The Ministry of Construction has proposed a maximum fine of up to 1 billion VND for developers who fail to submit paperwork for land use right certificates to homebuyers.
The Ho Chi Minh City Department of Agriculture and Rural Development has submitted for appraisal the re-evaluation of land prices for the Lakeview City project and the 1.330-unit New City residential development. The Ho Chi Minh City Land Price Appraisal Council has also convened a meeting to reassess these valuations.
The government has proposed a new approach to land compensation, suggesting that it be calculated using a price table and adjustment coefficients, rather than being based on "specific land prices."