How to Rent Out a Condo in Phu Quoc, Vietnam: Pricing, Demand, and Tenant Strategy

Phu Quoc’s tourism sector is experiencing a significant upswing, with visitor numbers and revenue climbing steadily. This surge is attracting international attention, positioning the island as a key player in Vietnam’s growing tourism industry. For property owners, this translates into a dynamic rental market with considerable potential.

However, the island’s resort real estate market isn’t without its complexities. While tourism booms, challenges like oversupply and development issues persist. Understanding these nuances is crucial for maximizing rental income and ensuring a smooth operation.

TL;DR: Phu Quoc’s tourism revenue is soaring, with international visitor numbers up 49% year-on-year in accommodation searches for 2025¹⁵. The average daily rate for short-term rentals is around $89, with top properties reaching over $219, and occupancy rates average 43.5%⁶. 1-bedroom units are the most common rental size, and Duong To and An Thoi are prime neighborhoods for condo rentals⁷.

Market Snapshot

Phu Quoc is rapidly emerging as a significant tourism hub in Southeast Asia. Recent data indicates a substantial increase in both international visitor arrivals and tourism revenue, signaling a robust recovery and growth trajectory for the island’s hospitality sector. This upward trend is further bolstered by Phu Quoc’s recognition as a trending destination for 2026 by international travel platforms³.

Despite this positive tourism outlook, the resort real estate market has encountered headwinds. Reports suggest that an oversupply and less-than-ideal development practices have created challenges for property operators⁴. Navigating this dual reality—a booming tourism industry alongside a complex real estate landscape—is key for any property owner looking to succeed.

Who Rents This Property Type Here?

The dominant room capacity in Phu Quoc’s short-term rental market is 1-bedroom units, indicating a strong demand from couples or solo travelers seeking comfortable and well-appointed accommodations. Properties designed for two guests are the most prevalent, reinforcing the idea that couples form a primary segment of the renter demographic.¹²

However, there’s also a notable segment catering to larger groups, with a significant percentage of properties accommodating six or more guests. This suggests opportunities for larger condos or multi-bedroom units. International tourists are the primary renters, with domestic visitors representing a much smaller portion of the market². Additionally, a portion of the market caters to extended stays, with a noticeable percentage of listings offering monthly rental options⁷.

Pricing and Demand

The average daily rate (ADR) for short-term rentals in Phu Quoc hovers around $89, though premium properties can command rates exceeding $219 per night. Occupancy rates for these short-term rentals average 43.5%, with top-performing properties achieving over 73% occupancy⁶. This indicates a healthy demand, but also highlights the importance of competitive pricing and high-quality offerings to stand out.

Rental prices for condos can vary significantly. While some 1-bedroom units might be listed around 13,000,000 ₫ per month, larger 4-bedroom apartments can reach up to 75,000,000 ₫ per month⁷. The island’s economy is heavily reliant on tourism, making rental income susceptible to fluctuations in visitor numbers and seasonal demand¹.

Best Neighborhoods

When considering where to rent out your condo, certain neighborhoods stand out due to their concentration of rental properties and amenities. Duong To and An Thoi are frequently cited as prime areas, boasting a high number of condos available for both rent and sale⁷. These locations often attract a steady stream of potential tenants.

Other areas like Ham Ninh, Ganh Dau, and Duong Dong also offer condo rental opportunities⁸. Ham Ninh provides options for long-term rent, while Ganh Dau is part of a developing area with a growing number of listings. Duong Dong, as the island’s administrative and commercial center, also presents some condo rental possibilities.

Listing Strategy

To attract renters, focus on 1-bedroom and 2-bedroom units, as these are the most common and in-demand sizes⁷. Highlight key amenities such as swimming pools, dedicated workspaces, and proximity to popular attractions, as these features are highly sought after by travelers. Given the market’s preference for flexibility, consider offering options for shorter stays, as a significant majority of listings allow for 1-night bookings.

For those seeking longer stays, offering monthly rental options can cater to a specific segment of the market. Ensure your listings feature high-quality photos and detailed descriptions that emphasize desirable aspects like sea views, balconies, and modern design. This visual and descriptive appeal is crucial in capturing potential renters’ attention in a competitive market.

Operations and Screening

What matters in practice:

Property operators in Phu Quoc need to be prepared for the cyclical nature of tourism. Demand typically peaks in December and dips in May, requiring strategic planning for occupancy and revenue management throughout the year¹. Addressing potential infrastructure challenges is also vital; some newer developments might lack essential services like reliable water and electricity, which can impact guest satisfaction.

Navigating the local regulatory landscape is another critical aspect. Staying informed about zoning laws, foreign ownership restrictions, and other local ordinances is essential to ensure compliance and avoid potential legal issues². Given the island’s strong reliance on tourism, operators must also consider the potential impact of global crises or travel restrictions on visitor numbers and, consequently, rental income.

Local Pitfalls

One of the primary challenges for property operators in Phu Quoc is the inherent cyclicality of tourism. This means that occupancy and rental income can fluctuate significantly throughout the year, with higher demand typically seen during the peak season (often December) and lower demand during the off-peak months (such as May)¹.

Another significant hurdle can be infrastructure gaps. Some newer developments, despite their appeal, may not yet have fully established basic services like consistent water and electricity supply. Furthermore, navigating the complexities of local regulations, including zoning laws and foreign ownership rules, requires diligence and often the assistance of local experts to ensure full compliance².

Frequently Asked Questions

What is the average rental price for a condo in Phu Quoc? Rental prices can vary widely based on size, location, and amenities. However, 1-bedroom units can typically be found for around 13,000,000 ₫ per month, with larger units commanding higher prices⁷. It’s essential to research comparable properties in your specific area to set a competitive rate.

What are the most popular condo sizes for rent in Phu Quoc? The most common and in-demand condo sizes for rent are 1-bedroom and 2-bedroom units⁷. These cater to the primary renter profiles of couples and solo travelers, making them a safe bet for property owners looking to maximize occupancy.

Are there specific neighborhoods in Phu Quoc that are better for condo rentals? Yes, Duong To and An Thoi are considered prominent areas with a high concentration of condo rentals and sales⁷. These neighborhoods often see consistent demand due to their amenities and accessibility.

Why Hausive Fits This Workflow

If you are managing condo units in Phu Quoc, Vietnam, Hausive is the property management software that keeps leasing, rent collection, maintenance, and owner reporting in one place. It is a better fit when you want faster follow-up, cleaner records, and less day-to-day thrash as listings, tenants, and owners all need answers at once.