Make reference to to reference the construction and investment management of projects.

Author : Hancock Niebuhr | Published On : 02 Apr 2021

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4 tips on investment and construction control over Projects with Condotel and Officetel Apartments

The Ministry of Construction has granted the state Dispatch No. 4308/BXD-HDXD concerning the investment and construction treatments for projects with condotel (a crossbreed of hotel and condominium), officetel (a crossbreed of business office and hotel) flats, holiday resort holiday 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:

Initially, when evaluating and authorizing zoning plans and construction programs, People’s Committees of centrally-affiliated cities and provinces need to make certain that these plans are conforming to specialized standards and regulations in power, and give obvious reasons about how big the construction ground area, the amount of apartments and people to the arrangement ofcondotel and officetel, resort villa or shophouse capabilities to look for the conditions and needs regarding social and technical system.

Second, when figuring out investment policies for construction investment projects with the above real estate types, it is required to ensure the correspondence between investment functions or land makes use of and functions of construction projects; note that the development and formation of this particular real-estate has to be ideal on the neighborhood true scenario more than periods of time.

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