HomeResort is a flexible combination of resort real estate and health investment closely associated with wellness luxury, long-term property ownership…
After the pandemic, merging healthcare resorts is becoming more advantageous than the conventional model when looking for an efficient long-term “asset” channel. This is another factor contributing to the notion that HomeResort will soon overtake the rest of the real estate industry.
HOMERESORT – NEW VERSION WITH WELLNESS LUXURY STYLE
In Vietnam, the wealthy have a tendency to seek out real estate that combines healthcare with a good investment and rental income. This design is very comparable to other forms of luxury wellness real estate. Most resort real estate, however, is only owned for a maximum of 50 years. Therefore, when there is a long-term legal status, the customer is the owner of the property, and they have the right to possess, dispose of, and exploit for generations, the HomeResort model is thought of as a more complete and ideal form.
Thus, HomeResort can be defined as a flexible combination of resort real estate and health investment that is intimately linked to the premium wellness component and long-term property ownership. In other words, the elite will rely on subtly favorable signs for their physical, mental, or spiritual well-being.
In instance, a typical HomeResort typically embodies all six popular wellness living styles (including mental clarity, healthy living, stoking creativity, spiritual practice, nourishing emotions, and social interaction with loved ones and friends). community connection); four different forms of water surface structures (lake, canal, river, and sea). Owners can achieve the pinnacles of enjoyment and health care in their own house by possessing all ten of these qualities.
Living like a resort every day at the Resort, which is managed and run by the top organizations in the world. 5-star services and amenities are provided. One of the three things that distinguishes the HomeResort model is this.
VENEZIA BEACH: SEA CITY DEVELOPMENT BY HOMERESORT MODEL
Vietnam has 390 ultra-high net worth individuals (UHNWIs), ranking sixth among ASEAN nations, according to the Wealth Report 2021 (Wealth Report 2021) released by consulting firm Knight Frank. The survey also indicates that 19,491 persons would own $1 million or more in Vietnam in 2020. According to Knight Frank, there will be 1 millionaire for every 850 Vietnamese people by 2026, when the country’s super-rich population is expected to grow by 26% annually.
Of course, the wealthy’s supercars, jewelry, yachts, and exquisite homes, as well as their inherited wealth, gain value over time, serve as status symbols, and safeguard people’s health in a manner similar to the HomeResort concept. given first priority repeatedly. Therefore, it is not surprising that HomeResort will be a ripe market with plenty of demand as the wealthy and prosperous generation grows. A new class metric for the rich is ownership in a luxury beach city that emphasizes wellness. There, the owner discovers a worthy eternal value: it is a priceless health asset that supports family happiness and a pampered “ego”.
The wellness luxury beach resort brings eternal value worthy of the owner.
In terms of real estate investment, HotStats data shows that in 2019, hotel income with a range of healthcare services is generally 43% higher. This means that coastal cities directly linked to the luxury wellness factor will always be more expensive than regular real estate. Not to mention that investors always choose long-term legal real estate because it is valued at 50% or greater compared to limited legal products.
Although the HomeResort model has enormous growth potential, it is yet uncharted territory. Currently, Venezia Beach is the first beach town in Vietnam to develop on a big scale up to 72 acres using the HomeResort model, integrating 14 international standard utility subdivisions and hundreds of component utilities. Additionally, it is unusual for a seaside city to have long-term legal ownership.
The extensive water surface system gives Venezia Beach owners a relaxing life every day (Project perspective photo).
At the same time, a unique topographic structure that includes 1.1 km of riverways, 1 km of seafront, and a vast network of canals. Thuy is surrounded by and controls the majority of the local water surface. Combined with a system of ancient forests, the Binh Chau hot springs, a rich sea, and clean air…
In particular, a reputable international company like Marriott International, which manages hotel and room service chains, and Best Western Hotels & Resorts, which operates under the BW Premier Collection brand, are in charge of the project. With the slogan “Where home is a resort,” Venezia Beach is a trailblazing project in Vietnam that started the HomeResort trend.
According to experts, the lack of HomeResort coastal urban regions is mostly due to rigorous laws on the short ownership time for resort real estate. When there is the highest concentration of the upper class in the nation, the areas less than two hours’ drive from Ho Chi Minh City will be the interesting market for this model.
