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    A number of tips on investment and construction handling of Projects with Officetel and Condotel Condominiums

    The Ministry of Construction has granted the Official Dispatch No. 4308/BXD-HDXD about the investment and construction treatments for projects with condotel (a crossbreed of hotel and condominium), officetel (a crossbreed of office and accommodation) apartment rentals, vacation 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:

    First, when evaluating and authorising zoning construction and plans ideas, People’s Committees of centrally-affiliated metropolitan areas and provinces have to make sure that these plans are conforming to specialized regulations and standards in force, and give crystal clear explanations about the actual size of the construction flooring place, the number of condominiums and residents for that arrangement ofofficetel and condotel, holiday resort villa or shophouse features to ascertain the requirements and needs with regards to technical and social structure.

    Second, when figuring out investment policies for construction investment projects together with the above real estate types, it is required to make sure the correspondence involving investment uses or land utilizes and operations of construction projects; note that the formation and development of this kind of property must be perfect for the community actual scenario above intervals.

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