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  • Sinclair Gram posted an update 5 months, 3 weeks ago

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    Several recommendations on investment and construction handling of Projects with Condotel and Officetel Flats

    The Ministry of Construction has issued the Official 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 business office and motel) flats, 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:

    Very first, when evaluating and authorising zoning plans and construction programs, People’s Committees of centrally-affiliated towns and provinces should ensure that these programs are conforming to technical regulations and standards in power, and offer crystal clear explanations about the actual size of the construction flooring area, the number of flats and residents to the set up ofofficetel and condotel, resort villa or shophouse capabilities to determine the criteria and requirements regarding technical and social facilities.

    Next, when deciding investment policies for construction investment projects with all the above real-estate kinds, it is required to guarantee the correspondence between investment uses or land makes use of and functions of construction projects; remember that the development and formation of this sort of real estate needs to be appropriate towards the community actual condition above periods of time.

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