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Update news Cocobay Danang
The Danang People's Court has brought complaints and denunciations of Empire Group and its Cocobay Danang to the attention of Danang Public Security Department.
Cocobay's breaking its commitment of 12 percent profit has lowered the confidence of condotel investors.
In light of the Cocobay Danang situation, Mauro Gasparotti, director of Savills Hotels APAC, writes on his expectations of the condotel market in Vietnam, and what solutions could be found to ease the situation.
Condotel project Cocobay Danang – a tourism complex which features footballer Cristiano Ronaldo in its advertising – suffered a PR disaster last week.