Real Estate

The Circular 10/2024/TT-BTNMT, effective from August 1st, sets out the specifications for the design, size, color, and content of the new land use rights and asset ownership certificates. It also introduces a QR code feature and outlines the printing principles for these official documents.

The Quang Nam Provincial Party Committee has announced its conclusions following a dialogue session with representatives of those affected by three projects: the expanded 7B Urban Area, Hera Complex Riverside, and Bach Dat in Dien Ban Town.

The Ho Chi Minh City Real Estate Association (HoREA) has submitted a document to the National Assembly's Standing Committee regarding the implementation of the 2024 Land Law, specifically concerning the issuance of new land price tables.

The upcoming months will see the completion of several key infrastructure projects in Ho Chi Minh City. These include the Nam Ly Bridge in Thu Duc City, the Rach Cay Kho Bridge connecting Binh Chanh and Nha Be districts, the Binh Hung Wastewater Treatment Plant (phase 2), and the expansion of Ten Lua Road in Binh Tan District. These projects, along with other transportation and bridge constructions, are set to be finalized by September, marking a significant step forward in the city's development and improving connectivity across the metropolitan area.

The premium plot fetched a winning bid of 101 million VND per square meter, while the regular plots garnered winning bids of 63-80 million VND per square meter. These winning bids represent a significant surge from the starting prices, with the regular plots fetching five to 6.4 times the initial value and the corner plot reaching eight times its starting price.

A devastating landslide in the commune of Tà Xùa has buried a restaurant and a homestay, claiming the lives of three family members. The unexpected deluge of tens of thousands of cubic meters of rocks and soil from above has shocked the community and left a trail of destruction in its wake.

The Ho Chi Minh City Tax Department has requested the People's Committee to provide guidance on tax calculations for dossiers submitted after August 1st.

The People's Committee of Soc Trang Province has issued Decision No. 1680/QD-UBND, approving the detailed planning project for the construction of Dai Ngai Industrial Park in Long Phu District, Soc Trang Province, at a scale of 1/2000. This decision came into effect on July 25, 2024, marking a significant step forward in the province's industrial development plans.

The People's Committee of Ba Ria - Vung Tau (BRVT) province has announced a list of land parcels to be auctioned for land use rights in 2024. The successful auction of these land parcels is expected to generate over VND 10 trillion for the local budget, based on tentative calculations using the provincial land price framework for the 2020-2024 period.

In all 63 provinces, Ho Chi Minh City stands alone in its interpretation of Clause 1, Article 257 of the 2013 Land Law, bringing administrative procedures for its citizens to a halt. While the city has chosen to stall, the remaining provinces continue to process land-related documents, including applications for change of land use purpose, without interruption.