condotel

Homebuyers gather at Empire Group headquarters to claim condotels

February 15, 2020 | 09:00

Buyers of Cocobay Danang gathered at the headquarters of Empire Group, demanding the developer to either hand over units or terminates their contracts.

Cocobay calamity brings condotel pitfalls to fore

December 05, 2019 | 12:30

Condotel project Cocobay Danang – a tourism complex which features footballer Cristiano Ronaldo in its advertising – suffered a PR disaster last week as the developer reneged on its 12 per cent profit commitment, shedding doubt on the promises of other condotel schemes trying to attract second-home buyers with expectations of high profits. Ngoc Huong reports.

Fulfilling the potential of the risky condotel market

December 05, 2019 | 10:00

In light of the Cocobay Danang situation, in which contracts are not being honoured due to unrealistic expectations being placed on the condotel model, Mauro Gasparotti, director of Savills Hotels APAC, writes on his expectations of the condotel market in Vietnam, and what solutions could be found to ease the situation.

Legal stability required for condotel investment

August 08, 2019 | 11:05

In recent years, the concept of the condotel has dominated the real estate market in Vietnam, and generated a wave of interest in this type of real estate investment. The term, a combination of condominium and hotel, is used to indicate a building that is owned like a condominium but operated like a hotel.

The right rules for condotel growth

August 07, 2019 | 13:29

Condotel projects are blooming in the central city of Danang, with a strong supply in the pipeline, but there remains a gaping hole where specific market regulations should be.

Detailed condotel rules still required

August 01, 2019 | 09:56

Due to lack of a legal framework, the condotel market remained tight through the first half of the year.

Unease over condotel ownership issue

June 18, 2019 | 12:12

Experts have sounded the alarm over the development of the condotel segment in Vietnam after the first project was forced to revise the ownership duration which it had issued to buyers.

Condotel legal framework imminent

June 13, 2019 | 15:28

Condotel developers and buyers will breathe easier later in the year when the legal framework for the new type of property in Vietnam is to be released.

MoC: rules for condotels, officetels coming this year

June 12, 2019 | 09:25

Minister of Construction Pham Hong Ha said at the Tuesday meeting of the National Assembly that his ministry and the Ministry of Natural Resources would complete regulations relating to condotel and officetel this year.

Da Nang condotel market slows but remains robust

May 03, 2019 | 15:59

Due to the unclear regulations on condotels, the market in Da Nang slowed down in the first quarter, according to Colliers International Vietnam’s Quarterly Knowledge Report.

Cleaning up condotel legislation in Vietnam

April 25, 2019 | 08:00

Appearing in Vietnam three years ago, condotels have not yet been properly integrated into the country’s laws on property buying, selling, and management. The Vietnamese government is considering the issuance of a law to fill in this hole. Dao Nguyen, managing partner of DN Legal, draws up four scenarios and solutions to deal with this new property type.