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Tag
condotel
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Untangling legal knots not a panacea, condotel developers discover as demand tanks
Over 42,300 condotels remained unsold at the end of June amid weak demand even after the government resolved the legal issues that once made them a somewhat risky investment.
Title deed grants to stir up condotel market
The granting of title deeds on condotels is expected to resolve challenges that have been around for years, but it might take a while for the market to unfreeze amid macro difficulties.
Hoa Binh Construction Group struggles to collect debt from condotel developer
For the last five years, Hoa Binh Construction Group has been struggling to get the payment for the construction of Cocobay Da Nang, but to no avail.
March 5, 2023 | 11:00 pm PT
With tourism hit, condotel buyers find themselves in hot water
Condotel buyers are struggling since Covid-19 has meant there is little demand to rent or buy their property while they still have to pay interest on bank loans.
March 30, 2022 | 05:27 am PT
Villas, condotels see few buyers in Q2
Nearly 60 percent of the 27 villa and condotel projects that entered the market in the second quarter with 3,251 units saw no transactions.
August 1, 2021 | 05:00 pm PT
Resort real estate sees recovery
Up to 778 resort villas at six projects came into the market in Q1, 3.2 times the number in the previous quarter, and and 26 times from a year earlier.
May 2, 2021 | 05:00 pm PT
Condotel, beachfront villa market slump
Resort real estate supply and sales fell to a five-year low last year, according to real estate consulting company DKRA Vietnam.
January 10, 2021 | 06:59 pm PT
Title deeds welcome, but condotel woes remain
Official recognition of condotel ownership is a positive move, but it cannot resolve bigger legal and economic issues constraining the sector, experts say.
February 26, 2020 | 06:14 pm PT
Da Nang condotel developer threatens to cancel unsettled contracts
Cocobay Da Nang developer has announced it would cancel contracts if buyers don't accept one of the options it has offered.
December 26, 2019 | 12:00 am PT
Condotel segment faces struggle, study warns
Condotel prices have dropped by 8 percent, and the struggle is likely to continue for the segment in 2020, a study says.
December 12, 2019 | 05:23 pm PT
Government to work on laws for condotel model
With many investors getting duped by developers, the Ministry of Construction says it will enact new laws to regulate the condotel sector.
December 2, 2019 | 07:14 am PT
Guaranteed returns ploy driving condotel craze fraught with risk
Ignoring analysts’ warnings, investors bought thousands of condotels, lured by developers' promises of high guaranteed returns each year.
December 1, 2019 | 05:00 pm PT
Da Nang okayed Cocobay turning condotels to apartments
Authorities had approved the conversion of Cocobay Da Nang condotels into apartments long before the crisis over nonpayment of annual returns broke out.
November 30, 2019 | 05:30 am PT
Investors pay the price as Vietnam condotels unravel
Legal loopholes are being blamed for thousands of condotel investors being hurt, but avarice has also been a factor, experts say.
November 28, 2019 | 04:55 pm PT
Da Nang condotel investors saddled with debt as developer defaults
Investors who purchased Cocobay Da Nang condotels with borrowings are left in the lurch as the developer stops paying annual returns.
November 27, 2019 | 08:37 pm PT
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