Ministry of Construction inspects the sale of social housing at a higher price
The Ministry of Construction said it will inspect real estate business activities, including price differentials in social housing projects.
Recently, a series of social housing projects have appeared selling diplomatic quotas at prices hundreds of millions of dong higher.
At the regular press conference of the first quarter of 2023 of the Ministry of Construction held on the afternoon of April 24, Mr. Hoang Hai - Director of the Department of Housing and Real Estate Market Management (Ministry of Construction) said that the Ministry has sent a document to the Department of Construction of the provinces, advising on regulations on penalties for violations.
Currently, the conditions and procedures for buying and selling social housing are very strictly regulated. “In the Ministry’s plan, in the middle of this year, there will be a working session with localities, including those related to real estate business. The Ministry will conduct inspections of real estate business activities, including the sale of price differences at social housing projects,” said Mr. Hai.
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| The Ministry of Construction will inspect social housing projects that are selling at hundreds of millions of dong in price differences. |
Discussing further on this issue, Deputy Minister of Construction Nguyen Van Sinh said that the Ministry has requested localities to review, inspect, and handle to ensure proper implementation of regulations on buying and selling social housing.
“In the coming time, the Ministry will continue to request localities to step up inspections and strictly handle violations to properly implement the policy. Social housing policies will not be exploited. In addition, synchronous solutions will be implemented to promote construction to create new supply sources for the market,” Deputy Minister Nguyen Van Sinh affirmed.
According to the report of the Ministry of Construction, in the first quarter of 2023, the whole country has 1 social housing project with a scale of 300 newly licensed apartments; 5 projects with a scale of 1,908 apartments eligible to sell future housing; 4 projects with a scale of 934 apartments have completed construction.
The report also said that 397 projects are being implemented with a scale of 453,426 apartments. Of these, 152 projects with a scale of 153,426 apartments are under construction; 245 projects with a scale of 300,000 apartments are undergoing investment procedures.
