Binh Duong adjusts real estate investment and business projects

From the beginning of 2021 up to now, Binh Duong province has been organizing the review and step-by-step rectification of real estate investment and business projects, strictly handling cases of illegal capital mobilization, investment and Real estate business violates the law, reviewing and approving land prices in order to create a fair real estate market among investors, timely prevent risks in real estate trading and trading for people.

A project is being completed in Binh Duong province (illustration). Tighten management According to Vice Chairman of Bau Bang District People’s Committee, Mr. Nguyen Van Thuong, by June 2021, the district has 25 housing projects outside the industrial zone with a total planning area of ​​451 ha and only 9 projects have been approved by the Provincial People’s Committee. allow transactions. However, there are many companies that have arbitrarily brokered, advertised for sale without meeting the legal conditions, collected money from the people, causing confusion in public opinion and were reviewed by the competent forces of the district. join the police agency to investigate projects such as: Thanh Phat City 1 Residential Area (Ba Thanh Phat Real Estate Development and Construction Investment Joint Stock Company), Green City 1, 2 Residential Areas , 3 Phuc Long Residential Area (Binh Duong City Land Real Estate Trading Service – Construction Investment Development Joint Stock Company). In the past time, in order to promote the purification and rectification of projects, and to adjust land prices, the People’s Committee of Binh Duong province has also issued many documents directing departments, branches and localities related to the inspection, handling of housing projects and investment and construction projects without permission (Document No. 1518/UBND-KT issued on April 15, 2021 on rectification of state management of land prices, Document No. 1333/UBND-KT issued on April 2, 2021 on strengthening the management of the real estate market, Document No. 3888/UBND KTN dated August 7, 2019…). The Department of Construction has also issued Document No. 1688/SXD-QLN dated May 24, 2021 on strengthening the management of the real estate market situation in Binh Duong province under the direction of the Provincial People’s Committee sent to the departments. concerned and the People’s Committees of districts, towns and cities, the investors of real estate business projects, based on the tasks of the branches and localities, organize to follow the instructions of the Provincial People’s Committee in Document No. Document No. 1333/UBND-KT issued on April 2, 2021 and will continue to be monitored in the process of organizing, synthesizing and reporting to the Provincial People’s Committee. In addition, localities have strengthened inspection, review and cooperation with police agencies. By June 2021, the inspection force of Binh Duong Department of Construction had issued 70 decisions to sanction violations with works and projects with an amount of nearly 5 billion VND. Along with that, according to data from the Economic Police Department of Binh Duong Province, functional forces have prosecuted and detained to investigate 18 cases, 11 land-related suspects with signs of fraud of tens of billions of dollars. copper. In 2020, the People’s Committee of Binh Duong province has approved the investment policy of 42 projects, with a land use scale of about 112.81 hectares. In 2021, according to preliminary statistics, the department has also advised the Provincial People’s Committee to approve the investment policy of only 9 projects, with a land use scale of about 142.25 hectares and have withdrawn the investment policy of 2 The project includes: Project of Resettlement Area on the road to the provincial administrative center; Project of Tan Uyen Residential Area – Binh Duong Fico. According to Mr. Pham Xuan Ngoc, Deputy Director of the Department of Natural Resources and Environment of Binh Duong province, the province is geographically located close to Ho Chi Minh City and has a well-planned connected traffic system. In the coming years, the province will become one of the major industrial centers in the region, focusing on transforming the functions of industrial parks in the South and attracting investment in developing high-tech industry in the North. ; development services in the direction of serving industrial development; develop regional trade centers in Thu Dau Mot city, Thuan An and Di An townships, develop district-level commercial centers serving industrial parks. Therefore, the implementation of solutions to tighten the state management of planning, investment, construction and business in projects, especially the objects of subdivision and sale of land plots, crushing the planning, purifying the Weak projects, investors and businesses are an opportunity for businesses to clearly see their strengths and weaknesses, review business activities, focus on feasible projects and prove their effectiveness; focus on personnel issues and training to create momentum for the next time. Choose the right investors According to Mr. Vo Hoang Ngan, Director of Binh Duong Department of Construction, over the past time, many investors have chosen Binh Duong as a destination for real estate investment and business, which has created Binh Duong a system of synchronous, spacious and modern technical infrastructure to meet the process of urbanization and sustainable urban development. In addition, there are also many investors who take advantage of loopholes in the law and people’s trust to mobilize capital, cheat, and illegally gain profits, affecting the interests and rights of the people. At all levels, industries have been paying attention to controlling and strictly handling violations in order to create a healthy and fair real estate business environment among investors. In the coming time, the province will pay attention to selecting suitable investors according to each housing market segment, developing types of housing for people according to different income levels, especially housing for the elderly. low-income people, migrant workers, poor households, households with social policies, creating conditions for people to choose each housing segment suitable to their income to choose a place to settle down and establish a career. Mr. Vo Hoang Ngan said that Binh Duong also needs to pay more attention to investors with strong financial potential, capacity and experience in investment management and urban development to create urban development areas. modern, synchronous connection worthy of classified cities. The province encourages all economic sectors to participate in the development of new urban areas, step by step upgrading, renovating and embellishing existing urban areas; interested in planning orientation, converting low-rise apartment buildings into high-rise apartment buildings in the southern areas of the province (compressed urban areas, high population density). Binh Duong synchronously invests in technical and social infrastructure systems, increases land use efficiency, creates a land fund to develop public transport and underground works, parks and public spaces towards construction. sustainable urban areas in the direction of civilization and modernity, towards the development of smart cities in the future. Specifically, ensuring that according to the criteria of the Housing Development Program in Binh Duong Province to 2020, with a vision to 2030, approved by the Provincial People’s Committee in Decision No. 721/QD-UBND dated March 17, 2020 with average housing area of ​​the whole province is 31.5 m2/person (minimum housing area 10.0 m2/person); in which, urban area 33 m2/person, rural area 25 m2/person. Raise the percentage of permanent houses in the province to 65%, reduce the rate of unstable houses to 0.5%. Binh Duong continues to transform the function of industrial zones and clusters in the South for urban development to serve urban embellishment; develop industrial – service models in the northern districts of the province. The province develops a model of social housing to serve the needs of official housing development; housing for low-income people in urban areas, housing for workers, housing for students, other social houses and a part of housing needs for resettlement in urban areas. Binh Duong needs to develop an additional 2.7 million m2 of floor space and continue to focus capital resources to complete the technical infrastructure of resettlement housing areas, arrange residential land for resettled people to build houses. in. Binh Duong also develops commercial housing; to step up the development of apartment houses in compact urban areas in the southern region of the province; implement the management and 20% land fund in commercial housing projects, new urban areas to build social housing. The province increased the proportion of condominiums in urban housing development projects to 30%. The rate of rental housing is equal to 8.5% of the total additional housing area in urban areas. The residential land fund in urban and rural areas increased by about 1,200 ha.