Condotels still in a grey zone
Despite a recent jump in the number of condotels offered to the local market, buyers are at risk of not being given ownership certificates or red books. Condotels – which offer short-term rentals and hotel-level services together with the independence of a condominium – are driving much of the recent interest in the second-home segment. In documentation sent to competent bodies, representatives from the Vietnam Real Estate Association and the Ho Chi Minh City Real Estate Association (HoREA) have petitioned for the creation of condotel-specific ownership certificates. The situation has been at a standstill for more than one year.
For more details, please kindly visit:
http://www.vir.com.vn/condotels-still-in-a-grey-zone.html
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Apartment for foreign experts: The potential 'billion-dong' segment
According to the latest real estate report, the total condotel supplies in 2017 have reached 66,000 units. By the end of this month, Berjaya D2D Vietnam a multinational corporation from Malaysia - will introduce more than 700 high-end apartments in the Topaz Twins project, price from VND1.3 bil per unit. In addition to the Berjaya - D2D Group, Toan Thinh Phat Co., Ltd. is also investing in a high-end project with hundreds of high-end apartments for rent for foreign experts. In addition, Creed Group in cooperation with An Gia will launch a project worth nearly VND 1,000 bil with nearly 500 apartments.
For more details, please kindly visit:
http://vinanet.vn/tieu-dung/can-ho-cho-chuyen-gia-ngoai-thue-phan-khuc-ty-do-tiem-nang-686312.html
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Novaland Group launchs Novaland Azerai Can Tho premium resort
Novaland Group put into operation the Azerai Phu Sa Nova high-end resort in Can Tho City center. Nova Phu Sa Azerai is a luxury ecological resort located on Con Au with an area of 20 hectares including 60 bungalows and 45 timeshare villas and many other amenities. This is the first luxury resort in the Mekong Delta, managed by Azerai brand of Mr. Adrian Zecha - the founder of the world-renowned luxury resort chain - Aman Resort.
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Last sale opening of 220 apartments in Cityland Park Hill
On December 27th, Cityland Real Estate Investment Company Limited announced the 3rd phase of CityLand Park Hills - the Block P2, a role-model urban area of Cityland Park Hills. Homebuyers are financially supported by Vietinbank with loans up to 70% of the apartment value. This is the last chance for homebuyers to own the Cityland Park Hills's apartment at the original price from the developer.
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Saigon Mystery Villas: Perfect living space for the upper class
Saigon Mystery Villas is a valuable project located in the heart of District 2 administrative center and adjacent to Thu Thiem New Urban Area - the new financial - economic center in HCM City. Thanks to the developed transport system, Saigon Mystery Villas's residents will inherit the advantage of the infrastructure when the construction of the bridge through Diamond Island connecting Thanh My Loi residential area to Mai Chi Tho Boulevard (with a total investment of more than VND 494 bil) has been started and expected to be completed in 2019.
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