New regulations aim to make real estate project transfers transparent

Thu Giang |

According to the 2023 Law on Real Estate Business, transfers are clearly regulated to ensure transparency and stability of real estate projects.

New regulations on real estate project transfers are attracting the attention of investors in this field.

According to Lawyer Dao Thu Thao - Hanoi Bar Association, Article 39 of the 2023 Law on Real Estate Business, effective from August 1, 2024, states that the transfer of real estate projects is clearly and specifically regulated to ensure transparency and stability of projects.

In particular, Article 39 of the 2023 Law on Real Estate Business stipulates that real estate project investors have the right to transfer all or part of the project to another investor to continue investing, constructing and doing business, but must be approved by the competent State agency and the project must be in the implementation period.

When carrying out the transfer, it is necessary to ensure that the planning, objectives of the project are not changed and the legitimate rights of the stakeholders are protected. This is very important because changing the objectives and planning can affect the entire project development plan and the interests of the stakeholders.

Notably, after the transfer is completed, the transferee will inherit all rights and obligations of the transferring investor, becoming the investor of the project or part of the project that has been transferred.

a
Real estate transfers are clearly regulated to ensure transparency and stability of projects. Illustration: Anh Huy

Referring to this content, economic expert, Dr. Nguyen Minh Phong said that the real estate transfer market will be transparent when the real estate database and information on buying and selling transfers are legally public.

In addition to regulations on transfer principles, the 2023 Law on Real Estate Business also clearly stipulates the conditions for transferring real estate projects.

According to Clause 1, Article 40 of the Law on Real Estate Business 2023, real estate projects to be transferred must meet specific conditions.

First, the project must have been decided on investment policy, approved investment policy or approved investment by a competent State agency, and the investor must have been selected or recognized if the project requires recognition procedures.

The project must have an approved detailed plan and have completed compensation and resettlement support. For infrastructure construction projects, the corresponding technical infrastructure works must be completed according to the approved schedule, design and plan.

The transfer of real estate projects must satisfy all conditions specified in Article 40 and comply with regulations on form, purpose, land use term, and land registration according to the land law.

Thu Giang
TIN LIÊN QUAN

Opening a road to take a stroke driver on the highway to the hospital for emergency care

|

Discovering Hoang Viet Nam driver unconscious in the cabin on the Phap Van - Cau Gie Expressway, traffic police cleared the way to take the victim to the emergency room.

Cave of clouds floating like a fairyland on the Dong Van stone plateau

|

Tuyen Quang - Hang May Gate in Dong Van has a giant lotus bud shape, leading to a world of stone jars hidden in the magical mist of clouds.

More than 3 points/subject for admission to many public high schools in Hanoi

|

Many public high schools in Hanoi have very low benchmark scores, students only need to achieve an average of 3 points/subject that they have been admitted to.

GDP in the first 6 months of the year increased by 7.52%, highest in the period 2011-2025

|

GDP in the first 6 months of 2025 increased by 7.52% over the same period last year, the highest level in the first six months of the year in the period 2011-2025.

The career of Vietnamese actors owning National Treasures before retiring

|

Vietnamese actors own National Treasures with a huge film fortune.

Russia escalates airstrikes, Mr. Zelensky and Mr. Trump phone calls

|

Ukrainian President Zelensky said he had held a phone call with US President Trump to discuss strengthening Kiev's air defense capabilities.

New wards are connected to the most beautiful canal in the center of Ho Chi Minh City

|

HCMC - Nhieu Loc - Thi Nghe Canal passes through the new wards of Saigon, Nhieu Loc, Gia Dinh, marking a transformation in the urban planning of HCMC.

Regulation for sustainable development of real estate market

Thạch Lam |

Regulating the real estate market through legal policies on credit is one of the effective ways to ensure sustainable and stable development.

Real estate prices increase by 5-15% thanks to benefits from metro stations

Linh Trang |

Many metro lines in Hanoi have affected the selling and rental prices of real estate around the stations.

Many real estate businesses have weak debt repayment cash flow

Bảo Chương |

HCMC - Inventory and debt still create a burden on real estate businesses even though the market has gone through a difficult period.