Many people collect land and illegally divide plots

Responding to the press at the Government’s regular press conference in March 2022 about the phenomenon of land prices in many localities rising, is there a real estate “bubble”? What is the solution to this situation?

Responding to this issue, Deputy Minister of Natural Resources and Environment Le Cong Thanh said that in the past two years, COVID-19 has disrupted the domestic supply chain and the investment and production process. Therefore, this is also one of the reasons why investors direct their cash flow to land and rare metals like gold.

There may also be another reason that 2020, 2021 is also the first stage in which ministries, branches and localities implement plans. Some investors have taken advantage of this opportunity to buy and collect land, divide plots and sell it to make illegal profits.

The phenomenon of local increase in land prices in some localities has affected and lost the advantage of attracting investment capital locally, disrupting local land use master plans and plans, and affecting the environment. macroeconomic. In addition, there are some places where auction activities are not strictly implemented, there is a phenomenon of information disclosure and collusion between auction participants and the auction organization of land use rights,” Thanh said.

Deputy Minister of Natural Resources and Environment Le Cong Thanh

Deputy Minister Le Cong Thanh said that this issue is related to the responsibilities of ministries and sectors and the Ministry of Natural Resources and Environment has sent an official dispatch to provinces and cities to recommend localities to closely manage real estate projects. especially future projects. Especially manage projects that are eligible under the provisions of the Law on Land, investment and real estate business.

In addition, localities need to publish and publicize information, not to be disturbed, to avoid being taken advantage of by speculation and price blowing. Besides, it is necessary to take management measures after the plan is approved and the master plan is approved.

The next point recommended by the Ministry of Natural Resources and Environment is to strictly implement regulations on registration of land use rights and transfer of land use purposes. This will help collect taxes and strictly control the separation of land parcels, strictly handle the behavior of not putting the land to use, using the land slowly…

Localities also need to proactively regulate land funds to the market through creating a clean land fund and need to amend the law on land asset auctions, focusing on strict regulations to avoid taking advantage of loopholes of the local government. the law to speculate and increase land prices,” said Mr. Thanh.

At the same time, the Deputy Minister said that the Ministry of Natural Resources and Environment has also organized business delegations and coordinated with relevant ministries to better organize and better manage auction activities.

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