The Ministry of Construction has asked provincial and municipal people’s committees to tighten management on condotels, officetels, resort villas and shophouses while there remains a lack of regulations to ensure the development of these new property products.
The Hà Nội People''s Committee recently issued a written request to strengthen the management of the investment, construction and business of condotels, tourist villas and officetels.
The HCM City Real Estate Association (HoREA) has urged the Government to ensure condotels and officetels are not used primarily as apartments, warning that would cause problems for urban planning and infrastructure and transport.