Condotel oversupply due to massive investmentVietNamNet Bridge - While investors remain optimistic about condotels, seeing promising profits, experts are concerned about the rapid development of the real estate product. Many condotel projects have reportedly achieved positive sales rates of up to 70-80 percent within just six months of launching. Some investors have committed to give land use right certificates (red book) to condotel buyers on delivery. Some investors have committed to give land use right certificates (red book) to condotel buyers on delivery. In the sea city of Nha Trang, for example, the number of travelers has been increasing rapidly, which means high demand for rooms.

Source: VietNamNet News December 25, 2017 01:52 UTC