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Real estate transactions resumed in North Van Phong

Thứ Bảy, 11/05/2019 - 03:00

Khanh Hoa People's Committee has just issued Notice 247 on April 26, announcing the conclusion of the local government on solving problems when receiving and settling dossiers of land procedures in Van Ninh district.

Earlier, on April 22, the local People's Committee held a meeting with its Department of Natural Resources and Environment and related departments and agencies on problems when receiving and resolving land procedure dossiers in Van Ninh District.

(Photo: cafef)

(Photo: cafef)

At the notice, the Standing Committee of Khanh Hoa People's Committee agreed on some conclusions as follows:

Stopping the validation of Document No. 4391 / UBND-XDND dated May 9, 2018 by Khanh Hoa People's Committee on strengthening land management in Van Ninh district;

Assigning Van Ninh District People's Committee, Management Board of Van Phong Economic Zone to handle land records in accordance with current laws.

The Department of Natural Resources and Environment is tasked with leading and coordinating with the Department of Justice to conduct research, advising the Khanh Hoa People's Committee on the document of invalidation of Document No. 4391 before May 10, 2019, and reporting the results to the committee.

In addition, relevant agencies and units were also asked to closely monitor the situation of land market in the process of implementation to timely advise the provincial government to consider and resolve, to avoid land speculation as before.

During the five first months of 2018, after the rumor saying Van Phong district would become a special administrative-economic zone, many property investors and speculators flocked to the district to buy and sell lands, creating a so-called land fever there. This caused a dramatical price hike up, leading to the risk of instability in local economy and politics.

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