The Ministry of Finance has just submitted a report to the Prime Minister for the review of land management by equitizied enterprises with 60 projects in this list. Immediately, this information has caused a big affect to the market.
The market has been affected by a proposal for reference
60 projects in the list of references submitted by the Ministry of Finance to the Prime Minister are projects that have been authorized by the competent State to convert the land use purpose. Including many large projects in Hanoi and Ho Chi Minh City.
Accordingly, the Ministry of Finance said that many projects have not been determined the land price yet , it is incomplete and accurate with the market price and the assessment of the determination of land prices used as a basis for collection of land use fees and land rent in some localities. The province has not fully implemented the order and procedures as prescribed.
Therefore, the Ministry of Finance proposed that the Prime Minister request the Chairman of the People's Committee of provinces and cities temporarily suspend the construction of high-rise buildings are being implemented in the center of the city, that do not follow the authority of hand over land and it has done without auction.
The list 60 real estate projects being converted during the equitization process that the Ministry of Finance recommended for the Government Inspectorate to review the land use, there are many projects have been completed according to HoREA. There are some finished projects, some projects are under construction, some are in the process of investment preparation ... so we should have appropriate solutions to ensure not to lose budget collection, ensuring the legitimate interests of investors and especially to respect and protect the legitimate rights and interests of consumer.
Suspension of project: do not occur
On 11st May, 1977, HCM City Real Estate Association (HoREA) issued a document No. 47 / CV-HoREA that the Prime Minister still allowed the investors to continue the construction of the project. Provided that the project owner has to commit to fulfill the financial obligations incurred (if any) for the project after the conclusion of the inspection or examination by the competent party, Bring the project go into operation, avoid wasting time and social wealth, and ensure the interests of consumer in the project.
On the Ministry of Finance's proposal of the Prime Minister to suspend the construction of high-rise building projects in progress - HoREA led Document No. 4393 / VPCP-DMDN dated 28/04/2017 of the Office of the Government transmission Approved by Deputy Prime Minister Vuong Dinh Hue.
Accordingly, the Deputy Prime Minister requested the Ministry of Finance to transfer the list of houses, land and land use purposes to carry out investment projects for the Government Inspectorate to serve inspection work. Land administration under the Government Inspectorate's 2017 plan was approved by the Prime Minister.
However, even the document of the Ministry of Finance is for reference only, it's also enough to cause the market to unstable for several days. This makes real estate market into anxiety days, this is not worth for be shaked in the sensitive market as real estate.
Source: vietnamnet.vn