Binh Duong Department of Construction provides information on many real estate projects

The Department of Construction said that many projects in Binh Duong province are not eligible for transactions. The Department will review and inspect and people need to be careful when buying projects.

Many projects do not meet the conditions

Recently, in Binh Duong province, there have been many real estate projects being developed by investors. There is a lot of advertising information on the market, many brokerage companies hold kick-off ceremonies, inviting customers to buy projects.

However, some projects still do not meet legal conditions, have not been bought, sold, transferred, or mobilized capital in any form, and especially have not been recognized by the Department of Construction of Binh Duong province as eligible to sell public housing. become in the future.

On the afternoon of April 23, during a press conference to inform about the economic, political and social situation in Binh Duong province, representatives of the Department of Construction publicly announced information about a number of real estate projects. In this province, there are not enough conditions to mobilize capital and there are not enough legal regulations according to the provisions of law.

Exchange with Reporter, Mr. Huynh Pham Tuan Anh, Deputy Director of the Department of Construction said: “Currently in the province there are many real estate and housing projects… that do not meet legal conditions and have not yet mobilized capital. All projects are publicized by the Department and have many measures to warn and prevent illegal capital mobilization in many forms.”

The Deputy Director of the Department of Construction pointed out projects that do not meet legal conditions and have not been licensed by the Department for trading. For example, the high-rise apartment project block B4, belonging to the Song Than building complex, Charm Plaza 1 complex (trade name Charm Diamond) is invested by DCT Partners Vietnam Co., Ltd. (DCT Group) under the Group. Charm Group is the investor.

Project of high-rise apartment complex combined with commercial office services (trade name Picity Sky Park) in An Binh ward (Di An city, Binh Duong province), Picity Sky Park project invested by Guest Joint Stock Company Kim Son Investment Hotel is the investor, Pi Group Investment and Development Joint Stock Company is the developer.

Or the SYCAMORE project in Thu Dau Mot city has a scale of more than 18 hectares, with nearly 3,500 apartments being developed by Capitaland Group.

Mr. Huynh Pham Tuan Anh said that for the above projects, the Department of Construction of Binh Duong province has not received a document from the investor requesting approval on eligibility to mobilize capital or buy and sell housing. formed in the future…

“The projects mentioned above do not meet all legal conditions and have not been allowed by the authorities to qualify for capital mobilization, capital contribution… approval to sell housing to be formed in the future. Brokerage companies and companies affiliated with investors that organize capital mobilization in all forms violate the provisions of law,” Mr. Tuan Anh informed.

Only buy a house when it’s legal to avoid risks

Reality shows that currently, many investors, project development companies, and brokerage units “circumvent the law” by organizing buying and selling to mobilize capital in forms such as “Priority Vouchers”. advance payment, deposit form, registration form…”. However, according to authorities, these are civil transactions between people and companies, so the risk of disputes is possible.

According to information from the Department of Construction of Binh Duong, many projects that initially applied for investment policies and 1/500 planning have been approved, but some trading floors have not yet been allowed to sell and have mobilized capital from customers.

However, the investor requested to adjust the project, adjusting 1/500 according to the new planning. This lengthens the project completion time, so there have been a number of lawsuits and complaints that have affected home buyers.

There are even projects that are nearly completed but still cannot be put into use or handed over to people because of legal problems and prolonged litigation between customers, investors, project developers and other stakeholders. brokerage floor.

Mr. Huynh Pham Tuan Anh said: “To limit the fact that investors and project development units ‘shake hands’ with brokerage companies to buy and sell and mobilize project capital without meeting legal conditions, The Department of Construction has asked investors to commit not to sell goods or receive money from people. In addition, the Department also has many written reports and recommendations throughout the province, thoroughly coordinating with local authorities to strictly manage projects in the area.”

“The Department of Construction of Binh Duong province directs its affiliated units to carry out propaganda and clear information about projects that do not meet business conditions. To be more practical, the Department coordinated to install a series of warning signs before the project. Publish information continuously on the Department’s website. During press conferences, Department leaders also shared with press officials about the project’s legal situation to widely communicate with people and customers,” Mr. Tuan Anh shared.

“Projects that are eligible for business, capital mobilization, and signing contracts to sell houses to be formed in the future are all announced by the Department of Construction of Binh Duong province on the Department’s website. Therefore, before buying and selling real estate, people need to carefully research the information. Like looking up online, at local authorities… This is very necessary and avoids unnecessary risks,” Tuan Anh added.

In addition, the Deputy Director of the Department of Construction of Binh Duong province recommended that people should not trust too much in brokers, advertisements or information posted on social networks about real estate.

“The authorities regularly advise people to understand and pay attention to avoid transferring money to units and then incidents occurring. Transactions between people and brokerage companies are all civil transactions, so if there is a dispute, the procedures prescribed by law must be followed. For example, if you send a petition to the court to have it resolved, then the matter will be more complicated,” Mr. Tuan Anh warned.