Resort Villa – a Second Home or a Sublet

This June, 44 villas as part of the first phase of the Fusion Resort & Villas Danang were swiftly sold out on the day they were launched, showing how attractive coastal resort property in Danang and the central region as a whole is in the eyes of investors.

This appeal, according to realty experts, is accredited to multiple factors. Firstly, the purchasing power for apartments and beachfront villas keeps growing, meeting the need for ownership of a second home of many investors. Resort villas are not just private space for families but may also be sublet when not in use, making it economically efficient. The lease of a property to a subtenant in recent years has produced good results as Vietnam’s tourism further developed. Last month, the number of international visitors to Vietnam hit a record high of more than 1.8 million, up 11.8% from the preceding month and 39% year-on-year, according to the General Statistics Office. The total number of international tourist arrivals from the beginning of the year to the end of November was approximately 16.3 million. Meanwhile, the number of domestic tourists has also increased significantly, bringing localities and lodging facilities big gains.

With a long coastline and many popular tourist attractions, Danang as one of the top destinations for domestic and foreign tourists gives the projects developed across this city a greater appeal for investors. This locality also enjoys a series of advantages with a convenient transport system when located on the north-south route, a complete system of international seaports and airports, all helping investors quickly come to their decisions.

In this context, the supply of fine products in the segment of coastal resort villas in Danang in particular and the central region in general is running low due to increasingly limited land availability. This is the reason why projects with prime locations, reputable investors, high-quality products and sufficient utilities are keenly sought by investors. The fact that 44 villas in Phase 1 of the Fusion Resort & Villas Danang were sold out right on the day they were launched is a testament to this trend.

Located on the coast of Non Nuoc, one of the most beautiful beaches in the world, the gateway to the UNESCO-recognized natural heritage sites like Hue Imperial Capital, Hoi An Ancient Town, and My Son Sanctuary, the Fusion Resort & Villas Danang is a five-star resort and villa complex developed by Lodgis Hospitality Holdings, a joint venture between Warburg Pincus and VinaCapital. Besides the resort and hotel area, the Fusion Resort & Villas Danang is designed with an additional area of 85 resort villas, each with one to six bedrooms covering 370-1,780 square meters. The whole area is enhanced with a wonderful system of utilities including restaurants, a swimming pool, a sports club, a children’s playground and a spa, etc. Also, the Fusion Resort & Villas Danang is managed by Fusion Group, a subsidiary of Lodgis, a pioneer in hospitality whose wellness has been provided in Vietnam and Southeast Asia since 2008.

It is expected that the remaining 41 villas will be officially put up for sale early next year in response to the surge in investment and customers’ expectations.

For more information about the project and its second phase in particular, please contact:

Hotline: 0939 15 11 99

Website: www.fusionresortvillas.com

Source: Saigon Times Weekly (28 Dec 2019)