Authorities continue to sit on laws to regulate condotels: experts

No more condotels should be built in Vietnam and the focus should instead be on developing existing ones, says Vietnam Realtor.

Challenges remain in building a legal framework for condotels development in Vietnam, industry insiders said at a recent conference.

Economic and infrastructure growth and lack of new supply in condo segment the reasons, according to the Vietnam Association of Realtors.

Only 19 percent of the new holiday homes on the market sold in the first quarter of this year.