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    4 tips about construction and investment handling of Projects with Condotel and Officetel Apartment rentals

    The Ministry of Construction has issued the Official Dispatch No. 4308/BXD-HDXD regarding the construction and investment management of projects with condotel (a hybrid of hotel and condominium), officetel (a hybrid of workplace 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 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:

    Very first, when evaluating and granting zoning construction and plans programs, People’s Committees of centrally-affiliated towns and provinces should make certain that these strategies are conforming to technological standards and regulations in power, and give crystal clear answers about the size of the construction ground location, the number of apartments and residents for the set up ofofficetel and condotel, resort villa or shophouse functions to look for the standards and demands regarding social and technical facilities.

    2nd, when deciding investment insurance policies for construction investment projects using the over real estate sorts, it is needed to make sure the correspondence between investment reasons or land utilizes and processes of construction projects; remember that the development and formation of this particular real estate property must be ideal to the local actual situation around periods of time.

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