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4 advice on construction and investment treatments for Projects with Officetel and Condotel Condominiums
The Ministry of Construction has granted the state Dispatch No. 4308/BXD-HDXD with regards to the investment and construction control over projects with condotel (a hybrid of condominium and hotel), officetel (a hybrid of workplace and resort) apartment rentals, 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 units and agencies 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:
First, when evaluating and granting zoning plans and construction plans, People’s Committees of centrally-affiliated towns and provinces need to guarantee that these plans are conforming to specialized standards and regulations in pressure, and supply crystal clear explanations about the size of the construction floor location, the quantity of apartment rentals and occupants for your set up ofcondotel and officetel, vacation resort villa or shophouse characteristics to determine the conditions and demands with regards to technical and social system.
Next, when figuring out investment policies for construction investment projects with the above real estate sorts, it is necessary to guarantee the correspondence involving investment uses or land utilizes and operations of construction projects; be aware that the formation and development of this kind of property has to be ideal towards the neighborhood real circumstance over periods of time.
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