Prime Minister Pham Minh Chinh has just signed and issued Official Dispatch 134/CD-TTg dated December 14, 2024 requesting relevant ministries and localities to promptly rectify the work of auctioning land use rights.
According to the dispatch, the organization of land use rights auctions in some localities still has certain shortcomings and limitations such as the phenomenon of auction participants paying unusually high prices, signs of price inflation, or collusion and conspiring to manipulate prices for profit, causing market disruption, affecting the healthy development of the real estate market.
This situation is attracting public attention and may have negative impacts on socio-economic development, investment and business environment and real estate market.
From there, the Prime Minister requested the Chairmen of the People's Committees of provinces and centrally-run cities to direct functional agencies and units to review the organization of land use rights auctions in the area to ensure compliance with the law, publicity and transparency.
Timely detect and strictly handle violations of legal regulations in land use rights auctions, prevent acts of taking advantage of land use rights auctions for personal gain and disrupting the market.
In particular, focus on organizing the public disclosure of planning, land use plans, construction planning, urban planning of the area where land use rights auctions are held and neighboring areas.
Take measures to ensure the supply of residential real estate and land is suitable for the accessibility and payment capacity of the majority of people in need, overcoming the imbalance of supply and demand in the real estate market.
The Minister of Natural Resources and Environment shall preside over and coordinate with the Ministers of the Ministries of Justice, Finance, Construction and the Chairmen of the People's Committees of provinces and centrally-run cities to strengthen the inspection and examination of land use rights auction activities in cases showing unusual signs, promptly detect inadequacies in legal regulations to advise and propose competent authorities to amend and supplement them appropriately.
At the same time, handle according to authority or propose competent authorities to strictly handle organizations and individuals violating the provisions of the law on land use rights auctions, especially acts of taking advantage of land use rights auctions for personal gain, causing market disruption; report to the Prime Minister on issues beyond authority.
The Minister of Construction shall preside over and coordinate with the Minister of Natural Resources and Environment and Chairmen of People's Committees of provinces and centrally-run cities to study and specifically assess the impacts of the recent land use rights auction results (especially cases with unusually high auction results, many times higher than the starting price) on the price level of residential land, housing, and the real estate market.
Proactively resolve within authority or propose to competent authorities measures to limit negative impacts (if any), contribute to regulating, stabilizing, and developing the real estate market healthily, and report results to the Prime Minister.
The Minister of Public Security directed professional units and local police to proactively grasp the situation, detect, investigate, and strictly handle according to the law organizations and individuals who violate to the extent that they must be prosecuted for criminal liability in the auction of land use rights.
Strengthening the situation control, promptly detecting, preventing and strictly handling violations of the law in land use rights auctions, especially acts of collusion to suppress or inflate prices, and manipulating prices for personal gain.
