Condotel is a very strange concept to Vietnamese people. You can imagine that the simplest condotel is apartments – hotels. Here are the basic facts about Condotel in Da Nang.
What is Condotel? What are the characteristics of Condotel?
Condotel is the abbreviation of Cond – Hotel. So, you must know what Condotel is. It is a combination of apartment and hotel. In a simpler way, you can use the hotel room to cook as much as you want in your own home.
Condotel features include:
- Having a specific management unit;
- The main mode of operation is Shared Time;
- Condotel belongs to the resort segment;
- Transferable to Condotel’s use and ownership rights;
- Benefits and utilities of the system;
- A form of earning profit investment.
What is the cost for Condotel?
Condotel is a combination of apartment and hotel. In particular, you can be the owner, user of the Condotel if a certain cost for the acquisition of the right to use and ownership is paid.
The cost of Condotel entirely depends on what your role in the Condotel system is.
In case you are a user: You must pay all reasonable expenses as required by the management unit.
In case you are the owner: you lose the cost of acquisition rights, fulfill the obligations to pay fees, other taxes as prescribed
A luxury condotel in Da Nang City
What are the benefits of Condotel in Da Nang?
Before talking about the benefits Condotel in Da Nang can bring you, we introduce you some characteristics of this dynamic young city:
- Geographical location: near the sea, many important roads leading to other areas;
- Place where many important economic, political and cultural events take place: Asia Pacific Economic Cooperation Forum APEC 2017, Da Nang International Fireworks Festival DIFF 2017,…
- Concentrate many Da Nang real estate projects: planning development of Han River, Son Tra peninsula,…
From this particular feature of Danang, we can see that Condotel helps:
- Bring you economic efficiency. Because you participate, buy the right to use, own Condotel in Da Nang as soon as possible at the cheaper price. With the ongoing development of Danang at present, you must have imagined Danang in the following years.
- Relax yourself and your relatives.
With the benefits of Condotel in Danang, you should consider to own a Condotel soon. Hope the information will be useful to you. Good luck!