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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.
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.
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 29, 2019 | 07:55 am GMT+7
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 28, 2019 | 11:37 am GMT+7
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 27, 2019 | 10:00 am GMT+7
