Vietnamese real estate developer MIKGroup announces it has started sales for Mövenpick Resort Waverly Phu Quoc, the luxury resort on Vietnam’s island dubbed as “The Pearl Island”, a step which could help the country’s resort brands penetrate further among international investors and travellers.
In the past decade Vietnam has emerged as a destination for foreign investors who wish to catch up with one of Asia’s fastest growing economies, expanding at around 6 percent annually. The Southeast Asian nation, home to a long coastal line and a number of World Heritage sites, has also seen rising arrivals of foreign travellers in recent years.
Mövenpick Resort Waverly Phu Quoc, an international standard hotel and resort complex, has an area of 52 hectares (120 acres), occupying a fourth of the Ong Lang beach in the northwest of Phu Quoc island. Construction of just 329 condotels, built in the shape of a wave wing looking over the ocean, and 79 villas nearby has been completed in 2018. Designed on the principle of respecting nature and optimizing human life among nature, the complex utilizes mainly woods and glass in an elegant colorful tune with water and trees.
Benefits for investors now on offer include a discount of up to 10 percent, 15 free stay nights each year during the project’s life-time and financial support with zero percent interest for 12 months.
At Ong Lang beach, rich of natural resources and also one of Phu Quoc’s cultural cradles, visitors can enjoy breathtaking crystal-light dawns or amazing reddish sunsets but its silky soft while sand has yet to see many tourists. The authority plans to focus investment to make the beach one of the key destinations. Besides, with an international airport now doubling its capacity and a fast-growing real estate market, Phu Quoc will be turned into a special economic zone, and an international-standard eco-tourist seaside city.
“Recently Vietnam tourism has been reaching impressive growths, and Vietnam is one of the countries that have the most rapid speed of growth in the world, the favorite destination of many customers around the world,” said MIK Home General Director Chu Thanh Hieu. “As a result, I think, the potential development of Vietnam’s hotel-and-resort market is very big.”
January-November foreign tourist arrivals in Vietnam rose an estimated 21 percent from a year ago to around 14 million, based on government data, following an annual growth last year of 30 percent.
The number of foreign tourists visiting Phu Quoc alone surged nearly 80 percent in the first nine months of 2018 from a year ago to around 420,000, provincial statistics show, which would in turn push up the demand for high-class resorts.
Developed by MIKGroup, Mövenpick Resort Waverly Phu Quoc is now operated and managed by Mövenpick Hotels & Resorts, an international hotel management brand with 40 years of establishment and development of more than 100 hotels and resorts in 24 countries.
“With the prestige of Mövenpick Hotels & Resorts on this project, we certainly believe Mövenpick Resort Waverly Phu Quoc will make a considerable contribution to upgrading Vietnam’s resort brands on the world map of investment and tourism,” said Chu Thanh Hieu, General Director of MIK Home, a member of MIKGroup.
MIKGroup Vietnam Joint Stock Company (MIKGroup) specializes in investing, trading and development of real estate in Vietnam. MIK Home Real Estate Company Ltd. is focus on management and sale real estate property projects.
The project targets the premier customers both at home and in the world. It is expected to make Phu Quoc island popular among the markets of high paying capability such as Northern America and Western Europe, apart from regional countries.
MIKGroup is a professional real estate developer which has partnership with many foreign firms in designing, supervising, constructing and managing dozens of property projects in major cities such as Hanoi and Ho Chi Minh City.