Ministry of Natural Resources and Environment requests review and issuance of red books for condotels

The Ministry of Natural Resources and Environment (MONRE) has just sent an official dispatch to the People's Committees of provinces and centrally-run cities on solutions to remove, support and promote the real estate market.

The document of the Ministry of Natural Resources and Environment clearly stated that, according to the reflection of some localities and on the mass media, there are still many cases of tourist apartments (condotels), tourist villas, office apartments combined with accommodation, commercial services (officetels) ... that have not been granted certificates of land use rights, house ownership rights and other assets attached to land (red books).

This affects the legitimate rights and interests of the parties involved, affecting the development of the real estate market.

Therefore, the Ministry of Natural Resources and Environment requests the People's Committees of provinces and centrally-run cities to strengthen the direction of relevant agencies to review, synthesize, and fully count the number of construction works belonging to real estate projects such as condotels, tourist villas, office apartments combined with accommodation, commercial services... that have not been granted certificates.

At the same time, direct the organization to issue certificates for the above types of apartments in accordance with regulations. Synthesize and classify projects that have not been fully implemented, or have not been properly implemented according to the provisions of the law on investment, construction, real estate business and land law.

In particular, clarify the responsibilities and settlement authority of each local agency to direct the implementation in accordance with legal regulations. In cases where it is unclear or beyond authority, report to relevant ministries and branches for consideration and settlement.

In addition, localities synthesize and classify projects with problems in implementation according to the provisions of the law on investment, construction, real estate business and land law. The reasons for the problems, responsibilities and authority to resolve of each ministry and branch are clearly stated and solutions are proposed to remove the above difficulties and problems.

Previously, in April 2023, Decree No. 10/2023/ND-CP issued by the Government was considered good news for the resort real estate market.

Accordingly, hotel apartments, resort apartments (condotel), officetel, resort villas and other works serving accommodation and tourism on commercial and service land, if qualified, will be granted certificates of land use rights, house ownership rights and other assets attached to the land (red books).

In May 2023, the Ministry of Natural Resources and Environment also sent an official dispatch to the People's Committees of provinces and cities requesting them to review and issue documents under their authority to organize the implementation of Decree No. 10/2023.

In particular, the ministry requires localities to promote the issuance of red books for condotels, tourist villas, officetels, commercial services... However, the resort real estate market is still not very prosperous.