24h Real Estate: Ho Chi Minh City regulates the minimum area for rental rooms

Khương Duy |

Ho Chi Minh City regulates the minimum area for rental rooms; Retail space faces great competition; Binh Duong invests in a 523-hectare industrial park... are the outstanding news in the past 24 hours.

Ho Chi Minh City stipulates that rental rooms must ensure a minimum of 4 m2 per person

The Ho Chi Minh City People's Committee has just approved a project to manage and support individual houses for rent in the city.

The project stipulates 3 minimum criteria for fire prevention and fighting safety (PCCC) for this type of housing.

The notable criterion is that each room must ensure a minimum floor area of 4 m2 for each person.

TPHCM quy dinh phong tro phai dam bao toi thieu 4 m² moi nguoi. Anh minh hoa: Minh Tam
Ho Chi Minh City stipulates that rental rooms must ensure a minimum of 4 m2 per person. Illustrative photo: Minh Tam

According to the project, the minimum criteria for floor area used to control and limit the number of people in each housing project, ensuring safety for people living in this area.

However, the Ho Chi Minh City People's Committee emphasized that the new regulation does not aim to apply extreme measures such as dismantling or closing rented rooms, to avoid affecting and disrupting people's lives. See more...

Traditional retail space is fiercely competited

The traditional retail space market is still struggling to recover even though rental prices have decreased compared to the previous period.

Surveying around the central area of District 1, District 3 (HCMC), places that used to want to think about renting premises for business with only big brands are now flooded with signs advertising "renting premises".

Nhieu mat bang cho thue co vi tri trung tam nhung khong de tim khach thue. Anh: Nhu Quynh
Many rental premises have central locations but it is not easy to find tenants. Photo: Nhu Quynh

Traveling through the "fashion street" of Nguyen Trai, it is easy to see many empty premises interspersed with scattered signs for rent. In addition to the fashion business premises, there is also the F&B business premises (cuisine, restaurant, food and beverage business services) in the waiting situation because they have been empty for more than a year...

Meanwhile, on the most prime streets of Ho Chi Minh City such as Dong Khoi, Nguyen Hue... many F&B business premises are still in a state of tangled rental lists, but have been left vacant in recent times. See more...

Hanoi does not let hot spots arise in compensation, support, and resettlement

In order to promote and improve the quality and efficiency of mass mobilization work in planning work; compensation, support, and resettlement when the State reclaims land to implement socio-economic development projects, on May 5, Vice Chairman of Hanoi People's Committee Nguyen Trong Dong issued Plan No. 123/KH-UBND on strengthening mass mobilization work in the above areas.

The Hanoi People's Committee requires units to identify this as a key task and one of the criteria for evaluating the level of annual task completion of Party committees and leaders. In particular, it is necessary to enhance the sense of responsibility of authorities at all levels, leaders of departments, branches, sectors and the team of cadres, civil servants and public employees for mass mobilization work.

Ha Noi khong de phat sinh “diem nong” trong boi thuong, ho tro, tai dinh cu. Anh: Minh Hanh
Hanoi does not allow "hot spots" to arise in compensation, support, and resettlement. Photo: Minh Hanh

Units need to promote propaganda, dissemination, training and effective implementation of directives of the Central and Hanoi City on mass mobilization work, implementing democracy at the grassroots level in participating in giving opinions, appraising planning; supervising the implementation of planning, compensation, support and resettlement when the State reclaims land; at the same time, implementing urban development according to the orientation of public transport (TOD) and related laws. See more...

Investing 4,212 billion VND to develop a 5-3.3-hectare industrial park in Binh Duong

Binh Duong province is carrying out procedures to build Dat Cuoc Industrial Park, in Bac Tan Uyen district.

This industrial park has been approved by the People's Council of Binh Duong province for a general construction planning project (scale 1/5,000).

The planning area of the industrial park is 523ha wide, nature is a concentrated, multi-industry industrial park; attracting investment projects with industries according to the socio-economic development orientation of the province. The industrial park is planned to have a workforce of about 26,000 people.

Viec phat trien them khu cong nghiep o huyen Bac Tan Uyen se tao dat sach de thu hut nha dau tu va don cac doanh nghiep o phia Nam di doi len. Anh: Dinh Trong
The development of additional industrial parks in Bac Tan Uyen district will create clean land to attract investors and welcome businesses in the South to relocate. Photo: Dinh Trong

The investor to build this industrial park is Binh Duong Minerals and Construction Joint Stock Company (KSB). KSB said that it will develop the industrial park that is being implemented with a total construction investment of about VND 4,212 billion. See more...

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Real estate tax controversy should start from ownership instead of transfer

Quốc HUy |

The Ministry of Finance proposes to amend personal income tax from house sales, but many experts believe that real estate tax should be collected from the second house.

Ho Chi Minh City stipulates that rental rooms must ensure a minimum of 4 m2 per person

MINH QUÂN |

Ho Chi Minh City stipulates that rental rooms must ensure a minimum area of 4 m2/person, but does not apply extreme measures such as demolition or closure to avoid disruption.

Traditional retail space is fiercely competited

Bảo Chương |

HCMC - The traditional retail space market is still struggling to recover even though rental prices have decreased compared to the previous period.