Official launch of 5-star bay-front hotel and apartment complex in Ha Long

20/03/2021

The tourism picture of the heritage city has witnessed a dramatic change in recent times thanks to the development of transport infrastructure, the addition of many attractive products and experiences to attract a huge flow of visitors. In the context of Quang Ninh continuing to invest hundreds of billions of VND in tourism stimulus activities, the early period of 2021 is the golden time for real estate projects to launch and attract the strong cash flow into real estate here.

Cash flow returns

Virtual fevers are the dark side of the market recorded in early 2021. Recently, the government of Ha Long city, Quang Ninh also issued a warning about the virtual land fever and the tricks of speculative groups taking place in some plots of land in residential planning of projects that are not qualified to transfer land use rights.

According to experts, the warning move from the management agency is necessary, but the market will gradually adjust when the supply from projects with clear legal status, beautiful locations, profitable prospects or positive business exploitation is launched. Sophisticated investors are still operating quietly, waiting for good opportunities.

A recent report by Vietnam Report stated, Resort real estate is the most heavily affected segment, but in the second half of 2021, if the vaccine is widely deployed, it can develop again. Because the characteristic of resort real estate is seasonal, it only needs to operate for 6 months to recover and compensate for losses throughout the year.

However, in the current epidemic context, investors tend to play it safe with products that can both exploit business and have long-term ownership, ensuring safe asset accumulation. À La Carte Halong Bay is one of the rare products on the market that can impressively meet that criterion.

The 5-star hotel & bay-front apartment complex in Ha Long launched at the end of March promises to create an explosion when it owns a height of 41 floors - the unique height in the current heritage city, on the other hand, 5-star service quality projects are rare in Ha Long. In particular, the 2 product lines Skybay Suite (hotel apartments) and Skybay (serviced apartments) of the project both bring long-term ownership to the owner, identifying a valuable asset for investors to pass on to their generations.

In addition, the solid macroeconomic foundation and the effects of the infrastructure revolution in Quang Ninh in general and Ha Long in particular also create a strong momentum for resort real estate here.