On August 1, 2024, a new regulation regarding revenue from shared ownership areas in condominiums came into effect, sparking a series of debates among various stakeholders. This regulation, introduced by the 2023 Housing Law, aims to streamline and ensure transparency in managing condominium maintenance funds. The implementation, however, has led to differing interpretations and approaches from property managers, developers, and residents alike.

Vilasia, in collaboration with The Saigon Times, presents an insightful article by Nhung Nguyen analyzing the controversies surrounding the new regulation on condominium maintenance fund revenue. Below is the full article, originally published in Vietnamese in The Saigon Times on October 10, 2024. The digital version is available here.

Condominium maintenance fund Debates surrounding the new regulations on revenue sources