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A number of tips about investment and construction management of Projects with Condotel and Officetel Flats

The Ministry of Construction has granted the state Dispatch No. 4308/BXD-HDXD about the investment and construction management of projects with condotel (a crossbreed of condominium and hotel), officetel (a crossbreed of office and accommodation) flats, holiday resort holiday villas 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 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, according to this document:

Initial, when looking for and authorizing zoning construction and plans strategies, People’s Committees of centrally-affiliated towns and provinces need to make sure that these strategies are conforming to practical regulations and standards in pressure, and provide crystal clear information about the actual size of the construction flooring place, the volume of apartment rentals and residents to the set up ofofficetel and condotel, holiday resort villa or shophouse capabilities to look for the criteria and needs regarding social and technical structure.

Second, when figuring out investment insurance policies for construction investment projects together with the above property varieties, it is needed to make sure the correspondence among investment reasons or land utilizes and processes of construction projects; keep in mind that the formation and development of this type of real estate property has to be appropriate for the community genuine scenario around periods of time.

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