Following the success of several condotels in the past few years, the Da Nang real estate market is still focused on providing high quality, 5-star condotel projects and apartments to satiate the ever-growing tourist market in Central Vietnam.
Recent positive news from the Vietnamese government also adds certainty and security while investing in the condotel market. The Vietnamese government has provided instructions for condotels owners to receive ownership certificates (pink books). A long-awaited day for all condotel investors in Vietnam is looking to be coming sooner than expected here in 2020.
As in any real estate market, it is important to closely look at the price point and strategic location when choosing an investment opportunity. Central Vietnam Realty would also recommend considering a few essential aspects when considering the Vietnam condotel market such as management’s branding & track record, and usability.
One of the most important factors is choosing a condotel project with a management brand you can trust. Often international hospitality management companies bring increased quality of service and design while having the knowledge and experience to implement and execute successful business strategies in the long run providing the best return and experience for investors.
Another important aspect is flexibility of use of the condotel unit. Condotels are generally favored by investors as their double function as condominium apartments and hotel rooms, removing the management responsibilities from the investment with strong returns while providing a holiday home to be used every year.
Currently a few of Da Nang’s most attractive condotels are allowing investors to opt out of the rental program and live in or manage their unit 100% of the year. In another means of allowing maximum flexibility for investors, these condotel developers are also shortening their rental programs to give owners more flexibility and options of unit use down the road.
With sales launches coming end of Q2/2020, CVR would like to highlight a few of the standout leaders in the condotel market as of April 2020 :
No 1. Shantira Beach Resort and Villas
Hoi An Royal Group to continue as the leader in hospitality development in Hoi An with the introduction of Shantira Beach Resort.
Very good beachfront location next to Hoi An’s famous An Bang Beach
Managed by international hospitality and apartment management company Dusit Thani.
Attractive 5 year Rental Program conditions with 90% of pre-tax profits from operations and 30 nights free per year for investors. Full freedom and flexibility after initial 5 years to use your unit as you wish.
Option to purchase outside of the rental program and use / manage your unit yourself 100% of the year from handover with no extra fees.
Discounts of up to 11% per unit for early bird buyers
Units have large lifestyle balconies and spacious, modern interiors. Handover and operation expected Q4/2021.
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No 2. Soleil Wyndham Tower A1
After the smashing success of completing sales of Tower D, Soleil Wyndham is back with their second tower with more attractive pricing and increased investment flexibility.
Most prime beachfront location in Da Nang
International 5 star standards of construction and finishing.
International 5 star operator – Wyndham Hotel Group.
Rental program with investors receiving 80% of net operating profits.
Option to purchase outside of the rental program and use / manage your unit yourself 100% of the year from handover with no extra fees.
Prices include full 5-star standard furniture
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As always, CVR is at your service and happy to provide alternatives given your individual investment preferences.
Contact Us today to find the real estate investment in Da Nang which is right for You!
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