Turning Pearl Island into a resort paradise
Phu Quoc is the largest island in Vietnam with 150km of coastline and the most beautiful pristine beaches in the country. In addition, there are 99 mountains, pristine forests preserved intact, cool weather all year round with two dry and rainy seasons, almost no storms affect. Particularly, in terms of institutions, in the 2013 Constitution, the phrase "Special Economic Administrative Zone" is stipulated and the Party and Government's policy is to make Phu Quoc a special zone with the most preferential mechanisms to compete with other special zones in the world such as Hong Kong, Macau... or famous resorts such as Bali, Langkawi, Phuket.
At a recent meeting with Kien Giang province leaders, the Prime Minister directed: “In the near future, Phu Quoc must strive to become a province of innovation and comprehensive prosperity based on its natural advantages, becoming a resort paradise in the region, in which the central driving force of breakthrough development is the special economic administrative model of Phu Quoc”. “Focusing on Phu Quoc development is not to compete with other localities but to attract resources and development opportunities so that the Pearl Island can compete effectively and fairly with other countries, has international appeal, attracts investors, talented people, rich people…” – the Prime Minister emphasized.
In fact, with special development incentives, Phu Quoc is ready for breakthrough developments in the coming time. With its existing internal resources, the Pearl Island is attracting more and more large capital sources from "big" investors. Mr. Pham Vu Hong, Chairman of the People's Committee of Kien Giang province, said: from 2015-2016, the state budget for the locality was 25,460 billion VND. Phu Quoc attracted 254 projects with an estimated total investment capital of 337,836 billion VND, of which 22 are foreign direct investment projects with a total capital of 282 million USD. To date, 193 projects have been granted Investment Registration Certificates, 30 projects are in operation, 24 projects are under construction and the remaining projects are completing investment procedures. The total number of enterprises in the area reached 2,310, with a total registered capital of over 62 trillion VND. The number of tourists to the island has also continuously increased sharply. In 2016, there were 1.43 million visitors, an increase of 52% compared to 2015 and an increase of 230% compared to 2013. Currently, the whole island has over 10,000 accommodation rooms, of which 3,539 are 3-5 star standard rooms, enough to accommodate 20,000 guests per day. Many large economic groups have invested in Phu Quoc such as Vingroup, BIM Group, Sun Group, ... with projects of international scale.
BIM Group is currently developing InterContinental Phu Quoc Long Beach Residences. Located in Bai Truong, in a unique and rare location, with views of both the mountains and the sea, the project has quickly attracted buyers even before it officially opened for sale (at the end of April 2017). There have been hundreds of applications to buy houses in this project.
InterContinental Phu Quoc Long Beach Resort & Residences with a system of high-class amenities
Plus points for InterContinental Phu Quoc Long Beach Residences
Investors analyze: the first thing that makes InterContinental Phu Quoc Long Beach Residences especially attractive is the resonance of two major brands InterContinental Hotels & Resorts and BIM Group. As a multi-industry economic group in Vietnam, with over 20 years of development and a solid financial foundation, BIM Group has been developing many large real estate projects, including: Fraser Suites Hanoi luxury apartment complex for rent with an occupancy rate always reaching over 95%, is the residence of many ambassadors as well as senior managers, Japanese businessmen, who are very strict in service quality.;Halong Marina tourist urban area and Royal Square hotel, office and commercial center complex - The most modern 5-star complex in Vientiane (Laos)…
Meanwhile, InterContinental Hotels Group PLC (IHG - headquartered in Denham, UK) currently owns about 750,000 rooms in more than 5,000 hotels in nearly 100 countries and has maintained its "throne" in the global hotel rankings in recent years, with total revenue reaching approximately 24 billion USD in 2015. With 70 years of experience, IHG has 9 famous hotel brands in the world including 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 manager, IHG's large global customer base is a guarantee for the stable and long-term number of tenants of InterContinental Phu Quoc Long Beach Residences.
The second plus point for the project is the class in design. InterContinental Phu Quoc Long Beach Residences is taken care of in every detail, built and developed by a reputable investor, designed by a famous architect, an experienced construction unit to promote all the wonderful values of nature and create the world's top resort masterpieces here. Each InterContinental Phu Quoc Long Beach Residences resort apartment inherits the unique beauty of nature from the water surface to the majestic hilltop... with 5-star quality and the strict standards of the IHG group, bringing the experience of living space as well as a truly luxurious vacation for owners and visitors.
The harmonious design between the sophisticated architecture and the beautiful landscape of the entire project is also reflected in the top-notch amenities in InterContinental Phu Quoc Long Beach Resort such as infinity pool, luxury spa, 24/7 restaurant, pool bar, sky bar, sports center with high-end equipment, children's entertainment area and conference room with capacity of 900 guests. The resort apartments here are also connected to the amenities of Phu Quoc Marina Tourism Complex: Phu Quoc Waterfront Commercial Townhouses, Sailing Club, restaurants, leading coastal bars in Southeast Asia, water park, sea square...
The modern architecture, unique in every detail of InterContinental Phu Quoc Long Beach Resort & Residences, convinced many customers even when it was still under construction and rushing to complete.
The third outstanding point is that this complex offers a rare profitable investment opportunity. The project has an ideal profit commitment of up to 9%/year and is maintained continuously for 9 years. Investors receive interest immediately upon paying 100% of the purchase contract value. In addition, the investor also commits to be responsible for leasing for at least 20 years with extension, sharing up to 40% of room revenue, and the property owner is also given 20 nights/year. According to Grant Thornton's hotel service industry survey report, operating costs account for more than 70% of the total revenue of 4-5 star hotels, so the above policy of BIM Group will eliminate a major concern for investors and help them more easily manage the profitability of the property. In addition, due to the limited quantity of only 115 luxury resort apartments and 5 luxury villas, these properties have the potential to increase in price very high in the context of resort real estate being a new investment trend and entering a period of prosperity.
In particular, when this project was launched for sale, the construction progress was more than 70% complete. This is also a convincing point, causing many customers to focus their investment on this project.
The overall construction progress of InterContinental Phu Quoc Long Beach Resort & Residences has been completed to more than 70%.
Thus, owning InterContinental Phu Quoc Long Beach Resort not only affirms the class of the owners but is also a sustainable investment opportunity, bringing added value over time. Thanks to its outstanding advantages, InterContinental Phu Quoc Long Beach Resort is expected to heat up the Phu Quoc real estate market.
