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  • Randrup Terkildsen posted an update 3 months, 3 weeks ago

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    Several advice on investment and construction management of Projects with Officetel and Condotel Flats

    The Ministry of Construction has issued the Official Dispatch No. 4308/BXD-HDXD with regards to the construction and investment management of projects with condotel (a crossbreed of condominium and hotel), officetel (a hybrid of workplace and resort) apartment rentals, vacation 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:

    Very first, when looking for and authorising zoning plans and construction ideas, People’s Committees of centrally-affiliated metropolitan areas and provinces should make sure that these ideas are conforming to technological regulations and standards in push, and supply clear answers about the size of the construction flooring place, the number of apartment rentals and residents for that set up ofcondotel and officetel, vacation resort villa or shophouse capabilities to ascertain the requirements and requirements with regards to technical and social infrastructure.

    Secondly, when deciding investment policies for construction investment projects with all the above property varieties, it must guarantee the correspondence among investment uses or land makes use of and processes of construction projects; be aware that the development and formation of this particular real-estate should be suitable to the neighborhood actual condition around time periods.

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