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4 advice on construction and investment handling of Projects with Condotel and Officetel Apartment rentals
The Ministry of Construction has issued the Official Dispatch No. 4308/BXD-HDXD with regards to the construction and investment handling of projects with condotel (a hybrid of hotel and condominium), officetel (a crossbreed of workplace and resort) apartment rentals, holiday resort cottages or shophouses.
In order to continue to improve the effectiveness and efficiency of the state authority over the management of construction investment, the Ministry of Construction requests the People’s Committees of provinces and centrally-run cities to order relevant units and agencies during the process of their management of construction investment, or construction authorities during the process of their implementation of administrative procedures, for construction investment projects with condotel, officetel apartments, resort villas or shophouses should keep the followings in their mind, according to this document:
Very first, when evaluating and authorising zoning plans and construction ideas, People’s Committees of centrally-affiliated towns and provinces need to make sure that these ideas are conforming to practical standards and regulations in force, and supply obvious information about the actual size of the construction flooring location, the quantity of apartments and inhabitants to the arrangement ofcondotel and officetel, holiday resort villa or shophouse functions to determine the standards and needs regarding technical and social infrastructure.
Secondly, when figuring out investment policies for construction investment projects with the earlier mentioned real-estate types, it is required to guarantee the correspondence in between investment purposes or land utilizes and functions of construction projects; note that the formation and development of this particular real estate must be ideal towards the community true condition above periods of time.
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