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    Four recommendations on investment and construction control over Projects with Officetel and Condotel Apartments

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

    Very first, when evaluating and authorizing zoning plans and construction ideas, People’s Committees of centrally-affiliated towns and provinces should make certain that these ideas are conforming to technological regulations and standards in force, and provide clear explanations about the size of the construction floor region, the volume of condominiums and people for that arrangement ofofficetel and condotel, holiday resort villa or shophouse features to discover the standards and specifications regarding social and technical structure.

    Secondly, when determining investment policies for construction investment projects with all the previously mentioned property types, it is required to ensure that the correspondence between investment uses or land utilizes and operations of construction projects; be aware that the development and formation of this particular real-estate has to be suitable on the community true scenario above amounts of time.

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