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4 tips about investment and construction control over Projects with Condotel and Officetel Apartments

The Ministry of Construction has released the Official Dispatch No. 4308/BXD-HDXD concerning the construction and investment management of projects with condotel (a crossbreed of hotel and condominium), officetel (a crossbreed of business office and motel) condominiums, holiday 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 looking for and authorizing zoning plans and construction plans, People’s Committees of centrally-affiliated metropolitan areas and provinces should make certain that these strategies are conforming to specialized regulations and standards in push, and provide crystal clear reasons about the dimensions of the construction floor region, the amount of apartment rentals and occupants for that set up ofofficetel and condotel, resort villa or shophouse features to discover the requirements and needs with regards to social and technical facilities.

Secondly, when deciding investment guidelines for construction investment projects with all the over real estate types, it is required to ensure that the correspondence in between investment reasons or land utilizes and processes of construction projects; note that the formation and development of this kind of property must be perfect towards the neighborhood genuine scenario around periods of time.

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