Why is the second home model popular in the North of Vietnam?

Second homes are usually at resorts

The second home is being interested by many northern investors when it is possible to both relax and invest in business.

Real estate experts say that customers are now not only interested in legality or commitment to profit. Instead of looking for familiar segments, they aim for new product lines with limited supply. In particular, products that can be rented during an unused period have attracted the attention of many investors.

Anh Tuan, a Hanoi investor who currently owns a number of second home villas in Ha Long, said that tourists love houses located close to the sea. In particular, most of them want to rent coastal villas located in the tourist complex with full facilities, modern entertainment and entertainment services.
Second home products created with novel styles and personality spaces in key tourist cities are becoming the focus of investors when both meeting their resort needs and helping them maximize their stay. profit from the business exploitation by the large filling capacity.

Second homes are usually at resorts
Second homes are usually at resorts

Possessing an expensive advantage in tourism when recording millions of visitors every year, Quang Ninh becomes the leading tourist city in Vietnam, a destination for many tourists. This city is also being expanded by many real estate giants such as Vingroup, BIM Group, FLC, Sun Group, etc.
Along with many big men landing in recent years, Quang Ninh’s continuously developed appearance has become a driving force for the development of local tourism. Therefore, experts say that more and more northern investors are looking to Ha Long in the hope of achieving high profits.

To catch up with the development trend from large corporations, many investors have paid special attention to Quang Ninh real estate. Resort real estate projects possessing a fully planned beachfront location, deployed by big brands, have become the focus of investors in the hope of catching up with the post-pandemic tourism boom.

A corner of Ha Long Bay (Quang Ninh)
A corner of Ha Long Bay (Quang Ninh)

According to the survey, there is not much supply of resort real estate in the Ha Long market that meets the above criteria. The areas close to the sea and on the bay are quite few, a number of projects opened for sale from the previous stages are now sold out, the market has no new supply. Especially, in terms of products, Ha Long is currently mainly a type of real estate for business such as shoptel, shophouse… there is no really new product line to bring a new breath to the market. .

Recently, the Horizon Bay Ha Long project launched, pursuing the Resort Living style, has attracted the attention of investors. The project owns a location on the coast with a direct view of the wonder bay, helping to partly solve the supply problem for residential, resort and business product lines in Ha Long.

Designed with a green campus and an interweaving waterfall system, as revealed by some investors, the project will bring a new living space to satisfy customers’ tastes for a second home that is both safe and secure. residential, resort, can both rent and do business. Thereby, the project partly quenches the thirst of resort real estate in Ha Long and is the solution to the second home problem of professional investors.