On August 31, the People’s Committee of Khanh Hoa province announced its decision to revoke four previous decisions (specifically, Decisions No. 2116, 2133, 2151, and 2161) regarding land price approval for four major projects in Nha Trang city.
These decisions pertained to the approval of land prices for the Napoleon Castle I Apartment project (located at 25-26 Nguyen Dinh Chieu), the Le Hong Phong II New Urban Area project, the Phuoc Long New Urban Area project, and the determination of land rent prices for a plot of land on Yersin Street in Nha Trang. The reason for revoking these decisions was due to their reliance on legal documents that are no longer in effect.
The Napoleon Castle I Apartment project is undergoing a land price reassessment due to planning adjustments.
Prior to this, on August 28, the Khanh Hoa Department of Natural Resources and Environment submitted a document to the provincial People’s Committee regarding the issuance of decisions on specific land prices for dossiers submitted before August 1, 2024. The approval of land prices for these projects forms the basis for determining financial obligations and issuing land use certificates for residents of certain real estate projects in the area. This, in turn, provides a foundation for applying land price calculation methods for real estate projects that have undergone legal changes but lack updated land prices.
According to the Khanh Hoa Department of Natural Resources and Environment, the four land price schemes submitted to the provincial People’s Committee before August 1, 2024, will have their land prices determined based on the submitted schemes without applying the provisions of the 2024 Land Law. The People’s Committee’s decision to approve these land prices is in line with Article 257, Clause 3 of the 2024 Land Law.
Le Hong Phong II New Urban Area in Nha Trang City. Source: L.H.
However, while the four decisions on specific land price approvals were issued after August 1, 2024, the legal basis for these decisions referenced the 2013 Land Law and its implementing decrees and circulars, which have been invalid since August 1, 2024. As a result, these decisions needed to be revoked. Thus, just over ten days after the initial approval decisions, the People’s Committee of Khanh Hoa province has now revoked them.
“Khanh Hoa: The Four Newly-Approved Land Projects, Now Cancelled”
The four projects in Nha Trang City, Khanh Hoa Province, had their land price approval decisions revoked, just over ten days after initial approval.
International Holidaymakers Flock to Khanh Hoa, Phu Yen’s Beachfront Accommodations Fully Booked for 2/9 Holiday
This Independence Day, Khanh Hoa welcomed a surge of international arrivals via air travel, causing a spike in occupancy rates for coastal accommodations in Phu Yen.
“The Rise of Khanh Hoa: Asia’s Favorite New Vacation Hotspot”
In just eight months, international tourist arrivals surpassed the annual target for 2024, a remarkable 2.6 times increase compared to the same period last year. Khanh Hoa is steadily cementing its position as one of the most captivating destinations in Vietnam and the wider Asian region.
The Pearl of Vietnam’s East Sea: Nha Trang’s Charm Rivals Phuket and Bali
Continuously featuring on international ‘best of’ lists, Nha Trang boasts an impressive collection of accolades: one of the ten most beautiful bays in the world, top eight best beaches for retirees, and among the top five scuba diving spots in Asia. With these titles, Nha Trang has firmly established itself as a formidable contender in the ideal vacation destination race, rivaling the likes of Phuket and Bali.
Unveiling the Secrets of the “Billionaire Village”: A Haven for the Rich and Famous
Only 98 villas grace the ‘peninsula’ that stretches into the idyllic Nha Trang Bay, backed by mountains and facing the sea in a prosperous feng shui setting. Operated by the leading Spanish ‘national treasure’ brand, with a high occupancy rate, the billionaire’s peninsula of Gran Meliá Nha Trang is the latest coveted project among Vietnam’s wealthy elite.
