Land prices in the East of Ho Chi Minh City continue to increase
In the past 2 months alone, land in the East of Ho Chi Minh City has continued to have a slight increase in selling prices.
The expansion of urban development space in Ho Chi Minh City, including administrative mergers and strengthening infrastructure connections with Binh Duong and Ba Ria - Vung Tau has created a positive spillover effect to the market in general and land in the Eastern region in particular.
The East with the focus of Thu Duc City (old) possessing a "strateistic intersection" position is expected to become an inter-regional connectivity center, playing a key role in the chain of interconnected urban - industrial - service. After the merger, this position became more obvious and an important driving force for the growth of the land segment.
According to data from Batdongsan.com.vn, land prices in many areas in the Eastern region have continued to increase in the past two months. Land in Truong Thanh ward (old), now Long Phuoc ward, located on Nguyen Duy Trinh axis has increased from about 59 - 62 million VND/m2 to 61 - 64 million VND/m2. Also in this area, land on Lo Lu street, the selling price increased from 47 - 56 million VND/m2 to 48.5 - 58 million VND/m2. See more...
Removing difficulties in granting pink books to projects facing resettlement obligations
HCMC - Customers who bought houses that were formerly part of the 10% resettlement fund in commercial housing projects are being disadvantaged in terms of rights because they are not granted pink books.
According to the report of the Ho Chi Minh City Department of Construction, the city is currently facing a series of commercial housing projects that have been approved in principle since 2003 - 2005, but have not been able to issue books to home buyers due to legal problems related to resettlement obligations.
According to Decree 99/2015, to convert project goals from resettlement to commercial housing, the Ministry of Construction must be consulted. By June 2023, the Government abolished this procedure and assigned the handling authority to the provincial People's Committee.
However, the Housing Law 2024 and Decree 95/2024 stipulate that the purchase of commercial housing as a resettlement fund is no longer a binding administrative responsibility from the beginning of the project, but is implemented according to the contract mechanism between the State and the investor. At the same time, the new regulation does not mention transitional provisions, so the authority to resolve previously arising obligations still belongs to the City People's Committee. See more...
People with a house can still buy social housing if they work from a distance of 30km
The People's Committee of Son La province has just issued a decision on cases of enjoying social housing support policies in the province.
According to the decision, people with houses under their ownership but 30km or more away from the workplace (based on the shortest road) will enjoy social housing support policies.
In case of two or more houses, the distance will be calculated from the house closest to the workplace but must still ensure a minimum of 30km.
This policy applies to the subjects specified in Article 76 of the 2023 Housing Law, including low-income people, workers, civil servants, armed forces, etc.
In addition, agencies, organizations and enterprises related to the development and management of social housing in the province are also identified as subjects of indirect application. See more...
To resolve the problem, Quang Ngai is determined to bring the VND204,400 billion expressway to the finish line on time
Quang Ngai - Quang Ngai - Hoai Nhon Expressway is at the completion stage, the Provincial Chairman has directed to resolutely remove obstacles, committing to opening the route on August 30, 2025.
On August 6, Mr. Nguyen Hoang Giang - Chairman of the People's Committee of Quang Ngai province - chaired a working session with units and localities to direct the removal of some obstacles related to the Quang Ngai - Hoai Nhon component project of the North - South Expressway Construction Project in the East, phase 2021 - 2025.
Speaking at the meeting, Mr. Nguyen Hoang Giang acknowledged and highly appreciated the sense of responsibility, the active coordination between departments, branches, localities and contractors in the past time.
At the same time, he emphasized that the remaining workload is currently very small, but he requested that the forces, commune authorities, investors, and contractors continue to promote a high spirit of solidarity and unity, join in speeding up the construction progress, and commit to opening the route no later than August 30. See more...
