HCM City has new land coefficient for infrastructure upgrades

October 09, 2019 - 06:27
The HCM City People's Committee has approved new figures to pay compensation and calculate new land prices in urban infrastructure upgrade project areas.


HCM CITY — The HCM City People's Committee has approved new figures to pay compensation and calculate new land prices in urban infrastructure upgrade project areas.
To calculate the compensation to be paid, the land price will be multiplied by the new coefficient. The coefficients for different land categories are revised to ensure set land prices are closer to market prices. 
The coefficient for land in an embankment project in Rạch Lá Hamlet in Cần Giờ District, for example, will be adjusted to 9.75 for residential land and 7 to 7.9 for agricultural land.
The coefficient for the embankment upgrading project in An Hòa residential area will be 9.7 to 9.8 for residential land, while agricultural land will have a new coefficient from 6.2 to 7.7
In addition, the coefficient for Soài Rạp River embankment project in Cần GIờ District will be from 9.8 to 10 for residential land and 6.2 for agriculture land.
The new coefficient for resettlement areas for people living near the embankment project in Bình Trường Hamlet in Cần Giờ District will be 14.1-14.8.
The coefficient for resettlement areas for the drain project in Phú Xuân Commune in Nhà Bè District will be adjusted to 8.7.
Thus, to pay compensation for land for the upgrade and widening of Đinh Giao Khẩu Street in District 12, a coefficient will be arranged from 11.9 to 13.3 for residential land and 13.2 to 16.5 for agricultural land.
For the Hưng Long primary school project in Hưng Long Commune, Bình Chánh District, the coefficient for agriculture lands will be arranged from 17.7 to 19.1. — VNS