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.
Property developments back on track to woo new buyers

Property developments back on track to woo new buyers

Prospects are looking up for property developers as they resume construction and launch new ventures after the summer struggle.
Evergrande case and its implications for Vietnam’s future property development

Evergrande case and its implications for Vietnam’s future property development

Although Evergrande Group’s debt crisis has not ended, its domino effect still haunts the entire Chinese economy and the global market. Patrick Lenain, assistant director at the Organisation for Economic Co-operation and Development, shares his thoughts on the lessons and implications for Vietnam from this case.
“Cities within cities” becoming more prevalent across Vietnam

“Cities within cities” becoming more prevalent across Vietnam

Property developers are increasing their interest in integrated large-scale projects and megacities, with the trend continuing to dominate the residential markets of Hanoi, Ho Chi Minh City, and neighbouring provinces.
Property developers not keen on workers’ housing

Property developers not keen on workers’ housing

Developers in the south are ignoring the workers’ housing segment despite the huge demand for it, analysts said.
HCMC developers seek greener pastures

HCMC developers seek greener pastures

Many property developers in HCM City are moving to neighbouring provinces and cities and even as far away as the central region as city authorities are issuing fewer licences and legal procedures elsewhere are simpler.
Property firms face financial difficulties

Property firms face financial difficulties

HCM City-based property developers listed their difficulties at a meeting between the HCM City Real Estate Association and the city authorities on Wednesday.
Developers race to add value to projects

Developers race to add value to projects

Property developers were racing to increase added value for their projects to attract buyers as competition becomes increasingly harsh. According to Nguyen Do Dung, managing director at Singapore-based urban solution consulting company EnCity, this competition is shaping new trends in the real estate market.
Developers look to foreign investors

Developers look to foreign investors

Amid narrowing credit sources and rising lending interest rates, property developers have been diversifying their capital mobilisation channels, including calling for foreign investment.
Lack of upmarket office space makes HCM City red hot for developers

Lack of upmarket office space makes HCM City red hot for developers

The HCM City office market is rife with opportunities for property developers, especially the grade A and B segments which have been labouring under a shortage for the last couple of months, experts said.