Under the revised Law on Land, the new provisions related to planning, land recovery, land allocation, land lease, land compensation, resettlement for people… are highly coordinated with other professional laws; at the same time, the provisions on abolishing the land price framework and the annual land price table which is close to the market price are very positive changes…
Review the 6 changes and impacts of the revised Land Law on the real estate market.
Thursday: Land allocation regulations without auction: Allocating social housing, dormitories for workers, allocating land for teachers, medical staff working in remote and extremely disadvantaged island communes,…
Impact:
On the overall market: Helps the market develop more smoothly, minimising disputes related to land.
On investors: Shortening the time and cost of accessing land, developing project investments.
On people: Support increasing the supply of housing for low-income people, ensuring housing for people, developing the economy, and society for the national public interest.
Th ursday: Regulations on the remaining cases of land allocation and land lease through public auction. .
Impact:
On the overall market: Helps the market develop in a public and transparent manner. Avoid cases of “backyards”. Thereby selecting investors with sufficient financial capacity and implementation capacity, contributing to effective land use, quickly finalising the legal progress of the project, and boosting the supply for the market.
On investors: Creating equal opportunities for investors in accessing land. Therefore, investors with sufficient financial capacity and implementation capacity, if not having “connections”, still have a chance to access land normally.
On local authorities: Helping localities determine specific land allocation mechanisms to resolve problems related to land handover for project implementation.
Thursday: A trong cho thue đất trả tiền hàng năm. Đồng thời, chủ đầu tư vẫn được thế chấp cả quyền sử dụng đất và tài sản trên đất.
Impact:
On investors and the overall market: Reducing financial pressure on investors. Thereby, helping investors focus on project implementation faster, bringing supply to the market sooner. At the same time, when the financial pressure is reduced, investors also have the opportunity to complete projects with higher quality.
On local authorities: Creating opportunities to increase land use fees over time.
Note: Because the land rent is determined for each year, there will be fluctuations. To ensure “safety” in the financial calculations of investors, it is necessary to control a certain percentage limit in the annual rent change. Avoiding cases where investors set aside too low a provision, causing disadvantages to themselves. If the provision is set too high, it will disadvantage customers.
Thứ tư: Cho phép các tổ chức, cá nhân không trực tiếp sản xuất nông nghiệp được nhận chuyển nhượng đất trồng lúa của hộ gia đình cá nhân trực tiếp sản xuất nông nghiệp. However, there must be a reasonable and effective plan for use.
Impact: Expanding the subjects and limits of agricultural land use, helping the agricultural real estate segment to become more vibrant and active.
Thứ năm: Người Việt Nam định cư ở nước ngoài có quốc tịch Việt Nam có quyền và nghĩa vụ sử dụng đất như cá nhân trong nước.
Impact:
On the overall market: Contributing to increasing the demand for real estate products, creating opportunities to increase transactions. Thereby, promoting the supply of real estate.
On people: Ensuring equality and fairness.
Thứ sáu: Về việc bồi thường, tái định cư khi Nhà nước thu hồi đất
Content 1: Stipulating 32 specific cases of land recovery for the national interest. Impact: Making all information and regulations clear and public, avoiding disputes and complaints.
Content 2: Eliminating the land price framework, determining prices according to market principles (not according to “market price”). Ensuring the harmony of benefits for all parties.
Impact:
On the state: Increasing the source of budget revenue from land
On investors: Helping businesses accelerate the progress of site clearance
On people: Ensuring the legitimate rights and interests of people when their land is recovered.
