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Several recommendations on construction and investment treatments for Projects with Condotel and Officetel Condominiums
The Ministry of Construction has granted the state Dispatch No. 4308/BXD-HDXD regarding the construction and investment control over projects with condotel (a crossbreed of condominium and hotel), officetel (a hybrid of place of work and accommodation) condominiums, 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 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:
First, when evaluating and granting zoning plans and construction programs, People’s Committees of centrally-affiliated cities and provinces must guarantee that these ideas are conforming to practical standards and regulations in force, and supply crystal clear explanations about the dimensions of the construction floor region, the amount of condominiums and people for the set up ofofficetel and condotel, holiday resort villa or shophouse capabilities to discover the standards and needs about technical and social infrastructure.
Secondly, when deciding investment insurance policies for construction investment projects with the earlier mentioned property types, it is required to ensure the correspondence in between investment functions or land makes use of and processes of construction projects; be aware that the development and formation of this particular real-estate must be ideal on the neighborhood true circumstance over amounts of time.
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