Forms of renovation and reconstruction of apartment buildings

Lao Dong Newspaper Legal Consulting Office replied:

Article 62 of the 2023 Housing Law (effective from August 2024) stipulates the forms of renovation and reconstruction of apartment buildings as follows:

1. Real estate business enterprises invest capital or contribute capital with apartment building owners in the cases specified in Clause 2, Article 59 of this Law to demolish and rebuild apartment buildings, except for the cases specified in Clauses 2 and 3 of this Article.

2. The Provincial People's Council decides to use capital from the local budget in accordance with the provisions of the law on public investment to implement investment projects to renovate and rebuild apartment buildings in the area not specified in Clause 3 of this Article in the following cases:

a) The entire apartment building is public property;

b) Apartment buildings subject to demolition as prescribed in Point b, Clause 2, Article 59 of this Law, except in cases where the entire apartment building belongs to one owner and is not public property.

3. For public housing properties of which the central agency is the representative owner, the renovation and reconstruction of apartment buildings shall be carried out in accordance with the provisions of the law on public investment.

Thus, the renovation and reconstruction of apartment buildings must follow the above forms.