Yields of 4-6 per cent are the right expectations for a sustainable rental return, given that the buyer still enjoys free usage and a potential chance for capital gain in the mid- to long-term, says Savills Hotels APAC.
BIM Land now get up to $137 million in financing from IFC and Credit Suisse.
The 31-hectare CocoBay project has been revitalised with a new business stratygy.
The president of Japanese-backed Anabuki Kosan Inc. Tadatsugu Anabuki has recently visited Netland Real Estate JSC to explore opportunities on some real estate projects in the central region of Vietnam.
In the first half of this year, the average primary price of condotel in Danang increased by 19 per cent to reach $2,100 per square meter, according to Savills.
Maibu MGM Hoi An project invested by Bamboo Capital on Ha My beach, Quang Nam province will be a formidable competitor in the high-end resort segment in this area.
General Manager of Novotel Phu Quoc Resort Lee Pearce said that there are several pitfalls and advantages when investing in condotel.
Seaside tourism real estate is becoming one of the most promising sectors and drawing huge attention from prominent investors and developers, according to Dr. Han Manh Tien, chairman of Vietnam Association of Corporate Directors.
Fast demand growth together with limited land fund are the main reasons for the price surges of luxury apartment segment in Danang city.
Proposal of concerned ministries to amend the four laws, including the Law on Real Estate Business, Land Law, Housing Law and Construction Law to legalize condotel was not considered by the National Assembly this time.
