Resort real estate as second home set to grow

The resort real estate segment is increasingly attracting the attention of tourists as well as investors as a second home now that tourism is recovering.

To seize the opportunities from the recovery of tourism post-pandemic, real estate investors are more than willing to pour money into the resort real estate segment, as a second home for both relaxing and for renting. These second homes also have space for both long-term work and relaxation.

Resort villas or high-end apartments within tourism ecosystems bring both privacy and safety and are generally nearby famous attractions and a variety of dining and entertainment options, with builders creating an “all-in-one” model. These second homes have been developed at the right time and in line with trends, so have been quickly absorbed into the market, such as Sun Tropical Village and Sun Riverside Village.

High-end resorts in Vietnam’s three regions invested in by the Sun Group have all seen impressive bookings and high occupancy, reflecting the increasing demand for luxury resorts among Vietnamese people post-pandemic. According to Mr. Tong Thanh Chung, Chairman of the Board of Directors at Sky Realty, resort real estate is attracting more and more attention because high-end customers are interested in differentiating factors rather than duplicate or similar offerings.