Tourism accelerates, Cua Lo real estate rises - Golden opportunity to own Aqua Pearl City

Rebound from infrastructure and tourism

Never before has Cua Lo - Nghe An's infrastructure been invested so heavily as in the past two years when a series of trillion-dollar infrastructure projects have been continuously built and completed. Specifically, in 2022, it is estimated that tens of thousands of billions of VND have been "poured" into infrastructure development in Nghe An, with key transport projects being urgently implemented.

The People's Committee agreed on the entire natural area and population size of Cua Lo Town under the management of Vinh City on the morning of March 23 at a regular meeting. Photo courtesy of Pham Bang.

First of all, the Cua Hoi Bridge Project with a total investment of 950 billion VND has been completed and opened, connecting Cua Lo with Nghi Xuan (Ha Tinh) and connecting to the Coastal Highway. Along with that, the first phase of the Coastal Highway passing through Cua Lo has also been opened and put into use.

In addition, the important traffic project Vinh - Cua Lo Boulevard phase 1 has been opened, and is currently implementing phase 2 with a total investment of 1,415 billion VND. The project to widen Binh Minh Street 7.56 m to the East with a total investment of 310 billion VND is also being urgently constructed and is expected to be completed in the next 1 year.

Along with the transport infrastructure, tourism infrastructure in Cua Lo - Nghe An is also being invested in and built strongly like never before. Notably, the Cua Hoi entertainment area project with a scale of 195.5 hectares of Vingroup Corporation with a total investment of 1,000 billion VND. Currently, this super resort project has completed the cable car route across the sea to Ngu Island with a length of more than 3.5 km.

The area east of Binh Minh Street will be planned in a direction consistent with the orientation of long-term sustainable development, synchronous, modern, attractive, environmentally friendly,... Photo courtesy of Thanh Cuong

As expected, on April 30, 2023, this cable car line will be put into use along with services outside Ngu Island, on the mainland, creating a new face for Cua Lo tourism. Along with a series of newly opened road projects, the Cua Lo resort project will become a new tourist paradise, a "Ha Long" in the heart of the Central region.

Before the strong growth of Cua Lo tourism infrastructure, Mr. Doan Tien Dung - Deputy Secretary of the Town Party Committee, Chairman of the People's Committee of Cua Lo town said: "Currently,Cua Lo is strengthening promotion and attracting investment in more large-scale projects as a driving force for Cua Lo tourism development. In 2023, Cua Lo strives to welcome 3 - 4 million visitors, of which 1.25 million will be overnight guests, with revenue of 3,550 billion VND".

Cua Lo Real Estate Rises

When a series of infrastructure projects were completed one after another to support Cua Lo to be ready for the 2023 beach tourism season, it led to a wave of real estate investment in Cua Lo. The price level is still low compared to prices in other coastal localities: Ha Long, Sam Son, Da Nang, ... while Cua Lo is in the development stage, it will bring good potential for price increases and large profit margins. This is the reason why many large enterprises and investors are considering Cua Lo as a potential land for a new real estate investment cycle.

Observations show that the current supply of coastal real estate in Cua Lo is still limited. In particular, model coastal urban projects, with synchronous and systematic investment and full legal documents, ready to be handed over to investors, are extremely rare. In that context, the appearance of Aqua Pearl City is one of the bright spots, currently attracting the attention of many investors.

Aqua Pearl City – A permanent coastal urban area located in the center of Cua Lo coastal city. Project perspective image.

Aqua Pearl CityLocated at a diamond position, at the intersection of two main roads, Vinh - Cua Lo boulevard 72m wide and Binh Minh coastal road, which is planned to become the new center, the development center of Cua Lo coastal tourism urban area. From Aqua City Pearl, elite residents can easily connect to the largest cultural, political and entertainment centers of Cua Lo in just a few minutes, connecting to the international airport in less than 15 minutes.

Aqua Pearl City is also a rare coastal urban project located in the largest entertainment, recreation and resort complex planning in Nghe An with high-class facilities to meet all needs such as: International standard golf course, Vinpearl Cua Hoi, Hon Ngu cable car, new Binh Minh square, outdoor sports field, 5-star hotel, etc. In particular, the attraction of Aqua Pearl City lies in its transparent and complete legal status, complete infrastructure, internal facilities: flower gardens, playgrounds, etc. are gradually emerging.

As the only coastal urban area with long-term ownership in the most beautiful location of Cua Lo beach, all 245 products at the Aqua Pearl City project have red books for each lot in the name of the investor, ready to sign a sales contract with customers. It can be said that with an important and potential location, Aqua Pearl City is a valuable real estate before Cua Lo merges into Vinh to become one of the largest coastal cities in the country.

This is also the reason for the wave of investors coming to Cua Lo to anticipate the potential of tourism exploitation. Owning Aqua Pearl City is a guarantee for investors because this is both a rental property that brings in a steady monthly cash flow and a "savings" that increases in price proportionally to Cua Lo's annual double-digit tourism growth rate.