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Provinces, cities lined up for property trading floors

Update: October, 05/2013 - 09:54

HA NOI (VNS)  — Provinces and cities could be granted permission to establish property trading floors at state administrative offices, according to a draft of the amended real estate trading law made by the Ministry of Construction.

Under the draft, the office would provide services related with property transactions and the collection of fees. The Government would introduce specific regulations on the procedures of establishing and operating such floors.

The ministry said the draft also stipulates that no property trading floors can receive investment. The floors play an intermediary role for facilitating transactions and receive fees from these deals.. — VNS

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