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    Four recommendations on investment and construction management of Projects with Condotel and Officetel Apartment rentals

    The Ministry of Construction has released the state Dispatch No. 4308/BXD-HDXD concerning the construction and investment management of projects with condotel (a hybrid of hotel and condominium), officetel (a crossbreed of office and accommodation) flats, 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 construction and plans plans, People’s Committees of centrally-affiliated places and provinces need to make certain that these ideas are conforming to technical standards and regulations in power, and supply clear information about the size of the construction surface location, the quantity of condominiums and people for your set up ofcondotel and officetel, resort villa or shophouse features to ascertain the criteria and requirements with regards to social and technical facilities.

    Secondly, when figuring out investment insurance policies for construction investment projects with all the earlier mentioned real estate kinds, it is necessary to make sure the correspondence between investment reasons or land makes use of and functions of construction projects; note that the formation and development of this sort of property should be ideal to the community real circumstance over intervals.

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