Ho Chi Minh City considers issuing pink books for some projects that have not fulfilled financial obligations

Bảo Chương |

Task Force 1645 and members had a working session with a number of housing project investors in Ho Chi Minh City to remove obstacles in issuing pink books to homebuyers.

On August 28, Mr. Nguyen Toan Thang, Director of the Department of Agriculture and Environment (NNMT) chaired a meeting with Task Force 1645 to remove obstacles related to the issuance of land use right certificates and land-attached assets (pink books) for commercial housing development projects in Ho Chi Minh City.

In which, there is the apartment project combined with commercial services (The Harmona) No. 21 Truong Cong Dinh, Tan Binh ward, Ho Chi Minh City invested by Tan Binh Import-Export Materials Joint Stock Company. Project scale of 582 apartments and commercial service area in areas A-B, C and daycare area.

Currently, the project still has some shortcomings, such as the investor has not handed over the maintenance fund of about 6 billion VND to the management board, and the project's financial obligations have not been completed...

Representatives of the investor said that the project currently has 260 apartments that have not been granted certificates; regarding financial obligations, the investor has issued a notice inviting consulting units to determine land prices, but no unit has participated...

Initially, the investor proposed to issue certificates for apartments from the 16th floor downwards, and from the 17th to 19th floors waiting to resolve outstanding issues.

Mr. Nguyen Toan Thang said that the above shortcomings have been requested by the investor to be implemented after the working group meeting in May, but have not been completely implemented.

Mr. Thang requested the investor to quickly invite a consulting unit, coordinate with the Department's land economy department to carry out procedures to determine financial obligations. Regarding maintenance fees, the investor must work with the management board to reach a consensus, and if it is granted to the remaining 260 units and then the investor does not hand over the maintenance fund, the management board will complain.

Another problematic project is Hanh Phuc residential area, Lot 11B, functional area No. 11 - Southern New Urban Area, Binh Hung commune, invested by Construction Corporation No. 1 - JSC, with a scale of 26.04 ha, divided into 2 phases.

Phase 1 (8.6 ha) has completed the construction of apartment building Lot No. 1 including 04 Blocks with a total of 1,080 apartments. Construction Corporation No. 1 - JSC has signed a purchase and sale contract and handed over 1,080 apartments in phase 1 to homebuyers, put into use from 2016. Currently, the apartments have not been granted certificates.

The City Inspectorate has concluded pointing out many shortcomings at the project. To date, many contents have not been resolved. More than 1,000 apartments have been sold, mainly sold to social housing buyers, but the appraisal has not been approved by the Department of Construction. Compensation and site clearance work at the project has not been completed...

Therefore, in the immediate future, the investor must summarize the dossier to report to the Department of Agriculture and Rural Development on related contents, to see if the social housing sellers are the right subjects, if commercial houses must determine additional financial obligations... The Department of Agriculture and Rural Development will follow the inspection conclusion for handling. From there, it will serve as a basis for issuing certificates to homebuyers.

In addition, another case is the application for pink book for homebuyers belonging to block D, Gateway Thao Dien apartment building (An Khanh ward, Ho Chi Minh City) invested by Son Kim Gateway Co., Ltd., which is one of the four blocks transferred by the investor from Son Kim Real Estate Joint Stock Company.

According to the report, the project has only paid land use fees of 5,742.8/10,943.7m2 (including 10,196.6m2 of residential land and 747.1m2 of traffic land).

When Son Kim Gateway Co., Ltd. received the transfer of a part of the project (block D) from Son Kim Real Estate Joint Stock Company, it agreed: after completing the transfer, Son Kim Gateway is responsible for paying additional land use fees for the land part belonging to the transferred project, determined by 16.81% of the total value of additional land use fees of the project. Thus, the secondary investor is still bound by financial obligations for the project as the contract between the two parties has signed.

Therefore, Director Nguyen Toan Thang did not agree to issue the entire pink book for the building block of 22 units as requested by the investor, but had to keep it for the investor to fulfill its obligations.

Bảo Chương
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