The condotel market has faced a gloomy period due to low absorption rate while inventory has been on the rise, experts said.
CapitaLand Limited organised an event in mid-July at its d’Edge Thao Dien apartment project in HCM City as a part of its plan in handing over units to homebuyers.
HCM City’s District 1 has been a magnet for property developers in recent years thanks to its constantly improving infrastructure.
Across cities in Việt Nam, building high-rise apartments is gaining popularity as urban populations swell while ground space remains limited.
Singapore’s Ascott Limited has officially launched Việt Nam’s largest serviced residence, Citadines Blue Cove Đà Nẵng by the Hàn River on the Sơn Trà peninsula.
An inspection team of officials from the construction and public security ministries and HCM City’s People’s Committee on May 7 examined fire safety measures in apartment buildings and high-rise buildings in the city.
Investors in HCM City are struggling to rent their apartments as the market continues its tepid streak that began in early 2016, according to the Đầu Tư (Việt Nam Investment Review) newspaper.