Strictly handle illegal capital raising in the real estate sector

Recently, the People’s Committee of Thanh Hoa province has held auctions and tenders for projects using land, selecting investors for successful housing development projects in a number of land plots in Thanh Hoa city, Sam city. Son and a number of localities in the province, which requires the auction winner of the land use right to build a complete work on the land.

However, through monitoring feedback from people and mass media, in some land plots, after winning the auction, there were illegal capital raising activities in the form of capital contribution contracts, loans, loans, etc. “deposit”, to hold a place, when the construction of works on the land has not been completed.

To rectify the above, the Chairman of Thanh Hoa Provincial People’s Committee assigned the police to strengthen the work of grasping the situation, strictly handling organizations and individuals that violate the law in raising capital (or transferring capital). land use rights and raw construction) through capital contribution contract, investment cooperation contract, business cooperation contract or contract of reservation deposit, receipt of “deposit” for reservation or minutes of “reservation”. piles” when the project has not been implemented, and the construction of works on the land has not been completed.

It is only allowed to transfer the land use right and raw house to the buyer after the construction is completed. When transferring the land use right and the raw house to the buyer, the project investor must sign a purchase and sale contract in accordance with the provisions of law and at the price listed by the investor; collect correctly and fully, in the form of bank account transfer (absolutely not collect money outside the signed contract by both parties), accounting, accounting and tax declaration in accordance with law.

Provide full purchase and sale documents upon completion, including contract, design documents, construction drawings, minutes of land handover with rough construction, contract liquidation, payment slips, tax invoices value added, the certificate of land use right and works on the land to the buyer as prescribed within 20 working days from the date the buyer fulfills the financial obligation to the seller.

Le Duong