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4 tips on investment and construction treatments for Projects with Officetel and Condotel Flats

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

Very first, when evaluating and authorising zoning construction and plans programs, People’s Committees of centrally-affiliated places and provinces need to make certain that these strategies are conforming to technological regulations and standards in power, and supply clear explanations about how big the construction floor place, the quantity of flats and occupants to the arrangement ofofficetel and condotel, holiday resort villa or shophouse functions to look for the criteria and specifications about technical and social facilities.

2nd, when figuring out investment insurance policies for construction investment projects together with the previously mentioned real estate property sorts, it is needed to make sure the correspondence in between investment reasons or land uses and operations of construction projects; be aware that the formation and development of this kind of real-estate has to be suitable for the neighborhood genuine situation more than time periods.

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