As one of the three most attractive hospitality markets in Viet Nam, Cam Ranh, a tourism hotspot in the south-central province of Khanh Hoa, promises huge profits to customers.

After Da Nang and Phu Quoc, Cam Ranh has become a magnet for both Vietnamese and foreign property developers, especially hospitality developers.

Despite being a new market, Cam Ranh has many competitive advantages, especially the plentiful availability of land facing the ocean compared to other places.

In Da Nang and Nha Trang such land costs an arm and a leg: more than VND300 million per square metre. In any case, not much land to develop hospitality projects is available in these places.

Meanwhile, in Bai Dai (Dai Beach) in Cam Ranh there are huge tracts of land overlooking the ocean and cost only VND20-25 million per square metre.

Experts said Bai Dai in Cam Ranh is the ideal destination for property developers if they want to develop hospitality projects at affordable prices.

Land prices here would surely increase in future and a huge number of tourists would come, they explained.

A report from the south-central province of Khanh Hoa said 3.4 million tourists visited the province in the first six months of this year, a 11 per cent year-on-year rise.

They included 1.7 million foreigners, a 24 per cent jump.

It is notable that the number of tourists from South Korea and Thailand has increased significantly thanks to new international flights.

In future Cam Ranh International Airport will get a new runway at a cost of nearly VND2 trillion.

Many new direct flights from Thailand, China, Cambodia, Malaysia, Hong Kong, Russia, and Indonesia to Cam Ranh will begin in the next couple of years.

Thanks to the development of infrastructure and transportation, the number of visitors coming to the place will surely see a rise.

NovaBeach Cam Ranh Resort & Villas – chance to own hospitality products

NovaBeach Cam Ranh Resort & Villas being developed by Novaland Group is considered a highlight of the hospitality market in the Bai Dai – Cam Ranh area.

Since its launch, with numerous promotions, the project has perked up the market.

One of them is a programme that offers buyers a “double profit”. Those buying a villa will be paid a guaranteed interest rate of 8 per cent from day one until the handover.

The developer is also committed to paying a profit share of VND1 billion a year for the first three years, failing which the customer will get a condotel for free.

Situated on Nguyen Tat Thanh Street, NovaBeach Cam Ranh Resort & Villas has a beach front of 350m.

The 22.6ha development is only five minutes from Cam Ranh International Airport.

When finished, it will have 182 villas, 26 bungalows, two four-star hotel towers with 700 rooms, and 1,100 three-star condotels.

It will be operated by Minor Hotels.

Villas in the NovaBeach Cam Ranh Resort & Villas will be designed in Spanish style. Based on the location of the each, architects have designed lagoon villas, hill villas and seaside villas.

Each has a private pool.

Some will be one-key villas, some will have two rooms with two keys and others will have three rooms with three keys.

Their sizes will range from 300sq.m to 600sq.m.

NovaBeach Cam Ranh Resort & Villas will come with all the amenities of an international-standard resort like swimming pool facing the sea, park, children’s area, tennis and yoga area, spa, and kayaking.

The food and beverage area will offer a unique and exciting experience.

For further information, please call the hotline at 0903 694 888. Website: http://novabeachcamranh.com.vn