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VietNamNews

Ha Noi fails to meet red book goal

Update: October, 10/2014 - 09:11
The municipal Department of Natural Resources and Environment said on Wednesday that so far only about 21,110 red books had been issued to house owners.— Photo tinmoi

HA NOI (VNS) — Ha Noi is not likely to be able to meet its target of granting 40,000 house ownership certificates, also known as "red books", this year.

The municipal Department of Natural Resources and Environment said on Wednesday that so far only about 21,110 red books had been issued to house owners.

This was revealed at a workshop held on Wednesday to seek solutions to the slow processing of ownership papers.

Deputy Director of the department, Nguyen Huu Nghia, said the number of people who had applied for red books was not as high as expected.

This was partly because many investors in housing projects failed to provide the proper legal documents to complete registration procedures for apartment owners, he said.

Also, many apartment owners resold or transferred their houses illegally, without legal confirmation from municipal Department of Construction. This made if difficult to complete legal documentation for the red books, he said.

To speed up the granting of red books, Nghia proposed that the municipal People's Committee demand housing project investors to quickly submit documentation so house-owners could receive their red books of ownership.

Committee vice-chairman Vu Hong Khanh said it was compulsory for land and house owners to get red books to ensure their legal rights and interests. He urged the Department of Natural Resources and Environment to speed up the process of granting the books.

He said housing investors must submit enough legal documents to authorised registration offices to help apartment owners get red books as soon as a property was sold. — VNS

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