Prices in Ho Chi Minh City's expected adjusted land price list increased dozens of times compared to the old price list, such as in Thu Duc City increased by 10-15 times; Nha Be, Binh Chanh, Can Gio, and Cu Chi districts increased 10-20 times. Hoc Mon district alone has many routes where land prices are expected to increase 15-30 times.
This creates great financial pressure for affected groups .
Presenting her opinion on the story of Ho Chi Minh City's new draft land price list, Ms. Thu Giang - Director of Savills Ho Chi Minh City Consulting Services - assessed that for a long time, Ho Chi Minh City's land price list has not kept up and often significantly lower than the actual market value.
This persistent price difference creates a "two-price" system, leading to many serious consequences. Because of these shortcomings, Ms. Giang believes that applying land price lists according to market principles is inevitable and necessary.
However, Ms. Thu Giang said that there is still a significant difference between the proposed land price and the actual transaction price. For example, at Cao Thang Street, District 3, the market transaction price is about 525 million VND/m2, while the proposed land price is only 330 million VND/m2. At Tan Thang street, Tan Phu district, the transaction price is about 150 million VND/m2, while the proposed price is 90 million VND/m2.
"In general, the proposed land price list only reaches about 60%, some other areas reach 70%, compared to the market price, showing that there is still a significant difference," Ms. Thu Giang commented.
Ho Chi Minh City's adjusted land price list has been postponed for further consideration. Ms. Giang acknowledged that delaying the time is reasonable. The construction and application of land price lists need to be carefully considered to balance the interests of all parties, especially priority should be given to ensuring people's rights.
In addition, Ms. Giang found that the methods applied to determine land prices are still not consistent and simple. In some high-value areas, the method of building land price lists seems to be to simply multiply a fixed coefficient for all routes.
For example, in District 1, a multiplier of 5.0 is applied uniformly to all locations and routes. As a result, Dong Khoi Street was proposed at 810 million VND/m2 (compared to the current 162 million VND/m2), and Hai Ba Trung Street (section from Bach Dang Wharf to Nguyen Thi Minh Khai) was 484 million VND/m2. m2 (compared to the current 96.8 million VND/m2). Similarly, District 4 has a multiplier of 11.3 and District 5 is 5.58.
"This approach is essentially no different from applying the old price list and multiplying it by the land price adjustment coefficient (K), so it does not really reflect the market value of each route as in the spirit of the Land Law. belt", this expert stated his opinion.
Ho Chi Minh City People's Committee has also sent a document asking for the Prime Minister's opinion on guidance on calculating land financial obligations for documents arising after August 1 until there is an adjusted land price list.
Ho Chi Minh City People's Committee said that currently, while the draft to adjust the city's land price list is receiving criticism, the city is facing difficulties and obstacles in resolving administrative procedures regarding financial obligations. during the transition period from August 1, 2024 to the time the adjusted land price list is issued.
According to the Ho Chi Minh City People's Committee, the problem is that if applying the unadjusted land price list without multiplying it with the land price adjustment coefficient in 2024, it is not consistent with the current actual land price conditions in the locality.
On the contrary, if we continue to apply the unadjusted land price list multiplied by the land price adjustment coefficient in 2024, there are no regulations guiding implementation.
In order to avoid congestion in the process of resolving related documents, the People's Committee of Ho Chi Minh City proposed that the Prime Minister assign the Ministry of Natural Resources and Environment and the Ministry of Finance to guide the resolution of the above problems so that the City has a basis for implementation.
