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Thursday, April 25, 2024

HCMC issues over 22,000 home ownership certificates in 2023

The Saigon Times

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HCMC – More than 22,140 home ownership certificates were issued to residents in HCMC last year, according to the HCMC Department of Natural Resources and Environment.

These certificates account for 25% of the total number of units without ownership certificates, with over 32% of them being the newly-issued certificates.

VND7,781 billion in personal income tax and registration fee was collected last year when these home ownership certificates were issued, said the department.

The department earlier said that 81,085 apartment units of housing development projects in HCMC had not had ownership certificates due to hindrances such as administrative procedure delays, financial obligations and inspections.

To expedite the ownership certificate issuance process, the department has categorized the obstacles into major groups, including legal issues, pending certifications for financial obligations, new property types, additional financial obligations, and delayed submission of requests for home ownership certificates.

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