It is predicted that starting from this year, legal barriers hindering the recovery and development of the market will be removed and real estate businesses can return to the track, maintaining their performance, reputation and reputation. trust with home buyers.
Error legal appointment
Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association (HoREA), affirmed that the biggest problem in the real estate market is legal problems – accounting for 70% of businesses’ difficulties – during the preparation process. investment, construction and business. The main reason is that some legal regulations are not uniform and inconsistent. This indirectly leads to a quiet real estate market, home buyers lose confidence and real estate transactions cool down recently.
Legal problems are also the main reason why many real estate projects have to stop construction, affecting the rights of home buyers and the reputation of investors.
The Aqua City Dong Nai project is still waiting for approval of the local adjustment project of the city’s general planning. Bien Hoa to remove major problems.
Specifically, for Novaland, in the past 2 years, despite actively resolving problems, many real estate projects stretching from Ho Chi Minh City to Dong Nai, Ba Ria – Vung Tau and Binh Thuan still have many problems and have not been completely resolved.
For example, the Aqua City Dong Nai project, although the government creates conditions to continue construction and sales with some items, the investor still has to wait for Dong Nai Provincial People’s Committee, Department of Construction and other departments and committees. The sector completed the appraisal and approval procedures for the local adjustment project of the city’s general planning. Bien Hoa to remove main problems of the project.
Along with that effort, the project investor has also seriously complied with the handling of administrative violations related to construction order according to legal regulations for a number of construction sites that are not in accordance with the law. during the recent COVID-19 pandemic.
To overcome violations and comply with current regulations, according to the new planning orientation, the investor has also carried out infrastructure renovation, made plans and organized the dismantling of a number of temporary and public works. The construction process is not in the correct order, leading to speeding up the completion of related legal procedures.
Similarly, the NovaWorld Phan Thiet Binh Thuan project is still having trouble determining the land price of the authorities. Although Binh Thuan province has repeatedly proposed and considered instructions for solving the problem, the land price determination has not yet been completed or approved, causing the project development progress to slow down.
While waiting for solutions from agencies and sectors, many businesses have also applied all measures to ensure short-term customer benefits or work with banks to structure loans for customers. , flexible support for product conversion, increased incentives…