Buying a condotel project that is permanently owned?

Minister of Construction Pham Hong Ha proposes to amend and supplement the Land Law in the direction of removing difficulties for condotel, officetel …

This is the proposal of the Minister of Construction at the National Online Conference on removing difficulties and obstacles in the mechanism and policies related to construction investment held this morning. , April 20.

Specifically, the head of the Ministry of Construction has proposed to amend Land Law in the direction of allowing the commercial land, service and tourism land use stability, payment of land use fees such as residential land.

According to Mr. Ha, the use of land, purchase and sale of certificates of some types of real estate have encountered difficulties such as apartment – tourist condotel, apartment office tourism villas due to regulations on purchase and sale Certain types of new real estate.

Due to these difficulties, the Minister said that solutions to problems and obstacles to the Law on Investment, the Law on Real Estate Business, the Law on Housing, the Land Law, the Law on Construction should review and amend the Law Trading real estate related to the content of buying and selling, transferring new types of real estate such as condotel, officetel, shophouse, tourism villas.

Buying a condotel project that is permanently owned?

Mr. Le Hoang Chau, Chairman of HCMC Real Estate Association, also proposed to amend and supplement the Law on Real Estate Business, Land Law to adjust the type of new products: apartment condotel, officetel, aimed Ensuring no loss of state budget, the condotel market develops transparent, healthy, sustainable, and protects the legitimate interests of secondary investors.

Previously, in a seminar on condotel legal, President of Vietnam Real Estate Association Nguyen Tran Nam said that the majority of customers when buying property in particular want to enjoy the property in the long term. Buyers are used for the purpose of current mining business, as well as a property left for descendants. The fact that some localities have allowed the conversion of commercial land use purposes into “non-unit residential land” for condotel, Nam evaluates this as a solution to create a basis for real estate buyers. Resorts at these key destinations are proprietary.

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