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Hoa Binh Construction Group struggles to collect debt from condotel developer

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.
With tourism hit, condotel buyers find themselves in hot water

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

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

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

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

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

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 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

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

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

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

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

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
Condotel developer defaults on payment of returns to buyers

Condotel developer defaults on payment of returns to buyers

The developer of condotel complex Cocobay Da Nang will stop paying buyers the annual returns it had promised due to financial difficulties.
November 26, 2019 | 07:00 pm PT
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