The Department of Justice of Khanh Hoa province has just requested the Department of Justice of Ho Chi Minh City to coordinate in inspecting and handling the Cao Nguyen Auction Partnership Company’s auction of residential land without forming a residential unit in Song Lo, Nha Trang City.
Cao Nguyen Auction Partnership Company has an address in Hiep Binh Chanh ward, Thu Duc City (HCMC), registered to operate in Ho Chi Minh City, so it is not under the scope and management functions of the Provincial People’s Committee and the Department of Justice.
Previously, on October 25, Hoan Cau Nha Trang Joint Stock Company sent a document to the Department of Justice of Khanh Hoa province, including the content: Although the Provincial People’s Committee has directed to “stop procedures related to non-residential land”. forming residential units” but the bank and Cao Nguyen Auction Partnership Company still organized an auction of 75 plots of land with the purpose of use as “residential land not forming residential units” at the Song Lo project.
Therefore, Hoan Cau Nha Trang Joint Stock Company proposed to temporarily suspend the auction of these 75 plots of land while the project investor converts the land use purpose under the direction of the Provincial People’s Committee.
According to Hoan Cau Nha Trang Joint Stock Company, the People’s Committee of Khanh Hoa province has issued a document on urgently handling the content of residential land that does not form residential units in the province.
Specifically, to avoid transactions related to residential land that do not form residential units, Khanh Hoa province requires departments, branches and branches to notify affiliated units, organizations and individuals concerned to stop. Procedures related to forms of residential land that do not form residential units until the land use purpose is adjusted in accordance with the provisions of the Land Law, no longer from residential land not forming residential units.
Song Lo tourist and entertainment area project (in Phuoc Dong commune, Nha Trang city), the investor is Hoan Cau Nha Trang Company Limited (now Hoan Cau Nha Trang Joint Stock Company) has been transferred more than 44.1 hectares by the province. from production and business land to “residential land without forming residential units” with a total area of more than 38.62 hectares.
After that, the owner of the Song Lo tourist and entertainment area project mortgaged many land use rights certificates that were not in the Land Law to Nam A Commercial Joint Stock Bank for loans.
However, from July – August 2023, Cao Nguyen Partnership Auction Company still announced that it will organize a mass auction of residential land use rights that do not form residential units at the above project to recover debt for customers. Nam A Bank. In October, Cao Nguyen Auction Partnership Company continued to issue notices of property auction for the third time, which is the right to use 75 plots of residential land that do not form residential units under the mentioned project in Song Lo. , with a total starting price of more than 1,165 billion VND.
In November, Khanh Hoa province assigned the Department of Justice to preside over the inspection and clarify the report information of Hoan Cau Joint Stock Company, and at the same time take remedial measures according to regulations.
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