Hot on the heels of Thailand and Bali, China Beach in Vietnam is positioning itself as the next big destination in Southeast Asia. The past decade has seen unprecedented growth in tourism and investment. Vietnam’s stunning coastline, historic sites and bustling cities attract around four million visitors annually.
While cities such as Hanoi and Ho Chi Minh City are drawing buy-to-let investors, second homeowners are looking to beach resorts for holiday homes with rental potential. China Beach is fast becoming Vietnam’s leading luxury resort destination on the country’s coastline. Set on the South China Sea, China Beach is one of Asia’s prettiest and most historic and has been voted by Forbes as one of the world’s ten most beautiful beaches. The white sand beach has been relatively undeveloped despite its beauty.
China Beach also benefits from its location at the hub of four World Heritage Sites – the ancient port of Hoi An, the ruins of My Son, the imperial city of Hue and the mystical Phong Nha caves in Dong Hoi.
Prices for Vietnam houses are still significantly lower than in more mature residential resort locations in Southeast Asia but coastal properties have limited supply and prices are expected to rise over the medium to long term.
In addition to the UNESCO World Heritage Sites, other attractions around China Beach in Da Nang include the Marble Mountains, and one of the best museums for sculpture in the country, the Cham Museum. The museum, in fact contains the most extensive collection of Cham marble and sandstone sculpture in the world.
The destination is also benefiting from a growing number of international direct flights to nearby Danang from Singapore, Bangkok, Taipei and Siem Reap in Cambodia, as well as an increasing number of daily domestic connections from the two major cities, Hanoi and Ho Chi Minh City, as well as other destinations in Vietnam.
Central Vietnam, with its unique blend of history and heritage, is a destination like no other in the region, and it certainly has the potential to flourish as an international luxury real estate destination.
