On July 17, the Department of Natural Resources and Environment of Khanh Hoa province said that it had just sent a document to companies and consulting units participating in selecting and registering to determine land prices.
Many real estate projects need to redefine land prices
The Department of Natural Resources and Environment requests consulting units to choose land valuation consultants for which projects and works belong to which district, town, or city, clearly stating in the written response; Try to shorten the time to implement economic contracts to determine specific land prices to ensure science, efficiency, quality...
Based on feedback from selected companies and consulting units, the Department of Natural Resources and Environment will take the next steps to ensure the implementation of hiring consulting units related to the assessment work. Land price according to legal regulations.
It is known that in the list of projects to re-determine land prices, there are many real estate projects.
These include Dat Lanh residential area expansion project (phases 1,2,3), Vinh Trung River and Mountain Villas, Giang Huong Eco-Villa Village (phases 1,2,3), Phuc Urban Area Khanh 2, Tropicara Resort tourist area, Prime eco-tourism area - Prime Resort and hotel, Le Hong Phong 1 urban area (adjustment of planning) and calculation of land rent in 2016, Khanh Hoa commercial center (Supermarket Co.op Mart).
In addition, there are a number of other projects such as VCN - Phuoc Long Urban Area (adjustment of planning), Con Tan Lap Residential Area, Royal Marina Center, Hoan Cau Resort Joint Stock Company Kim Cuong Bay, To Muong Thanh Nha Trang luxury apartment complex, Bao Dai luxury resort.
Khatoco Hotel - Commercial Building, My Gia Urban Area, Cuu Long Son Tu Spiritual Ecological Area, Phuoc Dong Housing Area, Khanh Hoa Bird's Nest Park Project, Regional Electricity Solar Power Plant Project Trung, cases of land valuation for land lease with annual payment in industrial parks, industrial clusters...
There are many reasons to re-determine land prices
Mr. Nguyen Minh Thu - Deputy Director of the Department of Natural Resources and Environment of Khanh Hoa province informed that through the review, there are more than 60 projects in the area, most of which are real estate projects that need to re-determine land prices.
Explaining why it was necessary to recalculate land prices for many projects, Mr. Nguyen Minh Thu said that through review, the Department of Natural Resources and Environment noted that some projects had adjusted their detailed planning to 1/500 but The land price has not been recalculated; There are projects that have had a decision to lease land and signed a land lease contract but have not yet recalculated the land price.
In addition, there are also a number of projects whose land prices were determined by Khanh Hoa province officials but had errors and the Central agency concluded; Some projects also need to recalculate land prices due to changes in land use structure, land use coefficient...
Still according to Mr. Nguyen Minh Thu, currently the Government has issued Decree 71/2024/ND-CP regulating the latest land prices effective from August 1, 2024. Decree 71 has many new points that are beneficial for businesses, including the content "whenever land is allocated, the land price will be determined at that time".
While waiting for Decree 71 to take effect, the Department of Natural Resources and Environment of Khanh Hoa province proactively invites consulting units to determine land prices according to Decree No. 12/2024/ND-CP of the Government.
In the process of determining land prices for the above projects, there will be a transition clause between Decree 12 and Decree 71, which will take effect on August 1.
