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

    The Ministry of Construction has granted the Official Dispatch No. 4308/BXD-HDXD concerning the construction and investment handling of projects with condotel (a crossbreed of hotel and condominium), officetel (a crossbreed of workplace and resort) apartments, 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 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 looking for and authorizing zoning plans and construction plans, People’s Committees of centrally-affiliated places and provinces need to ensure that these plans are conforming to technological regulations and standards in force, and provide crystal clear answers about the dimensions of the construction floor place, the amount of apartments and residents for the arrangement ofofficetel and condotel, resort villa or shophouse capabilities to determine the criteria and demands with regards to social and technical system.

    2nd, when figuring out investment guidelines for construction investment projects together with the over property types, it must make sure the correspondence in between investment purposes or land employs and functions of construction projects; note that the formation and development of this kind of real estate needs to be appropriate for the neighborhood actual situation around periods of time.

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