“Remove problems” in issuing pink books to tens of thousands of apartments
According to Mr. Le Hoang Chau, Chairman of Ho Chi Minh City Real Estate Association (HoREA), the completion of the “Decree amending and supplementing a number of articles of Decree No. 44/2014/ND-CP regulating land prices “It’s very favorable right now. The Land Law 2024 has specific regulations on land valuation to carry out land valuation work in 2024.
Clause 5, Article 158 of the Land Law 2024 specifically stipulates 4 land valuation methods, including “comparison method”, “income method”, “residual method”, “adjustment coefficient method”. land price”, and at the same time allowing “the Government to regulate other methods of land valuation that have not yet been regulated.
And Clause 6, Article 158 of the Land Law 2024 also specifically stipulates “cases and conditions for applying the land valuation method”.
HoREA proposed to soon issue regulations on land prices to “remove obstacles” in granting pink books to tens of thousands of apartments across the country. Photo: Quoc Hai
“HoREA recognizes that the Land Law 2024 will take effect from January 1, 2025, including “regulations on land valuation” and in 2024, land valuation must still be carried out according to regulations of the Land Law 2013, so it is very necessary and urgent to issue “Decree amending and supplementing a number of articles of Decree No. 44/2014/ND-CP dated May 15, 2014 regulating prices land,” Mr. Chau said.
The promulgation of the Decree amending and supplementing a number of articles of Decree No. 44/2014/ND-CP is to soon remove problems related to land valuation, land price appraisal, and land price determination for calculation. Land use fees and land rents for hundreds of real estate and commercial housing projects, so that investors can fulfill their financial obligations on land to the State, ensuring no loss of state budget revenue. while improving the quality of state management of land and the real estate market.
In particular, this regulation also helps ensure the legal and legitimate rights and interests of home buyers who are granted “pink books”.
“In Ho Chi Minh City alone, there are still more than 60,000 houses belonging to previous projects that have not been granted ‘pink books’, not including more than 10,000 houses belonging to new projects added every year, and nationwide, There may be hundreds of thousands of houses in projects that have not been issued pink books. Therefore, the promulgation of a Decree amending and supplementing a number of articles of Decree No. 44/2014/ND-CP regulating land prices is especially necessary”, HoREA Chairman proposed.
In addition, HoREA also believes that there are a number of reasonable proposals from associations and experts but have not been approved by the drafting agency, so we would like to continue to propose adding them to the “Draft Amended Decree”. , supplementing Decree No. 44/2014/ND-CP” with 3 issues.
Firstly, it is recommended to re-arrange the “order of priority from sources of information on land prices” in Clause 2, Article 5b of Decree 44/2014/ND-CP in the direction of prioritizing the selection of “sources of information on land prices”. of state management agencies.
Second, HoREA proposed to amend and supplement Clause 8, Article 1 of “Draft Decree 44” to supplement Article 5d of Decree No. 44/2014/ND-CP on “sequence and content of determining land prices according to the method excess”.
Finally, HoREA proposed to amend and supplement Clause 9, Article 1 “Draft Decree 44” to supplement Article 5e of Decree 44/2014/ND-CP on “sequence and content of determining land prices according to the systematic method”. land price adjustment number”.
According to a report by the Department of Natural Resources and Environment of Ho Chi Minh City on the results of granting certificates of land use rights, ownership of houses and other assets attached to land (pink books) in development projects Commercial housing in the area by July 2023, the city has issued 110,016 units, the number of unissued apartments is 81,085 units.
Notably, tens of thousands of these apartments have had appraisal documents to qualify for issuance of pink books but have not been able to issue them, due to many reasons such as: Waiting for taxes; late submission of documents; review additional financial obligations; new type of real estate… and is in the process of inspection and investigation.
In particular, more than 5,000 cases have not been issued pink books just because the investor has not completed additional financial obligations.