Ho Chi Minh City Department of Natural Resources and Environment affirms that the land price list that the Department of Construction has prepared is an adjusted land price list based on Article 257 of the Land Law 2024, not a first-time construction land price list (to be applied from January 1. 2026). At the same time, it is necessary to adjust the land price list to address the inadequacies of the current price list to suit the actual situation.
The adjusted land price list, according to the leaders of the Department of Natural Resources and Environment, will have 9 positive impacts, including people whose land is recovered will receive adequate compensation, support, resettlement, and higher compensation; State budget revenue increases, land rent differences are handled harmoniously and fairly between land users, investors and the State; Key projects and works invested with budget capital will be on schedule, without congestion; overcome the situation of declaring transfer prices lower than actual prices; Reduce administrative land violations due to increased fines...
In addition, the adjusted land price list has two undesirable impacts, including that households and individuals who are allowed by the State to change land use purposes will pay higher financial obligations than before. However, this ensures fairness for those who do not have any square meters of residential land, and must buy residential land at market price, which may be higher than the land price list.
Another impact is that the price of the commonly adjusted land price list increases by 3 - 7 times compared to the current land price list multiplied by the adjustment coefficient, but is still generally lower than the market price.
However, Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association, is of the opinion that the people who will suffer the most when applying the new land price list will be the people whose houses and land are located in "regulated" areas. suspended plans" such as plans for "newly built residential areas", "renovated residential areas"; or "hanging projects" like Binh Quoi - Thanh Da Project,...
For many years, these people have not been granted new construction permits, have not been allowed to separate plots, and have not been allowed to change land use purposes, so they have not been paid land use fees at the previous very low land prices. If in the near future, when the city finishes removing the "hanging plans and suspended projects", these people will continue to be disadvantaged and lose a second time because they will have to pay land use fees at very high land prices. according to the regulations in "Draft Land Price List".
Mr. Le Hoang Chau said that, from now until mid-2025, the City People's Committee also needs to drastically direct the authorities to focus on removing "hanging plans and suspended projects" so that people People in these areas have enough time to exercise their rights as land users, so that they can promptly pay land use fees in 2025 according to the current Land Price List to avoid disadvantages and losses.
