Apartment standard classification helps reduce "virtual fever" in housing prices

Thu Giang |

According to Savills Vietnam, classifying apartment building standards helps buyers correctly assess project quality, preventing virtual fever.

According to Lao Dong reporters, the Government has issued Decree 95/2024/ND-CP detailing a number of articles of the 2023 Housing Law, including regulations on apartment classification.

According to Decree 95/2024/ND-CP, from August 1, 2024, apartment buildings will be divided into three classes in order of class 1, 2 and 3. Apartments are ranked based on 8 mandatory criteria including location, amenities, parking, lobby - corridor, elevator, power supply, apartment and a group of criteria according to construction standards.

In particular, the highest class apartment building (class 1) must meet additional conditions regarding distance to parks or entertainment areas. At the same time, the campus of this class apartment building must have an educational or medical service area, sports, private freight elevator...

Regarding parking, every two apartments in a Grade 1 project must have a minimum parking space (slot) with a standard area of ​​25m2 (according to the standards of the Ministry of Construction in 2021). Grade 1 apartments must have charging stations for electric vehicles.

For class 2, every 4 apartments need at least 1 parking space (standard area 25m2). This level is equivalent to the general standard from 2021 of the Ministry of Construction.

As for class 3 apartments, every 100m2 of usable area has one parking slot.

Also according to Decree 95/2024/ND-CP, based on general mandatory conditions, organizations with expertise in the field of construction and housing will issue specific and additional criteria (if any) to determine and classify each apartment building.

The Decree also clearly states that the publication of information and advertising related to apartment building classes when trading apartments must be consistent with the classified content.

Referring to this content, Savills Vietnam Real Estate Services Group pointed out that the classification of apartment buildings is strictly regulated with more specific criteria to help buyers correctly assess the quality of the project, preventing the situation of virtual fever and self-classification to push up apartment prices unreasonably.

However, Mr. Le Hoang Chau - Chairman of the Ho Chi Minh City Real Estate Association (HoREA) - said that in Decree 95/2024/ND-CP of the Government, apartment classification can only be carried out when the project is completed.

However, the 2023 Law on Real Estate Business stipulates that investors are allowed to sell or lease-purchase future housing after completing the construction of technical infrastructure according to regulations; for apartment buildings and mixed-use buildings with housing, only the foundation construction needs to be completed.

According to Mr. Le Hoang Chau, the stage when customers are easily "fooled" is when investors rank and upgrade their apartments into super luxury, first-class or foreign names to sell at high prices.

Referring to this content, many real estate experts also recommend that the criteria for classifying apartment projects should be periodically reviewed and updated with new criteria, in accordance with market changes, ensuring benefits for home buyers.

Besides, before spending money, home buyers need to research and carefully evaluate the investor's capacity and reputation, in addition to criteria such as location, selling price...

Thu Giang
TIN LIÊN QUAN

Khanh Hoa officials with houses 30km or more away from work can still buy social housing

|

Khanh Hoa - The locality has detailed regulations on workers who already have a house but are far from work and are still entitled to social housing support policies.

50-60 million VND armoirs and unbelievable expensive items at Tuong Viet Nam Theater

|

Reoration in street art is very expensive and if invested in to have the most beautiful stage effects, it will be very expensive, "they don't know how much money to spend".

The former Vice Chairman of the People's Committee of Ba Ria - Vung Tau province becomes the new Deputy Secretary of the Ho Chi Minh City Party Committee

|

HCMC - Mr. Dang Minh Thong - Vice Chairman of the People's Committee of Ba Ria - Vung Tau province (old) was appointed to the position of Deputy Secretary of the new Ho Chi Minh City Party Committee.

The Ministry of Finance requests clarification on the case of cutting down trees, what did Secretary Ayun Pa say?

|

Gia Lai - The Secretary of Ayun Pa Ward affirmed that he will require agencies and units to strictly manage public assets, especially urban trees.

List of leaders of 34 provinces and cities after merging administrative units

|

List of leaders of provinces, cities, communes and wards after the merger of administrative units.

Hanoi apartment prices continue to skyrocket in many segments

Linh Trang |

Hanoi - The apartment market recorded a continued upward trend in selling prices.

Waiting for changes from new mechanism to renovate old apartments

Chân Phúc |

Despite great efforts, the renovation of old apartment buildings has encountered many difficulties over the past decades and experts say that to solve this problem, many changes in mechanisms are needed.

Top 10 Hanoi apartment projects in apartment transfers

Thu Giang |

OneHousing Market Research and Customer Insight Center has just listed the top 10 apartment projects in Hanoi in terms of apartment transfers in August 2024.