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Ministry of Construction requires three provinces with special economic zones to prevent speculation of land prices

"Pearl Island" Phu Quoc is reeling in the fever

Ministry of Construction has just requested the People’s Committees of Quang Ninh, Khanh Hoa and Kien Giang provinces to take timely measures to manage and stabilize the real estate market, the background and lead to the phenomenon of real estate bubble.

According to Ministry of Construction, the press recently reflected the appearance of some individual investors transfer of forest land use rights, agricultural land; Land conversion in the short term in Phu Quoc (Kien Giang), Van Don (Quang Ninh), Van Phong (Khanh Hoa) has been affected. bad to the sustainable development of the real estate market.

Therefore, Ministry of Construction requires the three provinces to inspect, grasp the situation, clarify the cause of market volatility. In addition, it is necessary to inspect and strictly handle cases of violation of land law and the law on real estate business

In addition, Ministry of Construction also asked the People’s Committee of three provinces to direct the functional departments to implement necessary measures to stabilize the real estate market, information for organizations, citizens about the program, housing development, planning, infrastructure development and urban. Thereby transparency of market information, prevent the phenomenon of speculation real estate prices.

"Pearl Island" Phu Quoc is reeling in the fever
“Pearl Island” Phu Quoc is reeling in the fever

The above provinces are also required to propose measures to stabilize the market, prevent and prevent speculation, transfer land use rights and change the land use purpose in contravention of law.

At the same time, it is necessary to have solutions to prevent the illegal distribution of plots, transfer of forest land and agricultural land use rights, thus raising unreasonable prices of real estate, preventing fever ground land and lead to real estate bubble.

The Ministry of Construction requests the provincial People’s Committees to direct the implementation and report the results to the Ministry of Construction before May 7.

In a related development, Deputy Prime Minister Truong Hoa Binh also directed the inspection of the management and use of agricultural land in Phu Quoc district (Kien Giang).

~~>>Update on new information on the real estate news in Vietnam here: Vietnam real estate news

Deputy PM noted that it is necessary to focus on clear management of land; leveling, dividing, building infrastructure and housing on agricultural land; Land allocation and issuance of land use certificates for separated agricultural land.

The Deputy PM also asked the Kien Giang People’s Committee to inspect and handle the infringing works on agricultural land in Phu Quoc district in accordance with the law and report the results to the Prime Minister before July 1 / 2018.

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