In the afternoon of August 29th, Task Force 5013, led by Mr. Nguyen Toan Thang, Director of the Department of Agriculture and Environment of Ho Chi Minh City, worked with several investors to address issues related to real estate projects. The aim was to facilitate the issuance of certificates for homebuyers.
Additional Commitments Required
Specifically, Task Force 5013 focused on resolving obstacles for the low-rise housing project in Zone II and Zone III of the new Thu Thiem Urban Area (in An Khanh Ward, Ho Chi Minh City). The project is developed by Dai Quang Minh Real Estate Investment Joint Stock Company.
In Zone II, there are 177 villa plots, of which 64 villas have been requested for certification. Meanwhile, in Zone III, there are 222 linked houses, with 141 units requested for certification.
The project by Dai Quang Minh Real Estate Investment Joint Stock Company will receive land ownership certificates.
The low-rise housing areas in Zones II and III are part of the larger Thu Thiem New Urban Area project, which is a build-transfer (BT) contract for the construction of four main roads in the area. The project has been completed and put into use since 2018.
Regarding these projects, the Government Inspectorate issued Inspection Conclusion No. 1037/KL-TTCP dated June 26, 2019, requesting the People’s Committee of Ho Chi Minh City to review changes in detailed planning for projects that have been and are being invested in. This includes a focus on reviewing projects such as the residential area south of Mai Chi Tho Street…
On this matter, a representative from the Land Economy Department of the Department of Agriculture and Environment of Ho Chi Minh City shared that the investor has paid VND 4,200 billion, and the construction installation value of the BT project is about VND 3,300 billion. In contrast, the value of the land for which the homeowners are requesting certification is about VND 3,500 billion.
According to Mr. Nguyen Toan Thang, at the time of considering the certification issuance, the investor had fulfilled part of their obligations. The remaining obligations will continue to be reviewed according to Decree 91/2025/ND-CP dated April 24, 2025, issued by the Government, which stipulates the time point for determining land prices for the land fund used for BT contract payment in the Thu Thiem New Urban Area.
“We agree to issue the certificates, but the investor must provide explanations and commit to fulfilling any additional requirements from the competent authorities,” concluded Mr. Nguyen Toan Thang.
The Task Force also discussed the issuance of certificates for homebuyers in three apartment blocks: Lot 2-14, Lot 2-16 and 17, and Lot 2-21 of the Complex Tower Observation project in functional area No. 2b of the Thu Thiem New Urban Area.
The project is invested in by Empire City Joint Venture Company Limited (Empire City). These three apartment blocks are part of the larger Empire City project, for which the Ho Chi Minh City People’s Committee has allocated land for investment and construction.
The three apartment blocks in the Complex Tower Observation project in functional area No. 2b of the Thu Thiem New Urban Area will also receive land ownership certificates.
The construction has been completed and accepted by the State Construction Quality Inspection Agency. However, according to the Ho Chi Minh City Land Registration Office, the project must determine the land price again to fulfill additional financial obligations as concluded by the Government Inspectorate in Notification No. 1037/TB-TTCP dated June 26, 2019.
On this matter, the representative from the Land Economy Department shared that the price of the three land plots mentioned above has been determined by the Ho Chi Minh City Land Price Council to be VND 1,666 billion. Previously, the investor had paid VND 3,500 billion for the entire project (9 lots).
Based on the opinions of the meeting participants and related documents, Mr. Nguyen Toan Thang requested the investor to complete the necessary procedures for the Ho Chi Minh City Land Registration Office to issue certificates to homebuyers.
Certificates for Officetel Units
Regarding the Orchard Garden project at 128 Hong Ha, Duc Nhuan Ward, Ho Chi Minh City, developed by Novaland Group, with 181 apartments, 1 commercial area, and 246 officetel units, there was a request for certificate issuance for the officetel units.
The land plot for this project was decided by the Ho Chi Minh City People’s Committee under Decision No. 4220/QD-UBND dated August 26, 2015, for Phu Nhuan Commercial Joint Stock Company to change the purpose of using the land area of over 4,302m2. The land has its origins from a state-owned enterprise that was equitized, and then transferred to Novaland.
In 2017, the Ho Chi Minh City Department of Natural Resources and Environment issued Document No. 8742/STNMT-QLD on the appraisal of sufficient conditions for issuing certificates to homebuyers. Subsequently, the Ho Chi Minh City Land Registration Office advised and presented to the Director of the Department of Natural Resources and Environment for the signing of certificates for 180/180 apartments, and the officetel units were not resolved at that time due to the lack of regulations on issuing certificates for this type of property.
Mr. Nguyen Toan Thang, Director of the Department of Agriculture and Environment of Ho Chi Minh City, speaking at the meeting.
Currently, the law stipulates the issuance of certificates for officetel properties with the land use purpose being residential. Therefore, the investor requested the issuance of certificates for the 246 officetel units in the project.
Regarding the financial obligations for these officetel units, previously, under Decision No. 4565/QD-UBND of the Ho Chi Minh City People’s Committee, the land price calculation method according to the market price was approved for this project. At that time, the land use fee for officetel was calculated as office land. Now, according to the Land Law, it is considered residential land, so the fee must be recalculated.
Mr. Nguyen Toan Thang assigned the Land Economy Department to work with the investor to unify and clarify the financial obligations to be fulfilled. Subsequently, the necessary steps will be taken to determine the financial obligations in accordance with the Land Law. Based on this, the Ho Chi Minh City Land Registration Office will issue certificates for these 246 officetel units.
Regarding the Phuoc Thien Residential and Park project in Long Binh Ward, Ho Chi Minh City, invested in by Newco Investment and Development Joint Stock Company, with 120 villas in plots C41, C42, C43, and C44, the investor has completed financial obligations, and the project has been constructed, inspected, and put into use following the provisions of the current law.
Therefore, the members of Task Force 5013 agreed to allow the Ho Chi Minh City Land Registration Office to implement the procedures for issuing certificates for these 120 villas.
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