Why are Second Homes Attractive Investments?

Coastal properties such as second homes are popular with buyers looking for vacation properties that also offer attractive yields or returns. This article will unpack the second home concept, second home trends, and prominent projects in Ho Tram.

1. What are Second Homes?

Second homes are properties, usually in popular vacation destinations, that buyers can use for personal use and as an income-earning asset. This model is popular in Western countries but is relatively new in Viet Nam, with the first project entering in 2008. Second homes are appealing as they can generate income when buyers are not using them, rather than sitting empty. 

2. How do Condotels and Vacation Villas Differ? 

The most common second homes in Viet Nam are condotels and vacation villas.

• Condotels are condominiums that are operated as a hotel. The individual units are privately owned, and the owners allow the hotel to rent the rooms out when they are not using them. Buyers then share the rental profit with the hotel operator. Condotels are often positioned in high-end resorts and offer attractive yields. 

• Vacation villas are built in luxury resort complexes. The properties often come with private pools or gardens, which cater to post-pandemic demands for green and open spaces. Many vacation villa properties are operated and managed by renowned hotel brands like Banyan Tree, ensuring high-quality services and amenities. Coastal vacation villas are increasingly popular.

3. Second Homes Close to Urban Centres 

After the pandemic, people are more aware of their physical and mental health. This has driven the popularity of coastal and vacation properties, particularly those close to major cities such as Ho Chi Minh City, Ha Noi and Da Nang. As buyers can drive to these destinations easily, the properties can be used for quick weekend getaways or even remote working. 

Second homes cater to well-being, thanks to the wide range of amenities and services on offer. Buyers can feel at home while enjoying the amenities, services, and quality of a luxury resort. 

4. How Can Second Homes Promote Health

Post-Covid Property Demands

After the pandemic, travellers are looking for properties that cater to vacation and health needs. People now prioritise resorts and destinations that provide private, safe, and unique facilities and experiences. This has led to an increase in the popularity of second homes as these properties are often by the sea and offer green spaces and privacy.

Villas within complexes such as Angsana Residences Ho Tram cater to these demands as each property comes with a private pool, garden, and balconies. Developed by Madison Land and operated by Banyan Tree, this five-star resort complex meets demands for both luxury vacation experiences while providing private spaces that also promote health.  

Angsana Residences Ho Tram has been designed in a way that residents can experience nature both inside and outside their villas.

On a private level, the interiors have been designed with open spaces and large windows that allow for plenty of natural light. The villas have private swimming pools of up to 57 sq m. The beachfront villas offer swimming pools with views of the ocean. The pools are within private gardens.

Within the complex, there are incredible green spaces with rare tropical trees. The 325 m Serenity Stream meanders next to each villa, a unique highlight at Angsana Residences Ho Tram. Owners can also relax in the outdoor Jacuzzi, ideal for releasing the stresses of everyday life.

Proximity to HCMC

According to Mauro Gasparotti, Director, Savills Hotels, the pandemic has amplified the appeal of destinations within driving distance of large cities. Ho Tram, which is home to Angsana Residences, is only two hours from HCMC and benefits from improving infrastructure, including various expressways and the future Long Thanh International Airport.

Angsana Residences runs along Ho Tram’s famous coastal road. This means the 52 luxury villas within this five-star complex not only have a convenient link to HCMC but also offer owners and guests views of the Ho Tram coast and mountains. The pristine beach was named one of the most unspoiled beaches in the world by an American TV channel, CNNGo.

Design for a Luxury Lifestyle

Luxury buyers are not just looking for relaxing, private spaces. They are also looking for spaces that utilise bespoke architecture and high-end furniture and fittings. This is another feature that makes Angsana Residences Ho Tram stand out on the market.  

What adds to the resort value is the architecture inspired by the Melaleuca tree, a tree native to Ho Tram. The design and finishes also cater to a luxury lifestyle, with an array of high-end imported furniture. The kitchens, bathrooms, and bedrooms offer fittings and furniture from European brands like Kludi and Hafele. The fittings and furnishings create interesting contrasts with the use of metal, wood, and unique lighting.

The Luxury of Banyan Tree

Adding to the luxurious appeal is that the villas at Angsana Residences Ho Tram are managed by Banyan Tree Group, a premium hospitality brand known for its award-winning resorts and luxury experiences. As the market for second homes is competitive, the developer is offering villa buyers at Angsana Residences Ho Tram access to The Sanctuary Club, Banyan Tree’s exclusive loyalty program. Buyers have access to all internal services and 15 free nights at any of Banyan Tree’s properties globally.

Savills Residential Sales is committed to helping buyers find their ideal second homes. The team finds properties that cater to our clients’ needs. If you are interested in finding a property that will provide vacation and yield opportunities, please contact us for more information.

Read more: 

• Vietnam: Second home legal revisions may see development potential resumed
• What makes Vietnam become the best second home destination