HCMC – The HCMC Department of Natural Resources has mapped out a plan for issuing ownership certificates to 81,000 apartments, reported the Vietnam News Agency.
According to a report sent to the city government, the department divides commercial housing projects into six groups. Of which, group 1 includes 8,159 apartment units that have yet to receive ownership certificates but face no legal problems and await a confirmation on the completion of financial obligations from tax authorities.
The department will directly work with the relevant tax authorities and businesses to complete handling the certificates for these projects in six months.
There are around 30,061 apartment units in group 2 whose application documents for ownership certificates have not been submitted to the competent authorities. The department will work with businesses and urge them to prepare documents in the third quarter of the year.
Group 3 comprises 29 projects with 10,019 apartment units, a new type of property that has yet to be governed by any regulatory document. This month, the department will provide training for granting ownership certificates for construction works attached to commercial land in compliance with Decree 10 of the Government.
Meanwhile, 19,958 apartment units of 39 projects in group 4 must implement additional financial obligations.
Six projects with 4,653 apartment units in group 5 now face other legal issues, which the Department of Natural Resources and Environment will study and develop solutions in the second and third quarters of this year.
The last group includes 18 apartment projects with 8,235 units under inspection.