Balanced prices for locations bordering localities
On the afternoon of October 22, the Ho Chi Minh City People's Committee held a press conference to announce Decision No. 79/2024/QD-UBND on amending and supplementing Decision 02/2020 on land price list in Ho Chi Minh City.This decision will take effect from October 31, 2024 to December 31, 2025.
Mr. Nguyen Toan Thang, Director of the Department of Natural Resources and Environment of Ho Chi Minh City, said that the Department of Natural Resources and Environment has collected land price information from the price database and market transfer land prices, based on the actual socio-economic situation of the city to propose a land price list for residential land suitable for each district and Thu Duc City.
At the same time, we have reviewed and balanced prices for locations bordering districts, Thu Duc City and road sections and routes in the same area within the legal regulations allowing fluctuation amplitude, and have conditions for adjustment. The increase or decrease on the routes is based on the socio-economic situation, the city's land price at the present time and some other factors, so it is ensured that it is in accordance with the law. During the construction process, there have also been adjustments in land locations, especially agricultural land.
Regarding people's concerns about the sharp increase in land use fees, causing financial difficulties, Mr. Thang also said that the Government is drafting a decree related to the exemption and reduction of land use fees for people.
Land tax is implemented according to regulations at the time of application submission.
Regarding the issue of handling real estate records after the land price list is available, Mr. Nguyen Toan Thang said that, based on Decision 79, in cases where competent state agencies have received records of land users before the effective date of this decision, land prices for calculating financial obligations and land taxes will continue to be implemented according to regulations at the time of filing.
The Department of Natural Resources and Environment assessed that if the land price list according to Decision 02/2020 is about 30% of the market price in Ho Chi Minh City, the newly adjusted land price list will be about 50% of the market price. Notably, the price of commercial and service land has been adjusted down sharply.
Similarly, land prices for production and business (including land for industrial parks, industrial clusters, minerals; land for non-agricultural production facilities); national defense and security land; public land; land for building agency headquarters, public works; other non-agricultural land... are also adjusted down.
Regarding the agricultural land price framework, the Ho Chi Minh City Land Price Appraisal Council believes that the Department of Natural Resources and Environment has developed a land price list for agricultural land based on the agricultural land price stipulated in Decision 02/2020 multiplied by the land price adjustment coefficient (coefficient K) according to Decision 56/2023 to ensure stability for agricultural production activities. This also does not affect the case of land recovery by the State because at that time, the person whose land is recovered will have the specific land price determined according to the market price to calculate compensation.
Mr. Bui Xuan Cuong, Vice Chairman of the Ho Chi Minh City People's Committee, said that the development of the land price list is a necessary task in accordance with the provisions of the 2024 Land Law. This is a very important, sensitive and complicated content when the scope of adjustment is large, with many impacts on many subjects. The city has been very careful, thorough, listening and absorbing opinions in the process of developing the land price list in the spirit of being suitable to the economic conditions of the city. At the same time, we still try to ensure the rights of the people to create consensus among the people. When implementing, there will certainly be many problems arising, the management agency will always listen to opinions and have solutions to ensure the rights of the people.
