Updated  
October, 06 2012 09:50:35

Property buyers need better rights protection, say experts

HA NOI (VNS)— Viet Nam needs an association to protect the rights of people who buy property, according to experts.

Viet Nam has many associations protecting large real estate investors but individuals who buy property have little protection, especially people who have bought apartments in high-rise buildings.

Le Hoang Chau, chairman of the HCM City Real Estate Association, said there are two associations protecting the interests of property buyers: the Consumer Protection Association and the Viet Nam Real Estate Association.

Chau said the main issue was that regulations on fees and management for apartment buildings were inconsistent, and the interests of people living in the apartment buildings did not receive enough attention.-VNS

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