The reality shows that the “holes” in the legal corridor in licensing tourist apartment projects (condotel) make the management, operation and business of condotels never easy for investors.
In addition, the “cold water” called Covid-19 has caused many Condotel projects that have encountered structural barriers to be affected by a serious decrease in tourist arrivals in the first quarter of 2020 and the second quarter of 2020. In the first month of the second quarter of 2020, investment demand and taste also had a certain shift.
Because of the inadequacies in state management of tourist apartment projects (condotels), including project planning, land use permits, construction permits, business management, operation, and residential management The Ministry of Public Security sent a proposal to the Prime Minister to direct the People’s Committees of provinces and cities to strengthen inspection and handle these violations as soon as possible.
Immediately after the information was released, suddenly a “new wave” in the real estate market caused new signals, especially in the South Da Nang area.
A large number of “intrinsic” customers have gradually shifted their investment from buying tourist apartments to investing in land business, especially in the South Da Nang area, the intersection between Da Nang City and Quang Nam province. great potential for urban planning and economic development in the future.
For example, aiming at the value of sustainable settlement and investment, as soon as it was announced that the Epic Town project was introduced in Dien Thang Bac commune (Dien Ban town, Quang Nam province), it attracted thousands of attention and Share and learn about the project.
Seeing and hearing, reporters had the opportunity to witness with their own eyes each group of customers to visit and learn about the infrastructure of the Epic Town project.
According to Mr. Nguyen Van M. (Hanoi investor) affirmed: “It took a long time for me to see a beautiful and modern residential project right in front of National Highway 1A – the boundary of Da Nang. and Quang Nam, just 5 minutes away from the administrative center of Dien Ban town, especially on DH7 street – currently Tran Phu street is expanding directly from Dien Thang to Viem Dong beach (Dien Ngoc street). )…”.
With an affordable price (from VND 13-17 million/m2) and a clear legal status of 98%, Mr. M. emphasized: “In general, I see the investment in land, white paper and black ink with clear legality. It is always the wisest choice and minimizes risks for investors with real settlement value.”
According to Ms. B. (local resident) said: “As soon as the Epic Town project in Dien Thang urban area was introduced, grasping the strategic economic and trade advantages of the project and clear legality, I Immediately go down to the project to verify the infrastructure, it is really worth looking forward to.”
Ms. B. said that, as a local and witnessing the “change of flesh” of her homeland, the Epic Town project – Dien Thang Urban Area was favored by nature with fresh and green surroundings. cool; ensure a safe environment for residential, sports and commercial activities of residents.
In terms of regional connectivity, the location of Dien Thang Urban Project has convenient and smooth traffic points, connecting to historical sites, famous tourist attractions such as Hoi An ancient town, Cu island Lao Cham, My Son Sanctuary, Viem Dong, An Bang and Ha My beaches.
Recognizing the general psychology of investors and the need to settle in new urban areas today in the locality, legality is always the first factor, then the location and price of each area. area depending on customer needs.
Regarding the legal factor, according to Mr. Lam Quang Binh, Director of IBSC Business and Investment Services Co., Ltd. (Da Nang) biết said: “Legal is always an important prerequisite to create the value of real estate. After a series of incidents, this is one of the leading factors determining the “retention” of investors when participating in a real estate transaction on the market.
After the “gross” of the real estate market of tourist apartments (condotels), and especially Quang Nam province has removed the legal “knots” for the real estate market, the shift of investment taste to land real estate and the return of a series of real estate projects in South Da Nang in general and Dien Thang urban area is the most obvious result for the innovation of the Central real estate market in particular and the South Da Nang real estate in particular.
Therefore, the project will be the optimal choice for investors who are looking for a sustainable residence, green living environment and a very convenient business location.
South Da Nang real estate market possesses strong internal resources and a series of projects deployed on the “golden land”, so it is not surprising that this area will be a great destination for investors in the second half of the year. 2020.Source: Business forum newspaper