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  • Sinclair Gram posted an update 2 months, 2 weeks ago

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    Four tips on construction and investment handling of Projects with Officetel and Condotel Apartments

    The Ministry of Construction has released the state Dispatch No. 4308/BXD-HDXD regarding the construction and investment treatments for projects with condotel (a hybrid of hotel and condominium), officetel (a crossbreed of business office and motel) condominiums, vacation resort villas 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 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:

    Initial, when evaluating and approving zoning construction and plans programs, People’s Committees of centrally-affiliated metropolitan areas and provinces must ensure that these ideas are conforming to technological standards and regulations in power, and give clear explanations about the size of the construction flooring area, the quantity of apartment rentals and inhabitants to the agreement ofcondotel and officetel, holiday resort villa or shophouse capabilities to determine the standards and needs regarding technical and social infrastructure.

    Second, when choosing investment guidelines for construction investment projects with all the previously mentioned real estate sorts, it is required to guarantee the correspondence among investment purposes or land makes use of and functions of construction projects; keep in mind that the development and formation of this kind of property should be ideal for the nearby actual situation above amounts of time.

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