HCM CITY — Due to the unclear regulations on condotels, the market in Da Nang slowed down in the first quarter, according to Colliers International Vietnam’s Quarterly Knowledge Report.

Buyers are becoming more cautious about developers’ promises of lofty returns, and developers themselves are also adopting caution before introducing new products, the report on the first quarter real estate market said.
Though the future of condotels is unclear, investors evidently have persistent interest in the potential for future returns.

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