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Four recommendations on investment and construction management of Projects with Officetel and Condotel Apartment rentals
The Ministry of Construction has given the Official Dispatch No. 4308/BXD-HDXD about the construction and investment management of projects with condotel (a crossbreed of hotel and condominium), officetel (a crossbreed of business office and resort) apartments, resort holiday 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 looking for and authorising zoning plans and construction programs, People’s Committees of centrally-affiliated places and provinces should ensure that these ideas are conforming to specialized regulations and standards in power, and provide clear information about the dimensions of the construction ground place, the number of condominiums and people to the set up ofcondotel and officetel, vacation resort villa or shophouse functions to determine the requirements and requirements about social and technical system.
2nd, when choosing investment plans for construction investment projects with all the earlier mentioned real-estate kinds, it is required to ensure the correspondence between investment reasons or land employs and operations of construction projects; keep in mind that the development and formation of this sort of real-estate should be perfect towards the nearby real situation around amounts of time.
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