At the end of the day imagine a picture postcard tropical beach with palm trees swaying in the breeze, exotic destinations and the connection becomes clear that ocean front property remains many a property investors’ most desired acquisition.
Given this particular twist, I’d like to detail out 5 of the top emerging markets for resort real estate in the region in no particular order.
Here in Thailand with Phuket and Koh Samui both bursting like someone who had too much to eat at lunch and look at the mid way (well kind of point between) and you end at southern Surat Thani province and northern Nakhon Si Thammarat. Don Sak and now Khanom are seeing influxes of speculative land buyers attracted to mainland fundamentals such as highways and airports along with long stretches of white sand beaches.
Next on the tour takes us to a trio of locations in Vietnam. Vinh in the north is a logical destination from the all-important hub of Hanoi with Cua Lo getting the nod from many as a premium area. Next down to Nha Trang with Doc Let and Whale Island garnering most of the interest. Last comes Phu Quoc with its favorable travel time to Ho Chi Minh City and appears to be on the cusp larger scale plans. Just as a teaser check out Mui Ne and Quang Binh, both locations you will need to find for yourself but have all the elements of great beach destinations.
Last comes next-door Cambodia with Sihanoukville with Sokha beach. The real story here are the islands of the area which represent a long-term tourist play and there is considerably potential for a number of these to be developed into larger destinations. Cambodia could become a major resort player over the next 10 years.
So that’s it, there were only 5 but what about Lombok, Palawan in the Philippines and of course Sri Lanka … indeed follow the footprints in the sand.
By Bill Barnett