Latest article
The Capital’s Conundrum: Two Decades and the Urban Project Remains Stuck in Limbo
The approved land area for compensation and site clearance for the Chi Dong New Urban Area project spans approximately 70 hectares. Even after two decades, 17.35 hectares of land earmarked for this project remain uncleared.
The Largest Province Cracks Down on Real Estate Brokers
The Lam Dong Provincial Department of Construction has advised all property developers to ensure they have adequate financial capabilities and refrain from illegal fundraising practices. According to the latest guidelines, developers are only permitted to sell future homes if they meet the conditions stipulated in the Housing Law and the 2023 Real Estate Business Law.
“Proposed Amendments to the Land Law: What Principles Guide the New Land Pricing Framework?”
Regarding land finance and land values, the amended Land Law draft currently under consultation reaffirms the principle of land prices being closely aligned with market rates, ensuring fairness and transparency. The state will determine the land price and financial obligations for each land category, employing multiple valuation methods, while also granting local authorities the autonomy to adjust land price coefficients as per practical considerations.
