Real estate 24h:

Prosecution of Alibaba real estate chairman; Traffic on apartment construction violations

Phan Anh |

Prosecution of Alibaba Company Chairman Nguyen Thai Luyen; Experts supporting the North-South expressway project to cancel international bidding to invite domestic bidding; spreading violations in apartment construction... are notable real estate news in the past 24 hours.

Prosecution of Alibaba Company Chairman Nguyen Thai Luyen

On the evening of September 24, the Investigation Police Agency of Ho Chi Minh City Police announced that it had issued a decision to prosecute the accused and a 4-month temporary detention order for Nguyen Thai Luyen (born in 1985) - Chairman of the Board of Directors of Alibaba Real Estate Joint Stock Company to investigate the act of "Fraudulent appropriation of property".

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Officially prosecuted the real estate chairman Alibaba.

On the same day, the Investigation Police Agency of Ho Chi Minh City Police coordinated with the Police of Binh Thuan, Dong Nai and Ba Ria-Vung Tau provinces to send summons to serve the investigation to expand the case. See more...

The North-South Expressway Project cancels international bidding to invite domestic bids: Experts support?

The Ministry of Transport's decision to cancel international bidding and adjust the preliminary selection invitation documents in accordance with the form of widespread domestic bidding to select investors to implement 8 PPP projects under the North-South Expressway Project in the East will be an opportunity and challenge for domestic contractors.

Commenting on this event, traffic expert - Associate Professor, Dr. Nguyen Hong Thai said that the construction capacity of domestic contractors is currently very good, completely meeting the requirements of the North-South expressway project. This is shown in Deo Ca tunnel, Hai Van tunnel, or some large bridges.

See more...

Violations in apartment construction in Nghe An are rampant

Comprehensive inspection of 72 apartment buildings in Nghe An province discovered a series of violations in construction investment management, fire prevention and fighting (PCCC), management and operation...

Accordingly, 64/72 apartment buildings under construction are not in accordance with design documents or are not in accordance with construction standards and regulations. Although these 64 apartment buildings have been completed and put into use, some contents, if not remedied, repaired, or supplemented, may affect safety during operation and use.

See more...

Housing project owner sued by customer in court

For more than 3 years, despite having fully paid for the apartment purchase to Hoang Quan Real Estate Consulting - Trading - Service Joint Stock Company (Hoang Quan Company), customers at the HQC Plaza project (Binh Chanh district, Ho Chi Minh City) have not yet received a home use right certificate.

Talking to Lao Dong reporter, Ms. D.T.X (born in 1981, a resident of HQC Plaza) said that she signed an apartment purchase contract on November 7, 2014, with an agreement to hand over the apartment ownership to Party B (customer) expected to be 9 months from the date Party A (the seller) handed over the completed apartment.

In order to ensure her rights and assets, Ms. X has repeatedly submitted applications to the investor to hand over the apartment's sovereignty, but so far she has only received a promise.

See more...

Phan Anh
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