The condotel market remains in a slump due to excess inventory, and industry insiders warn it will not recover at least until 2025.

The Vietnamese condotel market will not recover at least until 2025 due to excess inventory, according to insiders.

Severe economic impacts as a result of the pandemic have put more stress on the local condotel market.

 The condotel market has faced a gloomy period due to low absorption rate while inventory has been on the rise, experts said.

Investors have once again shown interest in condotels as the legal issues for this kind of real estate product have been clarified. However, the market remains cool.

With new guidance on granting ownership being issued in Vietnam, condotel investors are seeing a light at the end of the tunnel after more than two years of uncertainty.

Cocobay's breaking its commitment of 12 percent profit has lowered the confidence of condotel investors.

VietNamNet Bridge - A number of condotel projects in the tourism city of Nha Trang have been put up for sale, but demand is weak.