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4 tips on investment and construction control over Projects with Officetel and Condotel Condominiums
The Ministry of Construction has released the state Dispatch No. 4308/BXD-HDXD concerning the construction and investment handling of projects with condotel (a hybrid of condominium and hotel), officetel (a crossbreed of place of work and hotel) apartments, resort cottages 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:
First, when evaluating and authorising zoning construction and plans strategies, People’s Committees of centrally-affiliated cities and provinces must guarantee that these programs are conforming to technical regulations and standards in power, and offer very clear information about the dimensions of the construction surface area, the quantity of flats and residents for your set up ofofficetel and condotel, holiday resort villa or shophouse features to determine the conditions and needs regarding technical and social structure.
2nd, when determining investment plans for construction investment projects using the previously mentioned real-estate varieties, it is required to make sure the correspondence in between investment functions or land employs and operations of construction projects; note that the development and formation of this kind of real-estate needs to be ideal on the local genuine situation over time periods.
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