The growth of tourism in Can Tho has contributed to stimulating the development of the real estate market, especially in the segment combining tourism and resort real estate.
With the advantage of having international flight routes and strong investment in interregional transport infrastructure, Can Tho has created favorable conditions for domestic and international tourists to visit and relax. In 2019, Can Tho welcomed more than 8.8 million visitors, including nearly 410,000 international overnight guests, an increase of 12.4% compared to 2018. International travel services received over 32,000 international visitors, up 8.6% year on year, bringing nearly 25,000 foreign tourists, an increase of 10.3% compared to the previous year. These statistics demonstrate the growth of tourism in Can Tho, thereby stimulating the development of the real estate market, particularly in tourism and resort real estate, as well as golf real estate. According to experts, tourists who combine travel with golf activities spend on average twice as much as regular tourists. This presents a significant opportunity for the development of golf real estate.
Golf real estate holds strong development potential in Can Tho
Golf real estate refers to projects and urban areas developed adjacent to or integrated with golf courses and driving ranges, incorporating multiple modern functional zones within an urban setting. Today, golf course urban developments are no longer unfamiliar to middle- and upper-class customers—those who seek a distinctive living environment that is both healthy, green, modern, and capable of integrating golf as a leisure and networking activity. Golf courses also serve as venues for socializing, business meetings, and demonstrating status with friends and partners.
However, in Vietnam in general and in Can Tho in particular, urban developments that feature golf courses or driving ranges remain quite scarce. This type of development requires a very large land area and a prime location that is convenient for high-end customers. Golf urban areas located near airports and close to city centers have a significant competitive advantage.
Golf urban developments are primarily targeted at high-end customers. They are willing to invest substantial sums to own such properties, in return expecting truly distinctive and premium amenities, services, and living spaces. In addition, products in this segment are always limited in supply, resulting in very high liquidity, further increasing the appeal and value of the projects. Market observations show that many products have increased in value by 40–50% within just one year, yet supply still fails to meet market demand.
With the strong tourism potential of Can Tho and the advantages of golf real estate, many major real estate developers have invested heavily in golf urban projects in the economic hub of the Mekong Delta. Among them, KITA Group stands out with its Stella Mega City mega urban project, spanning 150 hectares with a total investment of over VND 10 trillion. KITA Group can be considered one of the pioneering real estate developers in Can Tho in developing an urban area integrated with an international-standard golf driving range.
Golf real estate targets high-end customers
Planned and designed with a golf driving range system covering more than 25,000 square meters within Stella Mega City, KITA Group offers customers an ideal destination for social gatherings and business networking. Within this 25,000-square-meter area, the Golf Academy and its Clubhouse are luxuriously designed across 1,500 square meters, featuring a full range of premium golf amenities such as a reception area, golf shop, lounge coffee area, restaurant system, bar, VIP reception rooms, cigar room, sauna, and more. In addition, the Bay Golf area includes 40 hitting bays across two levels, while the golf coaching zone is equipped with modern facilities to meet the training needs of golfers.
International-standard golf driving range system at Stella Mega City
Stella Mega City also features a comprehensive system of high-end amenities, delivering experiences worthy of its residents, including the Light Boulevard, Light Lake, shopping center, sports and fitness areas, international-standard healthcare system, and integrated educational facilities. All of these provide residents with a relaxing, luxurious resort-style living experience right within their own community.
It is evident that urban real estate integrated with golf courses and driving ranges is a segment attracting strong interest from high-end customers. The development of infrastructure, integration of modern services and amenities, and limited product supply are key factors that enhance the value of this distinctive real estate segment.
