After many years of expanding to the west to solve the need for people to relax, Nha Trang is currently focusing on developing to the north to promote the exploitation of tourism and resort potentials. Attracting many large investors with international projects, this area is expected to be the focus of Nha Trang real estate market in 2019.
Large capital flows are flowing to Northern Nha Trang
Meeting all conditions to become an international tourist center that is one of the 29 most beautiful bays on the planet, Nha Trang real estate market has always been highly appreciated by investors and experts. liquidity and quick profitability. According to the forecast of Khanh Hoa tourism industry, in 2019 the province aims to welcome 7 million tourists to Nha Trang, including 3 million international visitors; The target of 2020 is to reach 8 million visitors and 16 million visitors by 2030.
This is one of the key factors to create growth momentum for Nha Trang real estate market, especially the tourism-resort segment in the coming years.
Besides, Khanh Hoa is also promoting development to become a centrally-run city by 2025. Thanks to its key position in the province’s development strategy, investment capital flows to Nha Trang will surely increase. strong, helping the real estate market here which has been “hot” becomes more exciting than ever.
The main inheritance of this large capital flow is 2 key areas: West and North Nha Trang. If the West is expanded to address the needs of population relaxation, urbanization, the North is considered the center of resort planning, which is the economic highlight of the whole city.
In particular, in the context of the beginning of November 2018, the People’s Committee of Nha Trang City has just proposed to Khanh Hoa Provincial People’s Committee to suspend the granting of permits for construction of high-rise buildings in the central area due to concerns about the The development of construction in the height will form a giant “concrete wall” in the city, in the north of Nha Trang with the majority of the eco-tourism resorts and low-rise resort villas even more advantage in the race to win market share.
The potential has made the land of Bac Nha Trang become “hot” and interested by investors. As the city is gradually becoming overloaded because of the high density of high-rise real estate projects, the development of key real estate projects towards the North to extend the potential of tourism development is said to be needed. set and consistent with the city’s development strategy.
This potential regional real estate race is expected to continue, if the approval of the central area’s high-rise buildings is approved. Not to mention, the race for land fund in North Nha Trang will surely push this scarcity higher, when market-sensitive investors have started to “look” at this fertile land from the end. 2018.
Evidence is that on Pham Van Dong street to the north has been able to grow up countless resorts, hotels, restaurants …, making this road become the most attractive coastal road in Nha Trang.
“Golden opportunity” for investors to “welcome the wave”
There are many reasons to believe that massive capital flows into North Nha Trang in the near future, this place will gradually become the “new center” of the city. The advantage of the terrain is both mountain and sea, grasping the trend of the market, only in the past 2 to 3 years, North Nha Trang has had many outstanding changes when the infrastructure is invested in synchronous development. , rich.
Not only developing the internal road system, this area also has arterial road with national highway 1A – an important route which means developing strategy, connecting tourist destinations such as Monkey Island and Island. Orchids and nearby attractions in Quy Nhon, Phu Yen. In parallel, there are many resort projects, food services and entertainment places which have been invested in the area such as Horizon, Amiana resorts, international yacht harbor parks, … making the place This is becoming more bustling than ever.
