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Hotel101 Global a unit of DoubleDragon, which is jointly owned by billionaire Tony Tan Caktiong and tycoon Edgar Sia agreed to merge with JVSPAC in a deal valuing the hotel operator at $2.3 billion. ....
An “exciting” period is in store for real estate M&A activities in Vietnam in the next two years once the legal framework is clearer and more relaxed, says Neil MacGregor, managing director at Savills Vietnam ....
More than 3,700 tourist apartments, which are part of the Times Square Danang complex, were converted into apartments by Danang People’s Committee in May, and are now causing concern about infrastructure overload both there and at future conversions. ....
Although a new decree will allow the issuing of ownership certificates to condotels, experts say the regulations will still be inadequate and need to be supplemented in the near future to create a good enough legal corridor for the thousands of condotels in the market. ....