Legal framework for condotels must be completed within this year: PM
Besides, the MoC is also asked to issue regulations on management and operation of office buildings in combination with short-term stays (officetels). Deadline for the ministry to complete the above task the end of 2019.
In addition, also within this year, People's Committees of provinces and centrally-run cities are responsible for strictly controlling the process of construction investment, business, operation management and exploitation of various types of property projects including condotels, resort villas, officetels (office with short-term accommodation).
In April, PM Phuc issued Directive No. 11 / CT-TTg on a number of solutions to promote a stable and healthy development for the domestic real estate market.
In this Directive, the PM requested MoC to amend and supplement construction regulations and standards for condominiums, condotels, resort villas, officetels and rooms for rent. The tasks must be completed within the third quarter of this year.
In addition, the PM also assigned the Ministry of Natural Resources and Environment to issue specific guidelines on the land use regime for new types of real estate (condotel, resort, officetel ...) in accordance with the current laws.
MoC said within this year, it will issue a set of standards related to condotels. Also, the Ministry of Natural Resources and Environment will provide guidance on land use regimes with condotel projects related to land use time associated with land and apartment ownership.
Besides, the Ministry of Culture, Sports and Tourism will also complete the regulations on management and operation of tourist apartments in 2019.
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