Thừa Thiên Huế Strengthening management and preventing property price inflation
The Chairman of the People’s Committee of Thua Thien Hue Province asked the authorities to find solutions to prevent and strictly deal with acts of “price gouging” and real estate speculation.
The Thua Thien Hue Construction Department said that Chairman of the Thua Thien Hue Provincial People’s Committee Nguyen Van Phuong had just signed and issued Directive No. 22/CT-UBND on Strengthening Management and Construction. control of property price fluctuations in Thua Thien Hue. province.
Accordingly, the chairman of the Thua Thien Hue Provincial People’s Committee asked departments, branches and localities to organize the serious and effective implementation of legal regulations related to the real estate sector or coordinate with other agencies or units on request. Continue the implementation of the project to prevent tax losses in real estate transfer transactions in Thua Thien Hue Province until 2025, according to the assigned functions and tasks.
The chairman of the Thua Thien Hue Provincial People’s Committee instructed the provincial police to preside over and coordinate with relevant authorities the inspection and supervision of real estate transaction activities, ensuring compliance with the law. Strictly detect and deal with acts of “price inflation” and real estate speculation, thereby helping to stabilize the real estate market.
| Thua Thien Hue’s real estate market will start to recover by the end of 2024. Photo: Ngoc Tan |
At the same time, the Construction Department was tasked to chair and coordinate with the Planning and Investment Department, the Natural Resources and Environment Department and the District People’s Committee to inspect and review real estate activities of companies and investors. floor, real estate brokerage in the province.
In addition, the chairman of the Thua Thien Hue Provincial People’s Committee also instructed the Ministry of Construction to coordinate with the Ministry of Natural Resources and Environment and the Ministry of Justice to organize inspections, tests and to take steps to correct price gouging and price manipulation. , speculation, handling violations of land law, real estate business law and related laws (if any) in accordance with the authority.
Take the initiative to coordinate with localities to build and manage information systems on the housing and real estate markets in accordance with the provisions of Government Decree No. 94/2024/ND-CP of July 24, 7. Government detailing a number of articles of real estate business law relating to the construction and management of information systems and databases on housing and the real estate market.
Chair and coordinate with the Department of Information and Communications the public announcement of information on the real estate market in accordance with regulations and on the Hue – S platform of real estate investment projects in progress (actual situation) currently…); Publish information for agencies, organizations and individuals to clearly understand housing development programs and plans; construction planning; publicly announce information on real estate trading rooms; organizations and individuals offering real estate brokerage services; Organizations and individuals providing consulting services and property management services; project investors are eligible to raise capital in accordance with regulations to ensure market information transparency, prevent fraud, deception and fraud in the real estate sector, and publish housing and real estate market information in accordance with regulations on the Ministry of Construction website.
Concerning the Department of Natural Resources and Environment, the Chairman of the Thua Thien Hue Provincial People’s Committee tasked this department to chair and coordinate with the Department of Finance and the Provincial Tax Department to organize inspections, understand the situation and clarify the causes of price fluctuations. . land in the area in the recent period; proactively propose regulatory measures to the Provincial People’s Committee to ensure stable, healthy and sustainable market development.
Coordinate with the Ministry of Construction the inspection and review of the real estate activities of enterprises, investors, real estate trading floors and real estate brokers in the province. Order agencies and functional units under their authority to review the organization of auctions of land use rights in the area to ensure compliance with the law, publicity and transparency; promptly detect and strictly deal with cases of violation of legal regulations during land use rights auctions, prevent acts aimed at taking advantage of land use rights auctions to make a profit and disrupt the market.
It is known that recently, the real estate market in Thua Thien Hue has started to recover. In particular, the third quarter of 2024 is the period that marks the “warming up” of the Thua Thien Hue real estate market.
According to the Thua Thien Hue Construction Department, at the end of the third quarter of 2024, the number of real estate transactions in Thua Thien Hue province increased compared to the second quarter of the same year. As a result, the total value of real estate transactions as of the end of the third quarter of 2024 reached VND 279,243.15 trillion; an increase of almost 65 billion VND compared to the previous quarter. The transactions mainly concern apartment products (26 units) and single-family houses (26 units) in projects located in urban areas. Hué and its surroundings.
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