Hanoi controls the land auction, reviews the risk of the real estate bubble

On August 26, 2022, Hanoi People's Committee issues Official Dispatch No. 2807/UBND-TNMT on strengthening the land management in the City.

Accordingly, Hanoi People's Committee requires the Department of Natural Resources and Environment, and relevant departments to evaluate, and review the risk of the real estate bubble and strengthen the management of the real estate market.

At the same time, strictly manage and control from the phase of setting up the dossier for land auction, appraise and approve the plans on land acquisition and clearance to prepare the land fund for auction.

Especially, concentrate on reviewing, investigating, and evaluating the activities of consultation organizations that are reputable, responsible, and law-abiding in the land auctions.

The information disclosure of the annual auction project and plan must be approved to ensure transparency and create favorable conditions for people who have demands on land. 

The cases that do not fulfill the financial obligations or put land into use late shall be checked, evaluated, and processed in accordance with the regulations after winning the land auction.

 

Hanoi controls the land auction
Hanoi controls the land auction and reviews the risk of the real estate bubble (Illustration)

Besides, the People's Committee also focuses on a number of important content as follows:

On September 2022, appoint the Department of Natural Resources and Environment to take the prime responsibility and coordinate with the relevant units to set up, appraise and submit the authorization to approve the Plan on using land in 05 years (2021-2025).

Within that, information on using land must be public and transparent, ensuring consistency on the database and maps in the planning system. 

People's Committees of districts, communes, and towns shall actively take the review, compensation, support, and resettlement of land clearance in order to ensure the time progress, especially in the regions passed by belt road No.4. 

Rate:
(0 rated)
For further support, please call 19006192

SAME CATEGORY

See more