Phu Quoc is currently home to two towns: Duong Dong and An Thoi. While Duong Dong acts as an administrative and cultural centre and a historical metropolis, An Thoi is emerging as a new "growth" pole for economic and tourism development. The latter is favoured by scientific planning and receives intensive investment in transport and tourism infrastructure.
The "multi-colour" tropical island city Meyhomes Capital Phu Quoc, a modern and smart metropolis, is part of the south Phu Quoc urban space development master planning. The project also offers huge benefits for transportation as it lies in the convergence points of arterial roads which makes it easy to reach the international airport and seaport or well-known tourism destinations in Phu Quoc.
|Meyhomes Capital Phu Quoc enjoys favourable position within Phu Quoc’s new development centre |
In parallel to convenient transport, investors also see huge benefits from the local road network.
Backbone road 975: This is a new modern north-south arterial road system featuring four lanes, connecting An Thoi town to Phu Quoc International Airport and a slew of other famous tourism attractions.
Investors with good knowledge about Phu Quoc call backbone road 975 the "island-based Silk Road" or "the most expensive road system in Phu Quoc" because not only has the housing price in the area jump sharply in recent years, business opportunities along the road have also been flourishing.
Around four million visitors use the arterial road on average every year, and the figure is expected to soar in the forthcoming time as tourism growth in Phu Quoc has often exceeded 30 per cent annually in the past years. Direct connection with road 975 provides ideal business opportunities for prospective owners of villas, shophouses, and mini-hotels within Meyhomes Capital Phu Quoc.
|Meyhomes Capital Phu Quoc lies in the convergent points of five arterial roads south of Phu Quoc |
Billion-dollar road: Besides road 975 is the "billion-dollar" road that is 36m wide (building line: 86m) and nearly 20km long, crossing the middle of the project, linking Meyhomes Capital Phu Quoc with premier resort and hotel complexes in Bai Truong, such as InterContinental Phu Quoc, Sol By Melia Phu Quoc, Novotel Phu Quoc, Park Hyatt Phu Quoc, or Sheraton Phu Quoc.
|Phu Quoc is also the target of "billion-dollar" capital streams as Vietnam’s leading real estate developers and global hotel brands have all made forays in the island. |
As the single urban development project in the Bai Truong area, items like villas, shophouses, and mini-hotels at Meyhomes Capital Phu Quoc come with red books (proof of long-term ownership). Investors wishing to engage in services trading at Meyhomes Capital Phu Quoc stand to benefit from a great number of customers from the chain of premier hotel and resort developments in the area.
Along with this are the potential customers arriving to the tourism entertainment complex via the nearby cable-car system. The project is in itself a new tourism attraction and a perfect fit for the Phu Quoc tourism map, promising to draw in customers by the droves. In other words, Meyhomes Capital Phu Quoc would be "the funnel" absorbing the abovesaid intriguing sources of visitors.
Meyhomes Capital Phu Quoc’s golden location is attested through the presence of crucial routes crossing Bai Truong, such as the East-West backbone road (from Vinh Dam port passing famous tourism sites like traditional occupation villages, Ho Quoc pagoda connecting to Binh Minh avenue), Tran Hung Dao road (connecting the project with the local ocean park, ocean square, and planned international marina, and more), and 100m-wide coastal walking road.
Meyhomes Capital Phu Quoc – Phu Quoc's future urban metropolis
In the past couple of years, Phu Quoc has risen up strongly to become one of four leading tourism hubs in Vietnam. The district’s tourism growth was more than double that of Danang city in the central region during 2015-2018, soaring 141 per cent. Phu Quoc has grown into one of Asia's leading tourism destinations. Aside from six local air routes, Phu Quoc runs five international air routes and charter flights to the UK, Italy, Sweden, and Japan. Phu Quoc seaport has recently hailed international luxury cruises with the presence of world billionaires.
|Phu Quoc has no upscale urban developments like Meyhomes Capital Phu Quoc |
Phu Quoc is also the target of billion-dollar capital streams as Vietnam’s leading real estate developers and global hotel brands have all made forays in the island. Most recently, the island has launched a casino venue allowing Vietnamese to play, and the VND6 trillion ($260.87 million) project on building Vietnam’s largest duty-free area has got the approval.
Speedy economic development would inevitably result in escalating demand for modern and upscale urban metropoles. As Duong Dong town is showing signs of being overloaded with degraded infrastructure and growing pollution, residents and investors alike are migrating to An Thoi town.
Meyhomes Capital Phu Quoc is the modern metropolis riding the waves of this trend. As planned, the project site coincides with the new economic, financial, and cultural centre of Phu Quoc.
In the not distant future, Phu Quoc is expected to become a city under the direct management of the province, then a special economic area, An Thoi would become one of the first two wards in Phu Quoc.
This rise in status would entail a jump in land prices at Phu Quoc’s central projects like Meyhomes Capital Phu Quoc.