Quoc, such as Vingroup, BIM Group, Sun Group, etc., with projects of international scale.
BIM Group is currently developing InterContinental Phu Quoc Long Beach Residences. Located on Long Beach, in a unique and rare location with views of both mountains and the sea, the project quickly attracted buyers even before its official launch (at the end of April 2017). Hundreds of applications to purchase homes in this project have already been received.
InterContinental Phu Quoc Long Beach Resort & Residences with world-class amenities
Advantages of InterContinental Phu Quoc Long Beach Residences
Investor analysis suggests that the first factor contributing to the special appeal of InterContinental Phu Quoc Long Beach Residences is the synergy of two major brands: InterContinental Hotels & Resorts and BIM Group. As a multi-sector economic group in Vietnam with over 20 years of development and a solid financial foundation, BIM Group has developed numerous large-scale real estate projects, including Fraser Suites Hanoi, a luxury rental apartment complex with an occupancy rate consistently above 95%, and home to many ambassadors, senior managers, and Japanese businesspeople – all known for their high standards of service quality.;Halong Marina tourist urban area and Royal Square hotel, office, and shopping complex - the most modern 5-star complex in Vientiane (Laos)....
Meanwhile, InterContinental Hotels Group PLC (IHG - headquartered in Denham, UK) currently owns approximately 750,000 rooms in over 5,000 hotels in nearly 100 countries and has consistently held the top spot in global hotel rankings in recent years, with total revenue reaching approximately US$24 billion in 2015. With over 70 years of experience, IHG owns nine world-renowned hotel brands: InterContinental Hotels & Resorts, Crowne Plaza, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge, Candlewood, EVEN Hotels, and Hualuxe Hotels & Resorts. With the strength of the investor and the outstanding reputation of the management company, IHG's large global customer base is a guarantee of stable and long-term occupancy for InterContinental Phu Quoc Long Beach Residences.
The second advantage of the project lies in its đẳng cấp (high-class) design. InterContinental Phu Quoc Long Beach Residences is meticulously crafted down to the smallest detail, built and developed by a reputable investor, designed by renowned architects, and constructed by experienced contractors to maximize the exquisite beauty of nature and create world-class resort masterpieces. Each InterContinental Phu Quoc Long Beach Residences apartment inherits the unique natural beauty from the waterfront to the majestic hilltop… with 5-star quality and the rigorous standards of the IHG group, providing a truly luxurious living and vacation experience for owners and guests.
The harmonious blend of sophisticated architecture and the stunning landscape of the entire project is further showcased in the top-tier amenities within InterContinental Phu Quoc Long Beach Resort, such as an infinity pool, a luxurious spa, 24/7 restaurants, a pool bar, a sky bar, a high-end fitness center, a children's play area, and a conference room with a capacity of 900 guests. The resort apartments are also connected to the amenities of the Phu Quoc Marina tourism complex: Phu Quoc Waterfront commercial townhouses, Sailing Club, leading beachfront restaurants and bars in Southeast Asia, a water park, and a seaside plaza.
The modern architecture and unique details of InterContinental Phu Quoc Long Beach Resort & Residences have impressed many customers even during the construction and completion phases.
The third outstanding feature is that this complex offers a rare opportunity for profitable investment. The project boasts an ideal guaranteed return of up to 9% per year, maintained continuously for 9 years. Investors receive interest immediately upon paying 100% of the purchase contract value. Furthermore, the developer commits to a minimum 20-year lease with the possibility of renewal, sharing up to 40% of room revenue, and property owners also receive 20 complimentary nights per year. According to a survey of the hotel industry by Grant Thornton, operating costs account for over 70% of the total revenue of 4-5 star hotels. BIM Group's policy eliminates a major concern for investors and helps them manage the profitability of their assets more effectively. Furthermore, due to the limited number of only 115 luxury resort apartments and 5 luxury villas, these properties have the potential for significant price appreciation, especially given that resort real estate is a new investment trend entering its peak period.
Notably, when this project was launched for sale, construction progress had already reached over 70%. This was also a compelling point, attracting many customers to focus their investment on this project.
The overall construction progress of InterContinental Phu Quoc Long Beach Resort & Residences has reached over 70% completion.
Thus, owning an InterContinental Phu Quoc Long Beach Resort not only affirms the owner's status but also represents a sustainable investment opportunity, yielding value appreciation over time. Thanks to its outstanding advantages, InterContinental Phu Quoc Long Beach Resort is expected to heat up the Phu Quoc real estate market.
