A whole bunch of housing initiatives in Ho Chi Minh Metropolis are “clogged”, inflicting nice injury to the actual property market

Lately, the Ho Chi Minh Metropolis Actual Property Affiliation (HoREA) has despatched a doc to the Ministry of Building to report and make suggestions on the shortcomings of the Housing Regulation.

Based on HoREA, within the interval from 2015 to 2020, some provisions of the Regulation on Housing and Decree 99/2015/ND-CP solely enable appointing the investor of a business housing venture for a single case. particularly traders who’ve the correct to make use of residential land (with 100% residential land). For the remaining, all instances the place the investor receives the switch of land use rights in accordance with the provisions of the Land Regulation the place agricultural land is interspersed with residential land; non-agricultural land interspersed with residential land; 100% agricultural land; 100% of non-agricultural land just isn’t residential land and isn’t acknowledged as an investor in business housing initiatives.

In Ho Chi Minh Metropolis, statistics within the final three years present that as much as 126 business housing initiatives are usually not acknowledged as traders as a result of they don’t have the correct to make use of 100% of residential land. In reality, the variety of comparable initiatives could also be a lot bigger, as a result of from September 2018 to the tip of 2020, traders who would not have 100% of residential land use rights haven’t submitted purposes anymore, as a result of have additionally been denied.

Based on Mr. Le Hoang Chau, Chairman of HoREA, these issues trigger companies to endure nice injury, the market decreases in provide; home costs are pushed up; creating an unfair benefit for some builders with current initiatives, middle- and low-income folks discover it more and more tough to purchase homes.

Phuong Nga

By Enterprise and Advertising

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