VN condotel market promises to boom this yearCondotels are becoming a hot development target in the real estate market, as international tourists flock to Viet Nam with increasing speed. — Photo condotelvietnam.comThe condotel market is forecast to keep booming in 2018. According to data from the Viet Nam Real Estate Association (VNREA), in 2017 condotels became the brightest star in the resort real estate sector. The investment in condotel projects has accounted for more than half of total inflows into the real estate market. It is necessary to focus on quality, business strategy and commitment to profitability in order to adapt to the growing market and increasingly tight legal framework of this market, Wyatt suggested.

Source: VietNamNet News March 24, 2018 05:15 UTC