HCM City (VNA) -The HCM City Real Estate Association (HoREA) has urged the Government to ensurecondotels and officetels are not used primarily as apartments, warning thatwould cause problems for urban planning and infrastructure and transport.
HoREA Chairman Le Hoang Chau said there are no design standards for projectsthat include both apartments and officetels-condotels.
There are no regulations on the number of occupants at these projects eithermeaning there would be unbearable pressure on infrastructure andtransportation, he said.
The association suggested to the city Department of Architect Plans that thesize of officetels should be 25-50sq.m while condotels should be of similarsize as a room in a hotel or resort.
In terms of population, HoREA said it must be capped at half of that of a purehousing project.
In projects combining apartments and officetels-condotels, the latter should bein a specific area and separated from the apartments, it said.
Apartment projects with condotels or officetels have seen strong growth in thecity in recent years.
They have been approved by the Ministry of Construction, but it is difficultfor authorities to manage them since there are no regulations related to theirplanning or design.
Tran Vinh Tuyen, Vice Chairman of the HCM City People’s Committee, was quotedby Tin Tuc (News) newspaper as saying that condotels and officetelsare new products but there are no projects with officetels only.-VNA
Experts said the legality of coastal condotels should be clarified since the product had recently emerged an investment trend in Vietnam’s realty market.
Ho Chi Minh City needs better cooperation among the State, developers, builders, material suppliers and banks to improve the local property market, the HCM City Real Estate Association has said.
The legality of condotels needs to be clarified to better manage this new type of property gaining popularity in Vietnam, a representative from the Ministry of Construction has said.
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Illustrative photo (Source: vietnamnet.vn) 
