The First Minister requested a report on residential land 100%

Previously, many of the businesses involved in protesting the above regulations and blocking urban area development projects, residential areas and rural residential areas … Given that the current projects are & # 39 ; using agricultural land money, non-agricultural land and specialized land. Companies need to spend a lot of money to clear land and prepare for investment, which makes it difficult.

Therefore, they suggested that the Government should have guidance directly with issues where initiatives have been allowed to make land and create land assets for the implementation of commercial housing projects .

Last week, the Chairman of HCM City, Nguyen Thanh Phong, met with the Director of the Department of Construction and the Department of Natural Resources and Environment, along with Ho Chi Minh City's Mainland Estate Corporation (Horea) with business leaders land estate in HCMC, to listen to ideas, exchange to remove it.

At the meeting, Mr Le Hoang Chau, Chair of Horea, said one of the key problems in the estate business has been the problem of recognizing investors, and that land must be 100%. The main purpose of this problem is that the Housing law states that businesses "move on residential land use rights in accordance with land law for commercial housing construction."

According to Chau, this rule opens the Domain Law that is a n; means that an "economic group" is entitled to obtaining land use by using a right to use, except as provided in article 191 of this law. " With the word "residential land" in this content, the investor needs 100% of the project to prove that the stranger is very tough.

Chau data from the Ho Chi Minh Town Building Department, from July 1-715 when the Housing Law has come to fruition, has shown so far, the department has 170 projects that would like to know investors, but not Only 44 projects have the right to use the land legal, accounting for 26%. Although 74% of the most abandoned land-based projects have originated for agricultural land, non-agricultural land and specialized land. Most of the 170 projects are also public domain funding, such as alleys, river canals, countryside routes.

"If this problem can not be solved, its market will have a huge challenge on buildings in 2019. It is expected that its project provision will be a major decline," said Le Hoang Chau.

S. Nhung