Over a decade of transformation in condotel industry

Over a decade of transformation in condotel industry

The condotel industry in Vietnam has experienced significant transformations over the past decade.
Condotel sales at lowest level in six years

Condotel sales at lowest level in six years

Vietnam’s condotel market is facing liquidity issues, with sales hitting the lowest level in six years in the first quarter of 2024.
Further amendments likely to help real estate recovery

Further amendments likely to help real estate recovery

The spotlight has been back on the real estate market in recent months with many renowned foreign investors entering the market, but further market revisions will be required to keep things moving in the right direction.
Taking the right approach to the condotel legislation conundrum

Taking the right approach to the condotel legislation conundrum

The absence of legislation and clarity regarding condotel ownership has been a significant obstacle for property developers and the hospitality sector. In the last 7-10 years, there was a significant amount of investment in condotel products, mainly in resort areas alongside villas and hotels. These multi-segment developments have often been funded by the presale of villas and condotel units.
Condotel developing slows amid restrictions

Condotel developing slows amid restrictions 1

Recent decisions to impose stricter management on condotels and officetels are pushing developers and investors into a miserable situation, as the whole real estate market reels from the pandemic impacts.
Ministry proposes not allowing conversion of condotel into residential projects

Ministry proposes not allowing conversion of condotel into residential projects

The Ministry of Public Security has proposed not granting ownership certificates to allow condotels, tourist villas and officetels to be turned into residential projects.
Brighter condotel future set for both investors and buyers

Brighter condotel future set for both investors and buyers

With new guidance on granting ownership being issued in Vietnam, condotel investors are seeing a light at the end of the tunnel after more than two years of uncertainty, with a strengthened market expected to appease both investors and buyers.  
Legal stability required for condotel investment

Legal stability required for condotel investment

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.
Detailed condotel rules still required

Detailed condotel rules still required

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