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HCMC orders close watch on land prices
Le Anh
Thursday,  Apr 12, 2018,22:58 (GMT+7)

HCMC orders close watch on land prices

Le Anh

People inspect land at a residential project in District 9, HCMC. Land prices in HCMC have soared since a Carina apartment blaze - PHOTO: LE ANH

HCMC – The government of HCMC has told the public to stay vigilant against brokers’ possible tricks to inflate land prices and district authorities to put the situation under control, said HCMC vice chairman Tran Vinh Tuyen.

At a meeting on the implementation of Decision 60 stipulating the minimum area of land which can be split into smaller pieces on April 10, Tuyen said land brokers have spread disinformation in order to inflate land prices.

Therefore, district authorities in the city must find ways to keep them from being victimized by dishonest land brokers. To this end, they must update residents on land-related issues.

Tuyen said some lots of land have been taken back by city authorities for development but their former landlords have still put these lots up for sale using scanned copies of land use right certificates.

Districts must address this problem to protect innocent people from being tricked into buying such land. HCMC police and relevant agencies must sanction those trading land illegally, he said.

Regarding the division of land into smaller lots under Decision 60, Nguyen Toan Thang, director of the HCMC Department of Natural Resources and Environment, said only six districts – 1, 6, Thu Duc, Binh Tan, Binh Chanh and Can Gio – have issued guidelines.

Tuyen said Decision 60 is intended to make it easier for local residents in need of housing to divide land into smaller pieces, so district authorities should coordinate with relevant departments and agencies to carry out the decision in a transparent manner.

Leaders of districts will be responsible for land division before the city government.

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