On January 2, information from the People's Committee of Nghe An province said that the unit had just issued Document No. 14824/UBND-NN, assigning the Department of Agriculture and Environment and Vinh Loc Ward People's Committee, Dong Loc Commune People's Committee not to allow land use purpose conversion; limiting the purchase and sale, transfer of land during the time the Department of Construction performs the task of adjusting the planning of the Provincial Administrative Center area.
This directive was issued in the context of the real estate market in the above area showing signs of "land fever".
According to Lao Dong Newspaper's records, land prices in Nghi Phong, Vinh Loc ward increased from 30 - 35 million VND/m2 to 39 - 41 million VND/m2 in a short time; many deep-lying locations also increased to 28 - 30 million VND/m2.
Land brokerage and sale activities are taking place soi dong, both directly and on social networks.
In fact, disputes arose when the buyer placed a deposit but then discovered that the land plot was in the planning area and did not meet the conditions for transfer, forcing them to sue in court.
Leaders of Nghe An Provincial People's Committee affirmed that the above document only applies within the planning area of the Provincial Administrative Center, in order to urge sectors and localities to strengthen management and strictly control land activities during the planning and adjustment period.
