The Ho Chi Minh City Department of Construction has reported to the Ministry of Construction on the situation and progress made in addressing the difficulties and obstacles of 64 real estate projects, as referred by the Task Force of the Prime Minister.
To tackle the challenges faced by these 64 projects, as well as other projects in the city, the People’s Committee of Ho Chi Minh City issued a regulation on the operation of the city’s Task Force on October 3, 2023.
In the third quarter of 2024, the Task Force organized a meeting, bringing the total number of meetings held since its establishment to 10. They have issued 15 notices, providing solutions for 30 projects.
Celadon City, one of eight real estate projects in Ho Chi Minh City that have had their legal obstacles completely resolved. Photo: Anh Phương
|
Of these, eight projects have had their legal obstacles completely resolved, and 22 projects are still facing issues that are being addressed by relevant departments and units in accordance with regulations.
The eight projects that have been fully unblocked are: The Sóng Việt Complex by Quốc Lộc Phát Joint Stock Company; social housing projects by VTHouse Joint Stock Company and Tâm Giao Joint Stock Company; a project by Suntory Pepsico Vietnam Beverage Company Limited; Metro Star Commercial and Residential Area in Thu Duc City by Metro Star Investment Joint Stock Company;
Adjustment of the Celadon City project progress by Gamuda Land Joint Stock Company; a 1.1-hectare project in Hoc Mon town, Hoc Mon district by Western Saigon Joint Stock Company; The Song Da – Thang Long high-rise residential area in District 7 by Hung Thinh Incons Joint Stock Company; and the Binh Thanh District Education project by Tri Tue Company.
Anh Phương
The Magic of Words: Crafting a Captivating Title
“Securing Certificates for Commercial Residences in Ho Chi Minh City: A Dedicated Task Force’s Mission”
The task force is responsible for reviewing and resolving issues related to land use certificate issuance and property ownership for commercial residential development projects in Ho Chi Minh City.
“DKRA: Resale Condo Prices in Ho Chi Minh City Surge 5-9% in Q3”
In Q3, primary apartment prices in Ho Chi Minh City reached a staggering 493 million VND per square meter, while in Binh Duong, prices peaked at just 60 million VND. Notably, the city’s villa and shophouse segment saw prices soar, with some units reaching an astonishing 700 billion VND.
“A Flood of Long-Term Investment Cash Flows into Villas and Township Housing”
For villas and townhouses within projects in Q3 2024, a survey by the Ministry of Construction revealed that this segment continues to see robust transactions, with a significant amount of long-term investment money and end-users still very much in the game.
The Magic City Transforms: Unleashing Urban Potential on Agricultural Land.
From now on, Ho Chi Minh City residents are permitted to construct buildings on agricultural land for the sole purpose of serving direct production needs. The maximum area for such structures is 50 square meters, with a single-story layout and a roof peak not exceeding 5 meters in height.
Unlocking Public Investment Capital: No More Counting by Days!
Maintaining the economic growth target of at least 7% for 2024, Ho Chi Minh City is implementing a range of key solutions, with a particular focus on expediting the disbursement of public investment capital.
