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Ministry of Construction: Condotels should be used in the long term like residential land

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.

Nguyen Van Duc: "I oppose the officetel model"

"This officetel model has not been licensed and greatly affected the construction infrastructure as well as social infrastructure of the projects in Ho Chi Minh City in particular and the whole country in general."

Hometel property segment promises big profits, big challenges

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.

Stock indexes
1,102.16 8.03 0.73
Volume: 603,587,510 Value: 12,228 (Billions VNĐ)
226.26 0.11 0.05
Volume: 75,070,425 Value: 1,376 (Billions VNĐ)
85.19 0.2 0.24
Volume: 39,630,264 Value: 459 (Billions VNĐ)
1,090.39 8.69 0.8
Volume: 141,733,828 Value: 4,059 (Billions VNĐ)