Dozens of real estate projects are stuck due to procedures
Recently, the Ho Chi Minh City Real Estate Association (HoREA) summarized the recommendations of 57 real estate businesses on removing obstacles related to construction investment procedures of 64 real estate, commercial and communal housing projects. festival.
For example, Nam Ly social housing apartment project at 91A Do Xuan Hop (Phuoc Binh Ward, Thu Duc City) of Thao Dien Real Estate Joint Stock Company. This project has not been implemented for more than ten years because of the lack of procedures for land allocation to the investor.
Or, the Dragon City project in Phuoc Kien commune (Nha Be district) of Phu Long Real Estate Joint Stock Company for more than 16 years could not be implemented because there was still a house on the land and some households refused to relocate. The Phu Dinh Riverside commercial housing project of Saigon Nam Do Real Estate Company Limited has not yet passed the feasibility study report appraisal procedure, causing the project investment procedure to be jammed.
In addition, many projects cannot carry out the procedures for granting “pink books” to homebuyers, for example, Saigon Real Estate Corporation also encountered a similar situation in the An Phu social housing project. Dong, District 12.
According to Mr. Le Hoang Chau, Chairman of HoREA, currently in Ho Chi Minh City, there are many businesses that negotiate land prices by themselves, clearance to have a clean land fund and invest capital to build social housing, especially is a social housing for rent, but due to procedural problems, it cannot be deployed.
Accordingly, HoREA asked the People’s Committee of Ho Chi Minh City to direct departments, branches and People’s Committees of districts and Thu Duc City to urgently consider and remove obstacles for social housing and commercial housing projects. are not subject to legal review.
By Business and Marketing
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