On October 3rd, the Toan Luu Commune Police Department announced that Dong Quan Land Company (headquartered in Nghe An) was fined VND 505 million by the Ha Tinh Department of Construction.
According to the Toan Luu Commune Police, on September 20th, Dong Quan Land Company began real estate business activities in Trung Tam village, Toan Luu commune, promoting a “Riverside Land Plot Project.”
Upon receiving the report, the Toan Luu Commune Police collaborated with relevant authorities to investigate the involved parties.
Dong Quan Land employee consulting a customer in Toan Luu commune. |
During the verification process, the police found that Dong Quan Land committed several violations, including: providing false documents and information about the real estate they were brokering, creating misleading diagrams, issuing invitations, and naming the project “Riverside Land Plot Project” inaccurately. Additionally, they lacked the required real estate brokerage certification.
The police department submitted the case to the Ha Tinh Department of Construction for further action within their jurisdiction regarding construction-related matters.
On October 3rd, the Department of Construction issued Decision No. 383/QD-XPHC, fining Dong Quan Land LLC VND 505 million.
The project as depicted by Dong Quan Land. |
Before September 20th, company employees sent invitations to numerous residents, announcing the launch of the “Riverside Land Plot Project” in Trung Tam village, Toan Luu commune, at 9:30 AM on September 20th. The company also promised to provide transportation for customers to view the land.
In their promotional catalog, Dong Quan Land showcased the land with images of internal paved roads, riverside greenery, and a miniature park, creating an appealing impression.
Upon investigation, it was revealed that the land in question was merely an isolated vacant plot. The landowner later donated the land and constructed short roads around it for subdivision purposes.
The land lacks connection to the electrical grid, with the owner only installing solar-powered lights. There is no drainage system or designated areas for greenery or parks as advertised.
Unfinished roads at the site still being sold by the developer.
|
Despite these shortcomings, the company openly marketed the land, dividing it into 39 plots ranging from 124 to 134 square meters, priced at over VND 300 million per plot.
Previously, a land fever had gripped the villages of Trung Tam, Ngoc Ha, and Vinh Cat in Toan Luu commune, Ha Tinh province.
Following the announcement of the Western Ha Tinh Industrial Zone plan, hundreds of cars flocked to this rural area in search of land. Groups of land brokers descended upon Toan Luu commune, negotiating and trading land. Real estate agents even set up tents on vacant land, actively soliciting customers.
In response to this situation, the Ha Tinh Department of Construction recently issued a document to relevant departments and agencies, emphasizing strengthened state management of the real estate market within the province.
Thien Luong
– 14:38 03/10/2025
“Land Brokers” Quietly Exit After Flooding Rural Areas, Fueling Daily Land Price Surges
With the announcement of the West Ha Tinh Industrial Zone, the real estate market in Toan Luu village (Ha Tinh) has been set ablaze. Hordes of property agents flocked to the area, driving up interest and causing a frenzy, only to disappear as quickly as they came, leaving behind a sizzling market in their wake.
Unveiling the Scam: How Fake Land Projects in Rural Areas Are Deceiving Buyers
After consolidating garden and residential land from rural residents, real estate investors launched deceptive marketing campaigns promoting a “land foundation project” to attract buyers. However, local authorities have confirmed that no such land foundation project exists within the jurisdiction of Toan Luu commune.
Unveiling the Scam: How Fake Land Development Projects Deceive Rural Buyers
After consolidating garden and residential land from rural residents, real estate investors launched deceptive marketing campaigns promoting “land plot projects” to attract buyers. However, local authorities have confirmed that no such land plot projects exist within the jurisdiction of Toan Luu commune.
Government Warns of ‘Phantom’ Projects Fueling Rural Land Speculation
Amidst the virtual land frenzy in Toan Luu Commune (Ha Tinh), a “riverside land plot project” has been aggressively marketed on social media, even drawing crowds of prospective buyers to public sales events. However, local authorities have confirmed that no such land plot project has been officially licensed in the area.
The Looming Threat of Infrastructure Collapse Amid the Rural Land Speculation Frenzy in Hà Tĩnh
Prime agricultural land is being rapidly consolidated, rezoned, and subdivided for sale following the announcement of the Western Hà Tĩnh Industrial Zone. This unchecked proliferation of land plots for sale is threatening to disrupt the rural landscape and infrastructure across the region.
