Nexus -
info_outline
Stay signed in to save your points and redeem your rewards at Nexus

Your Rewards are Waiting!

Stay signed in to save the points you've earned. Click on the points to redeem your rewards at Nexus before they expire.

Login In Now
Property

Condotel market slump to continue through 2025

Tough spot: Tourists walk over Huc Bridge on Hoan Kiem Lake in Hanoi. As the tourism sector struggles to recover in the wake of the pandemic, so too are developers finding it difficult to fulfil profit commitments. — AFP

HO CHI MINH CITY: The condotel market remains in a slump due to excess inventory and industry insiders warn it will not recover at least until 2025.

Despite recent positive news about government regulations granting land ownership titles to condotels, only 122 units were sold in the second quarter of 2023.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
condotelmarket , vietnamrealestate , oversupply , investment , recovery , governmentregulations ,

Next In Business News
Hotel ownership, one suite at a time
Price homes affordable at cost
Make cities spongy
Charting a new growth phase
Indonesia faces an investor exodus
Branching out beyond palm oil
Safe havens face fresh test
Indonesia’s burning issue
Stocks favoured despite rising risks
Rate normalisation in focus

Trending in Business

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read

    Load more

    Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

    Best viewed on Chrome browsers.