Investors putting in a nominal investment in a vacant space to adapt it for a non-retail tenant can create long-term interest and occupied space, according to property consulting company JLL Vietnam.
Vietnam's real estate future will be affected most by e-commerce, which is an integrated factor of top five reshaping trends, according to Stephen Wyatt, country head of real estate consultancy firm JLL Vietnam.
JLL Vietnam's Le Thi Huyen Trang said that in case condotel projects canot be sold due to legal risks and profit commitments, it will return to the original nature of hotels.
“Most of the Vietnamese people lack experience in living in condominiums so they usually feel annoyed when following its rules and need time to adapt to them,” said Stephen Wyatt, Country Head of Jones Lang LaSalle (JLL) Vietnam, an American professional service and investment management company specializing in real estate.
