Wednesday, October 26 2016


House owners to benefit from HCM City proposal

Update: November, 04/2015 - 16:44
About 40,000 houses in HCM City were bought without any legal contracts being signed, posing difficulties to the buyers in getting their land-use right certificates. — Photo

HCM CITY(VNS) — The HCM City people's committee has proposed that land-use certificates should be granted to people who bought houses without signing valid contracts between July 2004 and January 2008.

About 40,000 house owners in the city will benefit if the proposal, sent to the government and the environment and natural resources ministry, is approved.

In order to get the certificates, the house owners must fulfill their financial obligations to the government such as paying taxes and ensuring that the land/ house is not under dispute and facing any complaints.

The move was expected to ensure the rights of the house owners, the city authorities said.

More than 92 per cent of the 1.52 million house owners in the city have been granted land-use right certificates and house ownership certificates as of last year.

More than 116,600 land and house owners have not received their certificates, with 23,000 of them not wanting the documents and the rest having failed to meet the requirements.

Among those house owners who are not qualified to receive the certificates, 40 per cent bought houses after July 2004 without signing authorised contracts, 23 per cent had built houses against the city's housing plan and 0.4 per cent had violated land and construction laws.— VNS

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