The Rise of Long-Term Investments: Phu Quoc’s Seafront Condos with Permanent Ownership in High Demand

Long-term development strategy promotes sustainable investment activities

Phu Quoc has been likened by economic experts to a future “boomtown” of Vietnam. This term refers to cities with high economic growth rates, abundant employment opportunities, and a resulting influx of labor and urban infrastructure development.

The conclusion of the Prime Minister in Official Dispatch No. 189/TB-VPCP dated April 27, 2024, on the summary of the Phu Quoc Island Development Project, highlighted impressive figures demonstrating the island’s robust development over the past two decades. Accordingly, the average economic growth rate of Phu Quoc City from 2004 to 2023 reached 19.6%/year, while tourism growth from 2011 to 2023 achieved over 38%/year (six times the national average). Total social investment capital in 2023 exceeded VND 21,600 billion, 64 times higher than in 2004.

With a sustainable coastal-island development strategy, Phu Quoc aims to achieve a first-tier urban standard by 2025, just four years after becoming a city. This means that Phu Quoc will not only be a tourist destination but also emerge as a new economic and financial center of the region, a desirable residential hub with quality living spaces, attracting a global community of residents through dynamic economic and investment activities.

To effectively achieve this orientation, Phu Quoc’s land resource utilization plan has also shifted. Instead of solely focusing on tourism and resort purposes, the priority is now on investing in technical, transportation, and social infrastructure projects to build a long-term residential city, moving away from small-scale urban areas dependent on tourist-based businesses.

This shift is directly impacting the Phu Quoc real estate market and shaping the profile of a new generation of investors. Investing in the medium and long term, choosing projects with long-term legal status instead of only 50 or 70 years of ownership, demonstrates the timeliness and foresight of investors setting foot on the Pearl Island.

Phu Quoc prioritizes land resources for urban development projects

Long-term ownership seafront apartments: The “golden” investment opportunity in Phu Quoc

According to the plan, out of a total area of 58,928 ha, only about 4,000 ha (equivalent to 8%) is allocated for urban residential land. The products formed on this land fund will inherit the locality’s focused and sustainable development orientation, becoming heirloom assets that increase in value over time.

As the leading residential urban project on the Pearl Island, with an area of over 300 ha, Meyhomes Capital Phu Quoc offers a diverse range of products, including villas, commercial townhouses, and shoptels that have been delivered and put into operation. The project continues to be a safe and profitable investment destination as it prepares to launch Meypearl Harmony, a rare collection of long-term ownership seafront apartments.

The rare collection of long-term ownership seafront apartments – Meypearl Harmony

With a creative concept, Meypearl Harmony introduces a cruise-style apartment collection, a first for Phu Quoc, offering luxurious living experiences akin to those on a 5-star cruise ship right within each apartment.

Located on Truong Beach, at the gateway to the center of An Thoi Ward, Meypearl Harmony boasts superior location advantages. The project is at the intersection of Truong Beach’s coastal road and the inter-area road connecting Truong Beach, which are particularly important for the transportation of goods and the movement of Phu Quoc residents and tourists. The project’s location also provides easy access to Duong Dong town center, the airport, and famous destinations on the island, all within a 20-minute drive.

Residents of Meypearl Harmony will not only enjoy the full range of well-living amenities within the larger Meyhomes Capital Phu Quoc urban area, encompassing education, healthcare, business, entertainment, and community connection facilities, but they will also have access to an exclusive world of experiences with 78 unique 5-star well-living facilities catering to daily needs, health care, entertainment, and relaxation.

With its superior advantages in legal status, location, and product quality, Meypearl Harmony offers a dual value proposition of profitable investment opportunities and heirloom assets, attracting special interest from the investment community.

Notably, Meypearl Harmony is about to launch The Sunset Cruise tower, comprising a limited collection of only 350 apartments, with reasonable investment prices. Currently, the developer is offering attractive policies, providing customers with discounts of up to 35% when booking the purchase right at this time.

Meypearl Harmony Phu Quoc – The first cruise-style apartment collection on the Pearl Island

A project developed by Meyland – A brand of Tan A Dai Thanh Group