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Da Nang has nearly 6,000 condotels

In Q3 2016, condotel market in Da Nang is the fastest-growing segment, with the number of new and successfully traded condotels increased sharply. There are over 2,800 condotels launched in the quarter, up the total supply to 5,751 units in 2016, according to CBRE Vietnam. Marc Townsend, Managing Director of CBRE Vietnam, said that home-buyers have more and more selections. Thus, they will consider more carefully before purchase a home. Together with the positive development of Da Nang tourism, condotel market is expected to see stable growth in upcoming quarters thanks to its attraction power.