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According to the provisions of the Housing Law 2023, effective from August 1, mini apartments will be granted a certificate (pink book) if they meet the conditions.
Article 57 of the 2023 Housing Law regulates the development of multi-storey houses with many individual apartments (also known as mini apartments) for sale, lease-purchase, or rent.
Accordingly, individuals who want to build mini apartments (houses with 2 or more floors, each floor has apartments, or 2 or more floors and a scale of 20 apartments or more) for sale or rent must meet the conditions to be an investor in a housing construction project.
Apartments that are eligible for a certificate under the land law (pink book) can be sold, leased, or leased under the provisions of this law and the law on real estate business.
In addition, investing in mini apartments for rent must meet construction requirements issued by the Minister of Construction. The building must meet fire prevention and fighting (PCCC) requirements according to the provisions of law.
In addition, it is necessary to meet the conditions prescribed by the Provincial People's Committee on traffic routes for fire fighting vehicles to perform fire fighting tasks at places with mini apartments.
From a legal perspective, regulations on the development of mini apartments and the granting of certificates for this type of building have been revised to be more stringent than before.
Mr. Pham Duc Toan, General Director of EZ Real Estate Investment and Development JSC (EZ Property), assessed that the regulation that mini apartments are granted pink books in the Housing Law 2023 will have a positive impact on the psychology of many people who are using apartments with the desire that their assets are recognized by law.
According to Mr. Toan, the regulation that individuals who want to build mini apartments must meet the conditions of being the investor of a housing construction project has tightened management of this type of investment like the construction of commercial apartments. Along with that, the requirements on fire prevention and fighting... will solve previous shortcomings.
However, according to Mr. Toan, there needs to be strict management by management agencies. Because, if not well managed, it can create the first wave of mini apartments, causing distortions for this type of real estate.
According to preliminary statistics, the country currently has about 10,000 mini apartments, mainly concentrated in Hanoi and Ho Chi Minh City.
TH (according to Vietnamnet)