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4 tips on investment and construction handling of Projects with Officetel and Condotel Apartments
The Ministry of Construction has issued the Official Dispatch No. 4308/BXD-HDXD with regards to the construction and investment treatments for projects with condotel (a hybrid of condominium and hotel), officetel (a hybrid of office and hotel) apartments, vacation resort 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:
Very first, when evaluating and approving zoning construction and plans plans, People’s Committees of centrally-affiliated towns and provinces need to make certain that these programs are conforming to technical regulations and standards in push, and give clear information about the actual size of the construction surface place, the number of apartment rentals and inhabitants for that agreement ofcondotel and officetel, vacation resort villa or shophouse characteristics to determine the standards and needs about technical and social facilities.
Next, when determining investment plans for construction investment projects with the above real estate types, it is required to ensure that the correspondence in between investment reasons or land employs and processes of construction projects; keep in mind that the development and formation of this sort of real estate must be appropriate on the local real situation around periods of time.
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