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VietNamNews

Authorities told to speed up granting of land titles

Update: July, 30/2012 - 09:48

HCM CITY — The Ministry of Natural Resources and Environment has asked local authorities to more carefully monitor the granting of land-use certificates or "red books" for residential projects.

A recent survey by the ministry showed that 81 per cent of house owners at 19 residential projects in Ha Noi and HCM City have no "red book".

The Phu My Thuan Residential Project located in HCM City's Nha Be District, for example, has sold 578 flats, but none of the owners have received certificates because the investors had not been paid for use of the land.

In addition, 180 flat owners at 101 Lang Ha Apartment Block in Ha Noi's Dong Da Street still have not received their land-use certificates, although they have lived there since 2007.

As for the granting of land-use certificates for housing development projects, Tran Hung Phi, head of the Registration and Statistics Department under the General Department of Land Administration, admitted that the procedure had been generally slow because of investors' violations, including breaking regulations in the housing and building code.

These have gone unenforced due in part to State agencies' careless supervision and management of investment projects.

In addition, house buyers have been reluctant to go through the necessary procedures because of their concerns about fees and taxes.

The ministry last year in August drew up detailed solutions to speed up the granting of land-use certificates.

They include frequent supervision of projects that have had slow progress, punishment of investors who violate laws and regulations, and timely granting of certificates for house buyers.

Phi promised that under the ministry's new guidelines, the certificates would be approved if investors completed the procedures and obeyed the laws on housing and building. —VNS

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