24h Real Estate: A locality abolishes illegal land price decision

Khương Duy |

Da Nang is preparing to welcome a wave of new apartment supply; Khanh Hoa has canceled a series of decisions approving illegal land prices... are notable news in the past 24 hours.

Da Nang prepares to welcome the wave of new apartment supply

The Department of Construction of Da Nang City has just announced 10 real estate projects eligible to sell future housing according to the provisions of the Housing Law 2023 and the Real Estate Business Law 2024.

Notably, many eligible projects are large-scale, located in prime locations in Da Nang City.

Phan khuc can ho chung cu o Da Nang duoc nguoi dan quan tam. Anh: Thu Giang
The apartment segment in Da Nang is of interest to the people. Photo: Thu Giang

For example, along the Han River, the two projects Capital Square 3 ( SIH Real Estate Company Limited) and Capital Square 2 ( Mega Assets Company Limited) are expected to provide 586 apartments in Mat5-6 building and 530 apartments in building A2.4, A2.6, respectively.

The apartment complex on the banks of the Han River of Dong Do Group Joint Stock Company has 941 apartments and the Da Nang Real Estate and Yard Project of Da Nang Yard Company Limited, including 34 villas.

In the northern area of Da Nang City, there is the Thuy Tu Urban Tourism Area project (Hai Van Ward) invested by the Finance and Enterprise Development Joint Stock Company with 695 apartments, including 689 villas and 6 townhouses. See more...

Construction of the VND2,620 billion industrial park in Bac Ninh is about to begin

The People's Committee of Bac Ninh province has just issued a decision approving the investment policy and approving the investor.

Accordingly, the investor is Kinh Bac Service Joint Stock Company. Head office address: Lot B7, Que Vo Industrial Park, Phuong Lieu Ward, Que Vo Town, Bac Ninh Province, Vietnam.

Project name: Investment in construction and business of infrastructure of Minh Duc - Shanghai - Ngoc Thien Industrial Park phase 1.

Mot khu cong nghiep tren dia ban tinh Bac Ninh. Anh: Van Truong
An industrial park in Bac Ninh province. Photo: Van Truong

Project objective: Invest in the construction and completion of the technical infrastructure system of the industrial park to create a land fund for sublease; business, trade services and other related auxiliary infrastructure items in the industrial park according to the provisions of law.

Land use scale of the project: 163.61 ha.

Project investment capital: VND 2,620 billion. Of which, the investor's contributed capital: VND 393 billion, accounting for 15% of the total investment capital. Other borrowed and mobilized capital is VND 2,227 billion, accounting for 85% of total investment capital.

Project operation period: 50 years from the date the competent authority decides to approve the investment policy and approve the investor. See more...

If the sale or purchase documents are lost, will the land user be granted a red book?

According to Decree 151/2025/ND-CP (effective from July 1, 2025), land users who lose a handwritten sales certificate can still be granted a red book if they meet the conditions.

Khanh Hoa abolishes a series of decisions approving land prices in violation of regulations

On October 12, the People's Committee of Khanh Hoa province issued decisions to cancel the decision issued in 2023 on approving specific land prices for calculating land use fees and land rents for 3 projects.

Accordingly, the Provincial People's Committee abolished Decision No. 1139/QD-UBND dated May 22, 2023 on approving specific land prices for calculating land use fees and land rents for the Hoang Phu High-end Housing Project, in Vinh Hoa Ward, Nha Trang City, now Bac Nha Trang Ward.

Du an Khu nha o cao cap Hoang Phu, tai phuong Vinh Hoa, TP Nha Trang, nay la phuong Bac Nha Trang, phai tinh lai gia dat theo quy dinh moi. Anh: Khai An
The Hoang Phu High-end Housing Project, in Vinh Hoa Ward, Nha Trang City, now Bac Nha Trang Ward, must recalculate land prices according to new regulations. Photo: Khai An

Repeat Decision No. 2332/QD-UBND dated September 28, 2023 of Khanh Hoa Provincial People's Committee on approving specific land prices for land rent collection for the project of Commercial Service Complex, hotels, tourist apartments and offices for rent Luna, at No. 18 Tran Hung Dao Street, Nha Trang City, now Nha Trang Ward.

The Provincial People's Committee also abolished Decision No. 1135/QD-UBND dated May 22, 2023 on approving specific land prices for calculating land rent and paying one-time rent for The Hotel Horizon project on Duong Hien Quyen Street, Vinh Hoa Ward, Nha Trang City, now Bac Nha Trang Ward.

The reason for canceling the above decisions is that the project land price must be re-determined in accordance with the provisions of Resolution No. 170/2024/QH15 dated November 30, 2024 of the National Assembly and Decree No. 76/2025/ND-CP dated April 1, 2025 of the Government. See more...

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