Get 15% stabilized rental yield and 25% IRR for 3 years
Economy - Saipan, the nearest US Territory to Asia, has become a growing tourist destination supported by phenomenal growth of 300% besides the game changing gaming industry taking off by Imperial Pacific Resort casino in 2015 (HKex 1076 market cap HKD18bn).
Tourism - The number of outbound Chinese tourist arrivals is set to reach 220 million by 2020.
Infrastructure – Increase to 150 flights per weekly from major cities in China(48% based on arrivals), Korea(40%) and Japan(12%).
Employment Growth - Imperial Resort Casino and Plumeria Golf Resort on the island set to create number of hotel and casino jobs by 7000+.
Housing – Lack of supply and new construction since 1990s added by economic growth impetus make buying now a compelling factor.
Investment Opportunity – Increasing demand for real estate with visitation growth and labor needs. This represents a huge opportunity for real estate player(offices, hotel operators, residential investments(especially worker accommodation) on the island.
The new Vegas and Macao?
Imperial Pacific’s Casino – soft opened in July 2015 and Grand Opening in July 2017 expanded to 80 VIP tables.
January’s unaudited VIP gambling rolling chip volume rose 147% year-on-year to an all-time monthly high of USD5.59 Billion.
Phase I Grand Mariana Casino and Hotel scheduled to open in 1Q2017, comprising of a 16-story hotel tower with 350 hotel suites, and 15 villa suites.
Projection of 200+ tables and 400 slots.
Research analysts are estimating that the VIP turnover in Saipan will amount to ~50% of Las Vegas in 2017.
Visa-free policy for Chinese visitors, with increased flight routes into Saipan from gateway cities.
Imperial Pacific to continue investing in Saipan with Phase II (an integrated resort) expected to open in succession in 2018 / 2019 totaling in USD7 billion.