The Ho Chi Minh City Real Estate Association (HoREA) has proposed unifying regulations for real estate used for office, tourism, and hospitality purposes. The association submitted these relevant proposals during the discussions on the draft of the revised Law on Real Estate Trading.
HoREA suggests abandoning the separate listing of formats such as condotels, resort villas, resort townhouses, and officetels. Instead, the association proposes using a single, unified term: "structures intended for office, tourism, and hospitality purposes."
According to HoREA, this approach will make it possible to regulate not only existing real estate formats but also new products emerging on the market. Among them, the association specifically mentions farmstays, small accommodation apartments, and sleep boxes.
The proposal comes against the backdrop of significant growth in the resort real estate market. According to data from the Vietnam Association of Realtors cited by HoREA on August 18, 2026, between 2022 and June 2026 alone, 35,538 units were created in Vietnam: 24,767 tourist apartments and 10,771 tourist villas and townhouses.
Taking into account projects developed earlier, the total number of such units has reached approximately 146,438. However, this statistics does not include more than 10,000 officetels in Hanoi and Ho Chi Minh City.
Most condotel projects were developed between 2007 and 2020, when the legal framework for this segment remained incomplete. This led to issues regarding the issuance of property titles, land use, and the commissioning of individual projects.
A similar situation arose with officetels. In Ho Chi Minh City, legal hurdles affected 8,918 units across 29 projects. By December 2024, these issues had been resolved for 7,174 units across 9 projects, representing approximately 80% of this total.
HoREA also proposes clarifying the rules for the sale and lease of such properties, including requirements for contracts and the conditions for bringing real estate to the market. According to the association's proposal, contracts must clearly state the intended use of the property as approved by competent authorities.
At the same time, condotels and officetels must simultaneously comply with legislative requirements in the fields of investment, construction, fire safety, tourism, accommodation, real estate management, and taxation.
HoREA's proposals are aimed at establishing uniform rules for existing resort and tourism real estate formats rather than creating separate regulations every time a new type of property emerges.