As one of the few localities with all four types of transportation by road, sea, rail and air, Quy Nhon has all the prerequisites for a breakthrough tourism and real estate market.
Infrastructure goes first, real estate follows
The coastal city of Quy Nhon is the economic, political and tourist center of Binh Dinh province, with a beautiful location and many breakthroughs in the real estate market.
In particular, determining that infrastructure plays an important role, Binh Dinh promotes investment, upgrading and expanding traffic, creating a complete and modern appearance.
Currently, Quy Nhon is one of the few localities with all 4 key types of transportation. In particular, Phu Cat airport has a capacity of 1.5 million passengers/year and is planned to upgrade to 2.4 million passengers/year.
The road has 3 main arterial routes: National Highway 1A connecting the whole country; Highway 1D Quy Nhon to Phu Yen; Highway 19 goes to the Central Highlands and Quy Nhon port and is currently implementing route DT 639, North – South expressway.
Quy Nhon also has Dieu Tri station, Top 10 largest stations in the country, is a key North – South railway station and has an additional Saigon – Quy Nhon branch line, convenient for transporting passengers and trading goods.
At the same time, Quy Nhon port is an important port and is among the largest ports in the Central region, able to receive ships of 50,000 DWT. Quy Nhon also has Thi Nai port, Dong Da port and Nhon Hoi deep-water port that can accommodate ships of 80,000 – 100,000 DWT.
The systematic investment in transportation infrastructure has promoted urban development and created a boost for tourism and real estate. In the period 2017 – 2020, Quy Nhon welcomed 2.2 – 4 million visitors/year, an increase of 16.7% in number of visitors and 55% in revenue. The number of transactions and real estate prices also increased sharply by 25 – 30%.
Converging push (beautiful location, developed tourism) and pull (transportation infrastructure), Quy Nhon currently has a scarcity of projects to meet housing and investment needs. Currently, the city has 12 commercial apartments, but only 8 projects are eligible for sale, of which only 2 high-end apartments have been completed and handed over immediately.
This is a challenge for the market but also an opportunity for projects with solid legality, prime locations and smart designs by reputable investors.
Quy Nhon real estate opportunity accelerates
As a rare project on the market that has completed and handed over the house and pink book at the same time, Altara Residences is located in the heart of Quy Nhon with a quick connection to the 4 types of transportation mentioned above, a prime location owning the area. priority area for tourism development – Tran Hung Dao street.
Altara Residences has been completed and handed over the house and book at the same time, a rarity in the Quy Nhon real estate market
This luxury apartment has a sea frontage, just a few minutes’ walk away, along with a series of amenities such as a park, water music square, cable car, marina… which are guarantees of increasing the value of Altara Residences.
In the building, there are also many high-class amenities reserved for residents: bustling commercial center, sea view skybar, gym… Notably, the highest infinity swimming pool in Quy Nhon brings vacation experiences at home. expensive.
Mr. Huu Tu, a longtime real estate broker in Quy Nhon, said: “Enjoying the full advantage of traffic and tourism exploitation value, investors are paying a lot of attention to Quy Nhon, especially the central area. Close to the sea and has a large completed project that can be exploited to bring profit immediately like Altara Residences.
Therefore, Altara Residences has just launched the most beautiful shopping cart in the project, from only 1.6 billion VND/unit. This is an extremely attractive price compared to luxury apartments in Hanoi (3.5 billion VND/apartment), with a profit of about 5.5% – 6%/year.
But with Altara Residences, the investment level is affordable and in the high rental area from 9 – 15 million VND/unit/month, 1.2 – 2.5 million VND/unit/night, this is an investment channel. ideal with attractive profits up to 8 – 10%/year.
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