Peri-urban resort real estate buyers now expect not only in a place that brings balance to life, but also in the ability to generate cash flow and it must truly be like a piece of jewelry that is priced and available. creditial.

According to Mr. Nguyen Tho Tuyen, Chairman of BHS Real Estate Joint Stock Company, after a long period of economic growth, the elites in big cities in Vietnam are quite numerous. They are rich from many professions and always have the need to invest and express themselves through real estate.

It seems that the elite’s need to buy real estate in the suburbs for relaxation has emerged after a long quiet time, sir?

Mr. Nguyen Tho Tuyen: Investment needs of the elite over the past few years are coastal resort real estate products such as sea villas and condotels or land plots in provinces with potential for development. Meanwhile, the supply is in big cities like Hanoi and HCMC. HCM is very limited so investors have very few choices. After a long period of growth, the influx of coastal resort real estate prices has been too high and has broken commitments in a series of projects. The land price has also increased dramatically and is far from the real demand of the local people.

Investors may gradually realize that investing in certain types of real estate has real value, both safe and profitable at the same time. On the other hand, at present, the demand for relaxation of people is very diverse and is 365 days / year, not just summer vacation at the beach. As the transport infrastructure develops, tourists prefer to drive their own cars instead of having to travel far by plane. Understanding that demand, many developers have stepped up the planning of “suburban resort real estate” product lines.

This property is characterized by the location not too far from the city, about 1-1.5 hours by car, beautiful scenery, rich terrain (forests, hills, streams …), atmosphere, fresh. Perpetual property is preferred by customers over 50 or 70 year ownership. This type is usually well planned for a resort from famous or experienced architects.

This property also requires investors to have financial advantages and experience, and developers often use branded management units for better property management and increase ability to rent.

Thus, the owner of a suburban resort property has a number of advantages such as long-term ownership of a resort property and it is possible to increase prices in the future; get a monthly cash flow from a sublease trust; Show your class in society by owning a second home; and there is a place to balance your life and be with your family in a high-class place.

With these advantages, the suburban resort real estate line is being extremely attentive and ready to invest by customers.

Mr. Nguyen Tho Tuyen: Hoa Binh province is the most attractive destination for cash flow to invest in real estate peri-urban resorts

In your opinion, which areas on the outskirts of Hanoi are ideal for resort real estate development, why? Which areas have a lot of potential but have not been exploited and can become the destination of cash flow in the near future?

Mr. Nguyen Tho Tuyen: As analyzed above, places not far from Hanoi with good landscape, topography and environment will attract investment cash flows. Therefore, we can see that some provinces are arranged according to the following priority order: Hoa Binh, Vinh Phuc, Quang Ninh, Phu Tho, Tuyen Quang. These are localities very close to Hanoi, with highways passing through and a very diverse topography suitable for the development of this real estate line.

According to your experience, what has changed in the current suburban resort real estate market compared to previous years? What are developers doing to adapt to this change?

Mr. Nguyen Tho Tuyen: In the past, the investment in suburban resort real estate belonged to small developers, quite fragmented, asynchronous and inadequate in scale and utility. This limits the customer’s ability to stay for a long time. Currently, many big investors have joined such as Vingroup, Sungroup, Ecopark, Flamingo, An Thinh Group. These developers focus on planning, utilities, entertainment areas, and especially operations management, because they understand that the ability to run rooms is vital to real estate.

According to him, the demand for peri-urban resorts is only temporary during the Covid-19 epidemic when people are afraid to travel by plane to sea resorts, or will be a long-term development trend. in the years to come?

Mr. Nguyen Tho Tuyen: This is not a type of real estate arising from a situation, but in the world it is also considered a very effective real estate line. Therefore, peri-urban resort real estate will be absolutely an essential need of investors and long-term developers. In particular, in a modern world, when the workload is large, people are easily imbalanced, the living environment is polluted and a variety of epidemic risks, the ownership of a vacation home. dollars are essential for the rich. They can both hoard wealth, cash flow, but also shelter when they want to stay away from pollution and disease.

In your opinion, is the suburban resort real estate market competitive enough to attract investment cash flow like beach resort real estate?

Mr. Nguyen Tho Tuyen: Peri-urban resort real estate has many advantages to exploit tourists in the city, but it is difficult to exploit foreign tourists. Therefore, marine tourism is still the ideal destination for a variety of tourists. This shows that these two types do not compete too fiercely in terms of visitor source. The parallel development of both types will bring safety for investors and balance different types of tourism. These two types will complement each other, not compete completely.

However, with the strong development of suburban resort real estate and the methodical investment of developers, as well as the recession of marine real estate, in the future, it is very likely that real estate. Peri-urban resorts will account for a large proportion in the investment structure of investors.

Currently, real estate investors on the outskirts of Hanoi tend to buy individual land in residential areas to build weekend houses or buy in projects with professionally operated managers. Can you tell us the pros and cons of these investments?

Mr. Nguyen Tho Tuyen: Yes, at present, there are many styles of resorts near the city. However, there are two popular styles: The first is the purchase of self-managed land and the second is the purchase of a master planned project house in a resort style.

For the first type, buying land separately in a residential area has advantages such as the price per square meter is quite cheap, you can design, build your own style and raise as you like.

However, the disadvantage of this type is high investment in infrastructure, landscape, and housing; there are no centralized facilities such as amusement park, gym, spa; unprofessional operation management leads to rapid deterioration of real estate and difficult to increase prices in the future; Low rental capacity due to free business. Security also does not guarantee that it is difficult to show the owner’s brand because they are not in a reputable population.

In addition, the buyer may face the risk that if there is a project planning on the invested land, the house will be subject to ground clearance.

For the second type, buying a house in a resort-style planning project has the advantage of being in a well-planned project that will benefit from infrastructure, utilities, and entertainment areas. middle; Being operated methodically and professionally should keep the value of the house; Guaranteed security by centralized management. The rental capacity is also high due to being located in a branded population (reputable destination) and the ability to increase prices well when doing good business and the supply of this type is not much. In addition, this model is also legally safe because it is in a project licensed in accordance with the law and helps increase the brand value of the owner by owning a house in a branded population.

The downside of this model is that the house owner is not free to change the height and model of the house as he / she is in the approved master plan. Turning the house into a farm was not possible due to the compliance of the district’s code of governance.

In general, 10 years ago there was a wave of investment in the first type. Buyers often buy together a hill or a plot of land to build on their own. The money to buy the land is quite cheap, but the investment in infrastructure and the house is huge. The house is mainly used as a farm and gradually the owner does not go up very often nor rent drugs. The house will become abandoned and have no added value.

Currently, investors have calculated a lot more. They expect not only a place that brings balance to life but also profitability of cash flow and it must be truly a valuable and liquid jewelry set. Therefore, the second type of resort property has the opportunity to develop more sustainably.

Source: The Leader