Chief operating officer of the property developer Indochina Capital shows his concerns when investors are providing too many attractive offers to condotel buyers in Vietnam.
On May 10, 2018, FLC Group entered into the Memorandum of Understanding (MoU) with Best Western, a hotel management brand from the US.
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.
Minister of Construction Pham Hong Ha proposed to amend the Land Law to allow using the land for trade in tourism services in the long term with obtaining land use fees similar to residential land.
Hoa Binh Construction and Real Estate Corporation (Hoa Binh), in January 2018, has won the tender of the seven packages involved in the construction of the foundation, structure and plastering.
About the viewpoint of FLC Chairman Trinh Van Quyet on proposing to apply the civil code to settle legal issues for condotels, many lawyers disagreed because they said it was not suitable.
Nha Trang Bay Investment Construction Joint Stock Company will present The Arena Cam Ranh - the largest condotel complex project in Vietnam this weekend.
Project of Double Tree by Hilton Hạ Long Bay Hotel & Condotel which is invested by Tri Duc Hotel Joint Stock Company was commenced on December 06, 2017.
Nha Trang and Danang are the two leading real estate markets of Vietnam in terms of condotel supply.
Though hometel properties are new in Vietnam, the segment is well known as a profitable business model as investors can make high profits when reselling or leasing.
