On August 23, the People's Committee of Chanh Hiep Ward, Ho Chi Minh City issued a notice on the legal status of the Suoi Giua Residential Area real estate project invested by Asia Investment and Trading Joint Stock Company.
According to the People's Committee of Chanh Hiep Ward, this project had previously had its investment policy revoked by the People's Committee of Binh Duong Province. After that, the People's Committee of Thu Dau Mot City, Binh Duong Province previously issued a decision to revoke and cancel the detailed planning 1/500.
It is known that the Suoi Giua Residential Area project (formerly known as the Tuong Binh Hiep Commercial Housing Project) is located in Tuong Binh Hiep ward and Chanh My ward, Thu Dau Mot city, formerly Chanh Hiep ward, Ho Chi Minh City. The project was approved for investment in 2013.
In 2015, the project was approved to adjust the detailed planning 1/500 with an area of over 30.6 hectares.
From 2017 to 2018, this project was widely advertised, many people conducted transaction activities to buy land in the project under the form of "residence contracts and investment cooperation".
In October 2020, the project investor was fined nearly 285 million VND for violating regulations on capital mobilization or illegal capital appropriation in the project.
After many years, hundreds of customers have paid but have not yet received land, the project is still an empty lot. Some plots of land are still being cultivated, while most of the land is vacant and wasteful. Meanwhile, for many years, many people who have implemented transaction contracts have sent complaints to many agencies about the implementation of the project. The Inspectorate also stepped in to clarify, before the investment policy was revoked.
