Old apartment buildings in Hanoi increase in price, many places nearly 5 billion VND/unit
According to Lao Dong, many old collective housing areas in Hanoi are being advertised for sale at high prices, some places even up to more than 4 billion VND/unit.
For example, at H4 Nguyen Cong Tru collective housing area, a second-floor apartment with a red book area of 30m2 is being offered for sale at 4.25 billion VND, equivalent to more than 141.6 million VND/m2.
At Thanh Cong apartment complex, a 2-storey apartment with an area of 90m2 (3 bedrooms, 2 bathrooms) is also being offered for sale at more than 4.7 billion VND, equivalent to 52.2 million VND/m2. It is known that this apartment complex has seriously degraded and is in the process of approving the planning to convert it into a new apartment building with 40 floors.
A survey by Batdongsan.com.vn shows that the price of collective houses in Kim Lien ward ranges from 60-75 million VND/m2 for small apartments. Houses with a large area of 120m2 or more have a lower unit price, about 50-60 million VND/m2. This price has increased by about 25% compared to the same period last year.
In Giang Vo ward, Thanh Cong apartment prices range from 55 70 million VND/m2, with first-floor apartments for sale alone being sold for 80-95 million VND/m2, an increase of 20% compared to the beginning of the year. Giang Vo, Duong Sat, Ngoc Khanh collectives also have common prices of 60-70 million VND/m2.
The price of collective houses in Vo Thi Sau, Cam Hoi, Thanh Nhan ranges from 58 70 million VND/m2; Tho Lao and Bui Ngoc Duong collectives are from 50-56 million VND/m2; Bach Khoa collective is lower, 45-50 million VND/m2. See more...
Inspectorate proposes to apply special mechanisms to remove obstacles for a series of illegal projects in Khanh Hoa
Khanh Hoa Provincial Inspectorate has issued thematic inspection conclusions for projects facing difficulties, obstacles, delays, and low efficiency.
Through inspection, a series of large projects in the area were pointed out to have many violations related to investment, land management and auction of land use rights.
According to the Inspectorate, these violations are largely due to the fault of the State management agency, or the fault of both the management and the investor.
To remove difficulties, the Khanh Hoa Provincial Inspectorate recommends that for the group of projects that do not bid or auction land use rights: Steering Committee 751, the Prime Minister reports to competent authorities to consider allowing the application of a special mechanism similar to Resolution 170/2024/QH15.
Thereby, projects can continue to use land, and at the same time, re-determin the land price to collect and pay the budget, ensuring no loss of public assets. See more...
Warning of risks when buying and selling agricultural land exceeding the limit
Buying and selling agricultural land exceeding the limit not only makes the contract invalid, loses the red book but can also lose everything because the State revokes it.
Article 177 of the 2024 Land Law stipulates that individuals are allowed to receive the transfer of agricultural land use rights but not exceeding 15 times the land allocation limit prescribed in Article 176 of this Law. This limit depends on each type of land and area.
For example, in the plains, the limit for annual land allocation is 3 hectares, so each individual can only receive a maximum transfer of 45 hectares.
The determination of the limit should be based on land conditions, production technology, labor shift and economic structure, urbanization process. The People's Committee (UBND) at the provincial level shall specify the limit for receiving the transfer of agricultural land use rights of individuals, in accordance with local realities. See more...
