Opportunities for investors when Khanh Hoa becomes a central city

Investment news

16/08/2024

With an urban development budget of nearly VND50,000 billion by 2030 to become a "worth living, working and traveling" destination, Nha Trang has emerged as a potential market for investors.

Seize the "golden" opportunity to catch the investment wave

According to the national urban classification plan for the period 2021-2030, Khanh Hoa will be one of the three provinces in the country oriented to develop into a centrally-governed city. Thus, to achieve this goal, Khanh Hoa province needs to achieve an urbanization rate of 65% by 2025 and 70% by 2030. In particular, with the position of a key city, Nha Trang is considered a bright spot to develop into a national and international coastal tourism city, initially becoming a Southeast Asian-scale commercial tourism city.


Khanh Hoa welcomes investment wave when oriented to develop into a centrally-governed city

The goal by 2025 is that the provincial tourism industry will attract 11 million visitors, including 5 million international visitors and total tourism revenue will reach 200 trillion VND. According to statistics from the provincial Department of Tourism, by the end of 2019, the number of tourists to Khanh Hoa reached over 7 million with 21 million visitor days, up 12.6% and 23.4% respectively. International visitors alone reached 3.56 million visitors with more than 14 million international visitor days, up 27.5% and 39.3% respectively.

In particular, Nha Trang is always highly appreciated by experts thanks to its many strengths in investment, tourism development and being a livable coastal city. For many consecutive years, Nha Trang has been consistently ranked in the top 10 most beautiful diving spots in the world by Forbes Magazine (USA). It is also the most favorite destination for domestic tourists. Not only that, with the plan to expand Cam Ranh International Airport to welcome an additional 25 million visitors by 2030 by the People's Committee of Khanh Hoa Province, Nha Trang promises to continue to lead the race to become a million-visitor tourist city in the future.


Nha Trang possesses many strengths in developing tourism and coastal real estate


At the same time, looking further into the picture of Nha Trang's real estate market development, in 2030, it is predicted that Nha Trang's population will reach nearly 700,000 people, leading to the need to move residents to new, modern and smart urban areas. According to the law of supply and demand, real estate prices in this area in the next 5-7 years will increase compared to the present time, especially in projects with prime locations, multi-utilities, clear legal status and good planning.

Because of the above advantages, Nha Trang real estate is creating "underground" waves attracting astute investors.

Coastal apartments lead the housing demand in Nha Trang

Along with the return to the new normal, the tourism industry is gradually recovering, real estate projects in Nha Trang are also starting to continue conquering the market. Notable among them is the New Galaxy Nha Trang apartment project in Vinh Truong ward, Nha Trang city developed by Hung Thinh Corporation. The project covers an area of ​​nearly 2 hectares located in An Vien Urban Area with 5 apartment buildings 20-23 floors high possessing many diverse utilities, meeting all residential, entertainment and living needs.

The appearance of the New Galaxy Nha Trang apartment project is a valuable supplement to the scarce apartment market of the coastal city, which is filled with resort projects or resort villas. With this project, Hung Thinh Corporation has demonstrated its strategic vision to anticipate the "resort-like residence" needs of the young community in Nha Trang in the future.


New Galaxy Nha Trang impresses in the apartment market in Nha Trang

The impressive highlight of New Galaxy Nha Trang is the design of health apartments, serving the needs of staycation (on-site vacation) and workcation (working combined with vacation) which are on the rise after Covid-19. The blocks in the project are optimized for views, fully embracing the sea breeze and taking full advantage of the "leaning on the mountain, facing the sea" advantage to bring a sense of peaceful and happy living to residents.

In addition to the prime location in An Vien Urban Area, diverse amenities, "humanity" design towards meaningful living values ​​for the community of residents, New Galaxy Nha Trang also brings peace of mind to investors because of its solid legal status and is a rare coastal apartment granted long-term ownership.

It is known that the project connects key routes of Nha Trang such as Tran Phu Street, Hon Tre Island and Hon Ro residential area, helping residents easily travel to famous tourist destinations such as Vinpearl Nha Trang, Bao Dai Palace, Institute of Oceanography, Nha Trang Port... At the same time, Khanh Hoa province is also implementing many important traffic projects such as the Da Lat - Nha Trang expressway, expected to start construction in the period of 2021 - 2025, Buon Ma Thuot - Nha Trang expressway... contributing to connecting the region, helping the traffic infrastructure to be convenient, thereby increasing the potential for real estate price increases in the future.

According to information from the investor, currently, New Galaxy Nha Trang is opening the Modern block for sale, opening up valuable investment opportunities for investors with medium and long-term vision. In the context of the resort real estate market still flourishing, investing in apartments in Nha Trang is a promising step for sustainable profits, helping investors reach the finish line early when the supply of apartments in Nha Trang is limited.

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