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Invest in Danang condotel: notes to prevent big competition

As condotel supply is abundant in Danang, representative of CBRE said that investors need to select high-quality products with new trends in order to ensure high occupancy rate. Duong Thuy Dung of CBRE said that despite of high condotel and resort villa supply in Danang, it is not that high compared to potential growth of Danang tourism. Aside from having distinguishable products, Duong Thuy Dung emphasized that investors need to research carefully about the product’s hireability, as well as location, property developer’s reputation, property manager, etc.