Resort real estate lost ground in 2019
MarketFrom a hot real estate trend for over three years, 2019 marked fall from favor for condotels – controversies and protests dogged the sector.
Condotel market faces challenges yet remains a promising property segment
MarketThough the condotel market is facing major challenges, investment in condotels remains appealing and is expected to benefit the real estate sector, as long as a clear legal corridor is established to protect investors.
Vietnam to work on amending regulations on condotel model
PolicyWith many investors getting duped by developers, the HCMC Real Estate Association (HoREA) has proposed amending unreasonable regulations affecting the condotel segment which causes huge losses to secondary investors.
Experts warn of risks of condotel projects
PolicyBuyers of condotel units are at stake since they have made their investment decisions based on what brokers have said and on their trust in project developers without obtaining sufficient information, experts commented.
Legal framework for condotels must be completed within this year: PM
PolicyPrime Minister has just asked the Ministry of Construction to promulgate regulations on amendments and supplements to construction standards for condominiums, condotels, resort villas, officetels and rooms for rent.
Condotels look to legal framework for revival
PolicyPositive signs have been seen in Vietnam’s condotel arena after two years of downturn as consumption in the third quarter of this year was reported at 86 per cent compared to below 40 per cent in the same period of 2018.
Danang’s two most popular tourism real estate show contrary
MarketWhile condotel is expected to regain popularity in the near future, Danang’s second-home villas market sees no sign of improvement throughout and after the first half of 2019.
Condotel: Potential left untouched
MarketDespite unclear legal framework for condotels, investors evidently have persistent interest in its potential for great future returns. On the contrary, the supply of second-home villas is still forecasted to be inadequate, Colliers International reported.
Experts urges authorities to create legal framework for condotels
PolicyAlthough many people are keen on condotels, the Government has yet to create a legal framework for this property segment, experts said.
Booming condotel inventory puts hotel occupancy under pressure
MarketThe rapid growth of Airbnb and condotels is posing significant challenges to traditional hotel business in Vietnam.
