A natural wonderland in Binh Thuan Province right by the ocean, an increasingly prosperous people focused on leisure and looking to invest in a second home, a developer’s innovative vision of a luxury experience based on sustainability - Thanh Long Bay is all of these things and much more.
The fastest growth of wealth in the world
That perfect escape from the pressures of city life, a place to step out of regular routine and recharge the spirit is the dream of many Vietnamese. Viet Nam’s explosive growth in wealth has turned that dream into a reality for many. From 2007 and 2017, according to market research company New World Wealth, Viet Nam’s wealth grew 210 per cent and will continue growing another 200 per cent in the next 10 years. This kind of explosive growth in wealth can be seen in the rise of leisure spending as reflected by internal tourism numbers, and in real estate prices. Real estate in HCM City and surrounding regions have appreciated immensely. Major vacation destinations such as Phu Quoc and Nha Trang have seen prices skyrocket. But the investment potential for Vietnamese real estate is just beginning. As international business consultant Grant Thornton noted just last year: “Viet Nam has a huge advantage over Thailand in terms of price attractiveness and the huge number of potential locations.”
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