Accordingly, Hong Tram Phat Real Estate Joint Stock Company was permitted by the competent authority to change the land use purpose to implement the Thuan Giao High-rise Apartment Complex project combined with commercial services.
The land has a total area of 9,426 m2 in Thuan Giao Ward, Ho Chi Minh City.
In which, the competent authority allowed the conversion of land use purposes to urban residential land with an area of 9,01 m2, in the form of land allocation by the State with land use fees.
For the area of 325 m2 of urban residential land that has received the transfer of land use rights, the enterprise is allowed to manage, use and invest in construction in accordance with the approved detailed planning.
The area of 316 m2 of land belongs to the sewer protection corridor and 799 m2 belongs to the road safety corridor, the company is responsible for managing it according to the law.
The land will be used for 50 years, until June 30, 2025. The land price to fulfill financial obligations is calculated according to the provisions of law.
The Department of Agriculture and Environment is assigned to preside over and advise departments to determine land prices for land use fees. At the same time, direct the issuance of land use right certificates, determine boundary markers and hand over land on site to enterprises.
Hong Tram Phat Real Estate Joint Stock Company is required to fully fulfill financial obligations related to the land. Management and use of the land in accordance with the provisions of law.
