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Four tips on investment and construction treatments for Projects with Officetel and Condotel Apartments
The Ministry of Construction has granted the state Dispatch No. 4308/BXD-HDXD regarding the investment and construction control over projects with condotel (a hybrid of condominium and hotel), officetel (a crossbreed of business office and accommodation) condominiums, holiday 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 agencies and units 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 looking for and authorizing zoning construction and plans strategies, People’s Committees of centrally-affiliated cities and provinces need to make sure that these strategies are conforming to practical regulations and standards in power, and give clear answers about the size of the construction flooring place, the quantity of apartment rentals and people for the layout ofcondotel and officetel, holiday resort villa or shophouse capabilities to ascertain the conditions and needs regarding social and technical infrastructure.
Secondly, when deciding investment plans for construction investment projects using the above property types, it must ensure the correspondence involving investment reasons or land uses and operations of construction projects; note that the development and formation of this kind of property has to be ideal on the local genuine circumstance above amounts of time.
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