Following the success of several condotels in the past few years, the Da Nang real estate market is still focused on providing high quality, 4 and 5-star resort condos and holiday apartment to satisfy the ever-growing demand for tourist accommodation in Central Vietnam.
Recent positive news coming from the Vietnamese government also adds to certainty and security while investing in the holiday apartment market in Vietnam. The competent Vietnamese authorities have provided instructions for holiday property owners to receive ownership certificates (pink books). A long-awaited day for all investors in this property segment 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.
Experts at LuxuryPropertyDanang.com and Central Vietnam Realty also recommend taking into account a few essential aspects when considering the Vietnam’s condotel market such as management’s branding & track record, as well as usability.
One of the most important factors is choosing a condotel project with a management brand you can trust. International hospitality management companies bring increased quality of service as well as improved design – they have been doing it for years. Having the knowledge and experience allows them to implement and execute successful business strategies which in the long run provide the best return and experience for investors.
Another important aspect is flexibility of use of the holiday apartment unit. Condotels are generally favored by investors given 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 through rental and management programs offered.
Currently a few of Da Nang’s most attractive holiday property projects 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 the duration of 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 :
Hoi An Royal Group the owner of M-Gallery Hotel managed by Accor, continues to position themselves as the leader in hospitality development in Hoi An with the introduction of Shantira Beach Resort.
Excellent beachfront location next to Hoi An’s famous An Bang Beach and within short drive to top attractions of Central Vietnam as well as Danang International Airport which is offering more and more direct international connections and plans on adding a new terminal
Resort to be managed by managed by the distinguished Dusit Thani group, owners can trust their property will attract a prestigious echelon of clientele and ensure the swift return of investment.
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 including 100% self-use – perfect for retirement.
Option to purchase outside of the rental program and use / manage your unit yourself 100% of the year from handover with no extra fees. Ready to retire? 🙂
Discounts of up to 11% per unit for early bird buyers
Units have large lifestyle balconies perfect for lounging and entertaining and spacious, modern interiors.
Handover to owners and operations of the resort are expected to start by the end of 2021.
After the success of completing sales of Tower D, Soleil Wyndham Danang is back with their second tower, offering holiday apartments for sale with more attractive pricing and increased investment flexibility.
What are some of the most obvious advantages of Soleil Wyndham Danang project?
Most prime beachfront location in Da Nang City.
International 5 star standards of construction and finishing.
International 5 star operator – Wyndham Hotel Group.
Rental program – offering investors 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 package – apartments are ready to move in or rent out upon handover.
As always, LuxuryPropertyDanang.com 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, Hoi An or elsewhere in Central Vietnam which is right for You!