Condotels

Land use rights for condotels remain stalled amid lack of thorough guidance

September 13, 2023 | 12:12

Three months after a decree was issued to regulate land and housing rights certificates for condotels, additional guidance for relevant departments is still not forthcoming.

Condotels, officetels get ownership certificates from May 20

May 23, 2023 | 17:01

Owners of condotel apartments who fully satisfy the conditions under the land law, construction law and the law on real estate business shall be granted a certificate of ownership of land-attached construction facilities according to the commercial or service land area purpose.

Condotels have not been forgotten

April 12, 2023 | 13:28

Despite unresolved issues, the licence to grant ownership rights for resort and condotel properties has fulfilled investors' hopes after decades of waiting.

Buyers of condotels, officetels to get ownership certificates

April 07, 2023 | 16:48

Ownership certificates will be granted to buyers of condotels, officetels, resort villas and other properties which are built on commercial and services land and used for accommodation and tourism purposes.

Necessary steps for legal clarification of condotels

November 03, 2022 | 10:00

There continues to be controversy concerning the need for adding a legal framework for condotels into the recent draft of the Law on Land in Vietnam, which is currently under consultation.

Ixora Ho Tram by Fusion sets record: condotels fully deposited before official launch

May 11, 2021 | 11:48

All condotel units and more than 70 per cent of the villas at Ixora Ho Tram by Fusion have found owners at the official launch at The Grand Ho Tram Hotel.

Hanoi tightens management over condotels, officetels, resort villas

September 04, 2020 | 09:56

The Hanoi People's Committee recently issued a written request to tighten the management of the investment, construction and business of condotels, tourist villas and officetels.

Condotels to flare up with legal fine-tuning

March 24, 2020 | 11:55

With the tourism real estate market almost frozen after the collapse of luxury resort project Cocobay and the harsh impact of COVID-19, good news has come recently in the form of a new document issued by the Ministry of Natural Resources and Environment meant to guide the land use regime and ownership certification of non-residential construction works.

Ownership certificates for condotels could solve market issues: experts

February 22, 2020 | 11:13

Experts believe the State's issuance of ownership certificates for non-residential real estate projects will solve existing difficulties in Vietnam’s real estate market.

Condotels look to legal framework for revival

October 10, 2019 | 16:00

Positive signs have been seen in Vietnam’s condotel arena after more than two years of downturn as consumption in the third quarter of this year was reported at 86 per cent compared to less than 40 per cent in the same period of 2018.

Stable condotel profits preferred

July 17, 2019 | 15:42

Developers of condotels and second home properties are providing more options for buyers by offering alternative incentives rather than the vanilla profit commitment.

Risks in fledgling condotel segment

April 25, 2019 | 10:23

Despite the lack of a legal framework and phantasmagoric profit commitments, condominium-hotels (condotels) have been one of the most attractive property products among buyers. Bich Ngoc reports.

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.

Ensuring profitability of Vietnamese condotels

April 24, 2019 | 11:00

The condotel segment has recently emerged as one of the most attractive investments for investors. VIR’s Quynh Chau talked with Bob Merrigan Regional Director – Hotel Project Services, Asia Pacific, JLL, on his assessment on this new segment of the Vietnamese real estate market.

Ho Chi Minh City asks for regulations on officetels, condotels

July 31, 2018 | 20:44

Ho Chi Minh City People’s Committee has sent a document to the Government Office to ask Prime Minister Nguyen Xuan Phuc to issue regulations on officetel, condotel and resort management.