Sunday, December 17 2017

VietNamNews

Big names aid world-class property development in Phu Quoc

Update: June, 10/2017 - 09:10

 Phu Quoc InterContinental Long Beach Residences now nears completion. – Photo BIM Group

With the BIM Group joining hands with InterContinental Hotels & Resorts Group (IHG) to develop InterContinental Phu Quoc Long Beach Residences, the high-end hotel has become a magnet for investments.

Given the rich tourism potential of the island off the coast of Kien Giang Province, investments worth billions of dollars have been poured into Phu Quoc, which is the largest island in Viet Nam with 150 kilometres of coastline, beautiful wild white beaches and a primitive forest.

The Government has also planned to turn Phu Quoc Island into a special economic-administrative hub with competitive incentives for investments. Prime Minister Nguyen Xuan Phuc at a recent meeting with Kien Giang Province said that Phu Quoc must attract resources and grab opportunities to make breakthroughs.

Pham Vu Hong, Chairman of Kien Giang Provincee People’s committee, said that the island has attracted 254 projects with a total capital of VND337.8 trillion (US$14 billion), 193 of which were granted the investment certificate, 30 put into operation, while 24 was under construction.

There are more than 2,300 businesses in the island with a total registered capital of VND62 trillion.

Tourist arrivals to the island increased rapidly in the recent years. Phu Quoc Island welcomed 1.43 million tourists in 2016, up 52 per cent over the previous year and 230 per cent over 2013. There are more than 10,000HOTEL ROOMS in the island, of which, just nearly 3,600 can meet three- to five-star standards.

Seeing the huge potential of Phu Quoc Island, a number of property developers, such as Vingroup, BIM Group and Sun Group, have invested to develop world-class hotel and resorts in the island.

A seaview from balcony. – Photo BIM Group

One of the outstanding projects is InterContinental Phu Quoc Long Beach Residences which grabbed huge market attention with hundreds of registries for purchases, since its sales opening in April.

Its quality was affirmed by BIM Group, a multi-sector economic group in Viet Nam, whose development history of more than 20 years has enriched the experiences and capacity for it to become one of the leading developers in Viet Nam. It has to its credit a number of high-profile projects, such as Fraser Suites Ha Noi, Halong Marina Urban Area in Quang Ninh Province and Royal Square in Laos.

The attractiveness of InterContinental Phu Quoc Long Beach Residences also comes from the global operator IHG. The UK-based IHG owns 750,000 rooms of more than 5,000HOTELS IN nearly 1,000 countries and territories. With over 70 years of development, IHB now owns famous hotel brands, such as InterContinental Hotels & Resorts, Crowne Plaza, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge, Candlewood, EVEN Hotels and Hualuxe Hotels & Resorts.

InterContinental Phu Quoc Long Beach Residences with its cutting-edge designs, modern facilities in harmonisation with the environment, following the strict standards of IHG, will be a must-choose when tourists come to Phu Quoc Island.

The developer also guarantees a profit of 9 per cent per year for nine consecutive years for buyers.

Phu Quoc Long Beach Residences is nearing completion with 70 per cent of the construction finished. — VNS

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