Several shifts in Vietnamese social policy actively prohibit warehouses and factories in residential areas, leading to mandatory dismantling or adaptation of such buildings. Renovating an office building or apartment complex often incurs costs well beyond what project investors can afford. The extensive duration of these projects further complicates investors' ability to recover any financial losses. Our team's consultations successfully convinced the investor to consider renovation, focusing on damage repair and renewal to ultimately transform the existing structure into a new project.
With several changes in Vietnamese social policy, warehouses and factories are no longer permitted in residential neighborhoods, prompting authorities to require the dismantling or transformation of these structures.
Completely renovating an office building or apartment complex demands significant financial resources that often exceed the capabilities of project investors.
The lengthy project duration complicates the recovery of funds for investors, necessitating alternative strategies for renovation.
We successfully persuaded the investor to pursue the renovation of the old structure by implementing damage repairs and renewal options, ultimately transforming it into a new project.
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