With many awakened potentials and the arrival of series of "big players" in the real estate (Real Estate) sector, the Phu Yen market is considered by many experts to quickly break through and continue Quy Nhon, Nha Trang on the real estate race track.  So what scenario for the Phu Yen real estate market in the future? Firm steps towards sustainable development Looking back about 10 years ago, the coastal roads in the tourist cities of Central Vietnam such as Nha Trang, Quy Nhon, ...Which land prices are still quite low.Up to now, they have become million-dollar assets if properly exploited In the Central coastal real estate market, although there is no breakthrough development like Quy Nhon or Nha Trang, the Phu Yen real estate market has many advantages to rise in the future, especially tourism advantages.In recent years, this province has also focused on the development of infrastructure and methodical urban planning, taking steps to create a steady momentum for real estate to take off to a new height. Mr. Nguyen Van Dinh - Deputy General Secretary of the Vietnam Real Estate Association said: "Phu Yen has many similarities with Binh Dinh and Khanh Hoa because they are located on the coastal strip of South Central Coast,and Phu Yen loctated between them,so they inherit the same beautiful natural resources, peaceful and hospitable people, the same climate, culture and cuisine.

Indeed, Phu Yen is favored by nature with its 189km long coastline, adjacent sea and mountains creating a terrain "like the sea direction", with many bays, beaches, puddle,lagoons ....  With pristine beauty,Which are great potential for marine tourism, resort tourism and ecotourism.Blue beaches, gentle white sand banks and small strait ... are suitable for investors to develop commercial real estate products, 5-star resorts. Mr. Nguyen Van Dinh said that, besides the strength of tourism, transport infrastructure is also a great motivation for Phu Yen real estate to take off.  This province owns all kinds of traffic: road, rail, sea and air.  Highlights are the National Highway 1A and the North-South railway, Highway 25 connecting with Gia Lai province, Highway 29 connecting Dak Lak province, Vung Ro seaport, Tuy Hoa airport.  The short distance from Tuy Hoa airport to the city is also an advantage for tourists coming to Phu Yen.  If in Nha Trang or Quy Nhon, visitors take nearly 1 hour to travel 35km from Cam Ranh airport or Phu Cat airport to the city center, in Phu Yen, visitors only take 2  -3 minutes to move to the center of Tuy Hoa city. The bright spot in the transport system of Phu Yen today is the opening of roads and upgrading the airport.  The South has opened Deo Ca tunnel, the North opened the Cu Mong pass tunnel, broke the "oasis" position and opened the way to trade, shortening the travel time.  Tuy Hoa Airport also has a project to expand and upgrade to an international airport with a capacity of 4 million passengers per year and connect more international routes.  Strong and smooth blood vessel traffic means opening the door of trade between Phu Yen and district and the world. Phu Yen also focuses on methodical urban planning towards modernization, especially in Tuy Hoa city.  If a few years ago, Tuy Hoa was still "sleeping", today, this city is like "awakening" with a new, more spacious and modern appearance. Mr. Le Dinh Chung - General Director of Cland Real Estate Investment Company shared: "What I was very surprised when I came to Tuy Hoa, it is the methodical and synchronous planning.Modern and wide road system and never traffic jam.In particular, the government is very methodical in planning real estate construction with land fund to develope tourism services and urban areas in 4 clear layers. 100% of the coast is planned  Park and commercial land for resort development, and one thing that will surely attract many big developers to Tuy Hoa, is the implementation time and legal project.  Because the available land fund is not required for site clearance, the investors only participate in the auction and after 3-6 months of winning the auction, they can go into deployment, unlike other areas, it may take 3-  10 years to complete legal. " Tuy Hoa city has currently developed dynamically, visitors have increased more thanks to invested infrastructure, expanded sea space and airy.  A young city is full of life and ready to break through thanks to strategic orientation and methodical planning.

Phu Yen is  Ready to "take off" to continue Quy Nhon and Nha Trang

“In terms of potential and real estate development base, Phu Yen is no less than Khanh Hoa and Binh Dinh. It was just that Khanh Hoa and Binh Dinh were one step ahead,They know how to create advantages in exploiting and have the investment of many "big" real estate. From 10 years ago Nha Trang, Khanh Hoa had the investment of Vingroup, Muong Thanh Group, Hung Thinh Group, KN Group ... Quy Nhon, Binh Dinh from 5 to 6 years ago were also FLC, Hung Thinh. Group, Phat Dat Group, Alphanam, ... set foot. The investment of many "sharks" creates high-class real estate projects, large-scale entertainment areas,Which drawing the attention of investors across the country, making real estate breakthrough. ",Mr Dinh said. . However, the attraction of investment in Khanh Hoa and Binh Dinh has quickly pushed up land prices in this area "dizzying", the central land fund is increasingly scarce, making it difficult for investors. That means, compared to Khanh Hoa and Binh Dinh, Phu Yen owns a much better advantage when land prices are low and have a large space. Mr. Dinh The Quynh - Deputy General Director of Hai Phat Real Estate Group said: “The ground price of real estate in Tuy Hoa is still very attractive compared to neighboring tourist areas such as Quy Nhon, Nha Trang. While the prices of resort real estate in famous tourist cities are increasing and the land fund is not much. In Tuy Hoa, Phu Yen, opportunities are still open to investors. To prove the above statement, Mr. Dinh The Quynh said that the land price of Xuan Dieu street in Quy Nhon increased almost doubled from 2018 to now, currently reaching 250-300 million / m2. At the surface of Tran Phu, Nha Trang, land prices have also increased dramatically from 2014 to now, currently falling at about 500-600 million / m2. Meanwhile, the price of sea-surface land in Tuy Hoa ranges from about VND 50 to 90 million / m2, the difference is based on the location, utility and profitability potential of each product. Specifically, the price of sea surface layer 1 (close to the sea) like The Seahara Phu Yen Shop Villas project costs about 45 - 65 million / m2; price of sea surface layer 2 like Thera Premium project costs from 72 - 83 million / m2; Rosa Alba Resort project costs about 75-80 million / m2, Kallias Complex City Phu Yen project costs ranges from 75 to 81 million / m2.

Low land prices while owning a lot of development potential are a great opportunity for investors. In the context that Quy Nhon and Nha Trang real estate markets are no longer attractive, investors accumulate capital into Tuy Hoa, bringing this land to exciting development that the ability to triple the price in the next few years is also something easy to happen. Not to mention, recently, many "sharks" in the real estate industry have "landed" in the Phu Yen market such as Vingroup, APEC Group, Vinaconex Group, TNR Holdings, ... building trillion contructions, beating potential awareness of the land of "rich and peaceful land", promises to create a flourishing real estate market in the future. “Quy Nhon and Nha Trang have been ahead of Phu Yen for 5-10 years. But with its available advantages and steady momentum, Phu Yen is ready to continue Quy Nhon and Nha Trang in the next 3-5 years. ” - Mr. Quynh shared more.

The fact that Phu Yen is behind neighboring markets like Quy Nhon or Nha Trang is not really a disadvantage, but it is an advantage for this locality to take a short cut, learn from the experiences of previous markets, shorten time to develop, and prepare enough to enter a breakthrough new stage of development.

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