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Projects using public land face obstacles
Real estate projects that use public land in HCMC are now facing multiple obstacles as no specific measures or regulations are available to guide them. The municipal government has had to consult with competent agencies on problematic projects on a case-by-case basis.
The municipal government had to seek suggestions from the Department of Natural Resources and Environment on ways to manage housing projects that had completed investment procedures or were under construction, Vo Van Hoan, vice chairman of the municipal government, told a press briefing on June 20 in the city.
For projects that have not begun, the department will suggest multiple procedures, such as selling part of the public land to project investors while the remainder is put up for auction. If public land included in a project is extremely small, they can be handed over to the project’s investor, Hoan added.
Under prevailing regulations on public assets management, even one square meter of land must be put up for auction. In one instance, when the city wanted to auction off several square meters of land left after completing a road project, no one would purchase them; however, the city could not sell the land lot to buyers living near the road due to legal obstacles, Hoan said, adding that the city had reported the problem to the competent agencies repeatedly, but no action has been taken so far.
As for violations related to the construction process for 110 villas in the Green Star Sky Garden residential project in District 7, the vice chairman confirmed the project investor, Hung Loc Phat Company, had violated laws on land use and investment, as it did not have a land use right certificate when executing the project.
The city will suspend the project in 60 days and set up a team to inspect it in two weeks. Administrative punishment will be adopted later based on the inspection results. The city will take further steps once the investor receives the land use right certificate and is subject to the fine, Hoan added.
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