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A number of advice on investment and construction handling of Projects with Condotel and Officetel Condominiums

The Ministry of Construction has issued the Official Dispatch No. 4308/BXD-HDXD regarding the construction and investment treatments for projects with condotel (a crossbreed of condominium and hotel), officetel (a hybrid of business office and accommodation) apartments, holiday resort villas or shophouses.

According to this document, 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 agencies and units 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:

Initially, when evaluating and approving zoning plans and construction strategies, People’s Committees of centrally-affiliated cities and provinces should ensure that these strategies are conforming to practical standards and regulations in power, and offer obvious answers about how big the construction ground location, the quantity of flats and people for that set up ofcondotel and officetel, vacation resort villa or shophouse capabilities to discover the criteria and needs about social and technical structure.

Next, when choosing investment plans for construction investment projects with the over real-estate varieties, it must ensure that the correspondence among investment functions or land uses and functions of construction projects; remember that the formation and development of this type of real estate should be perfect for the community true scenario above periods of time.

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