condotel market

Further amendments likely to help real estate recovery

July 27, 2023 | 08:00

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

May 19, 2022 | 17:17

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 1

September 09, 2020 | 08:00

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

July 20, 2020 | 08:32

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

February 25, 2020 | 14:00

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

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.