Sixty real estate projects transferred to the Government Inspectorate for review.

Regarding the story about the Ministry of Finance proposing to inspect 60 real estate projects, Deputy Minister of Finance Do Hoang Anh Tuan said that the proposal to inspect these projects was carried out under the direction of the Prime Minister.

The Truong Thanh 2 apartment and townhouse complex, developed and constructed by Truong Thanh Co., Ltd. in Block 5, Truong Thi Ward (Vinh City) - where an accident resulting in the death of a 10th-grade student occurred - had not been granted a construction permit. (Illustrative image)

These are projects subject to a review of land use status of equitized enterprises, conducted from July 1, 2014 to 2016.

After reviewing the 60 projects, for those showing signs of violating Article 118 of the 2013 Land Law and causing public outrage, the Ministry recommended that the Government direct the Provincial People's Committees to suspend the ongoing projects and take measures to prevent and rectify the situation.

According to Deputy Minister Do Hoang Anh Tuan, in implementing the Prime Minister's directive to the Government Inspectorate to inspect and audit the land use situation in Ho Chi Minh City, the Ministry of Finance has forwarded a list of 60 projects to the Government Inspectorate for reference in selecting high-risk projects for inspection and audit.

Deputy Minister Do Hoang Anh Tuan stated that the Ministry of Finance fully agrees with the Ho Chi Minh City Real Estate Association's recommendations regarding these projects.

For example, there is a proposal to the Government to amend the Land Law regarding the land valuation mechanism and the land bidding mechanism. In fact, a company in Ho Chi Minh City successfully bid on land and sold it for over 1,400 billion VND, while the starting price was only 580 billion VND.

Or, allow developers who have violated regulations to continue construction, but with a commitment to comply with all legal regulations and obligations as determined by inspections and audits. At the same time, ensure the rights of buyers are protected.

"Consumers buy at market prices, but investors buy at non-market prices to sell at market prices, so the difference cannot be borne by consumers, but by investors," Deputy Minister Do Hoang Anh Tuan quoted the proposal of the Real Estate Association.

"Danger lurks in the Quang Trung apartment complex."

Conditions for investing in the construction of apartment buildings for sale to workers.

According to Thach Hue/baotintuc