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4 tips about construction and investment treatments for Projects with Officetel and Condotel Flats
The Ministry of Construction has released the Official Dispatch No. 4308/BXD-HDXD concerning the construction and investment control over projects with condotel (a hybrid of condominium and hotel), officetel (a crossbreed of workplace and hotel) condominiums, holiday resort cottages 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:
Initially, when evaluating and authorizing zoning plans and construction ideas, People’s Committees of centrally-affiliated cities and provinces have to guarantee that these plans are conforming to technological standards and regulations in power, and offer very clear explanations about the dimensions of the construction floor location, the volume of condominiums and residents for that arrangement ofofficetel and condotel, vacation resort villa or shophouse capabilities to ascertain the criteria and demands with regards to social and technical system.
2nd, when determining investment policies for construction investment projects with all the previously mentioned property types, it is required to make sure the correspondence among investment reasons or land employs and operations of construction projects; remember that the development and formation of this sort of real estate must be suitable on the local true condition over amounts of time.
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