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"Block" before the type of real estate market today

Sunday, June 16, 2013

"Interest groups in land speculation recently demonstrated in the basic allocation for the new urban projects, commercial sales, as a result, leads to the real estate market today. That will be the next stop "...
Minister of Natural Resources and Environment (the agency in charge of drafting the revised Land Law) Nguyen Minh Quang discuss the latest adjustment in the bill.

The draft law will be amended Land Congress for adequate duration with a full day of work today (17/6) to discuss, consider one last time before passed in this session as scheduled. To this point, the view of the land acquisition for the project is economic and social adjustments, changes, said Minister?

This issue, the amended law clearly stipulated that the socio-economic projects will specifically look at what's included, how the name, for example, make the project economic, social housing, some ODA projects ... which lists specific to each project to see what is its nature. If you want to land acquisition by the state, would like to invite investors to the industrial park, or join land auctions.

Can be generalized criteria to ensure each project to be put on the area of land acquisition?

The project needs to be able to recall the contents in the service of national interests, public interests, ie, whether the project is economic, but also to serve national interests, public interests the state will recover. The project is developing different economic enterprises stand to deal with people.


Minister of Natural Resources and Environment Nguyen Minh Quang: "The speculators are deeply when real estate is sold, will no longer price speculation and market manipulation" (photo: Vietnamese Hung).
Ministers say the cases do projects on new urban centers - one of the "stork" phenomenon caused land claims sizzling past will continue to be entitled to the mechanism of land acquisition?
That kind of project can also see that the subject project serves the public interest, we can still recover the land. But in general do very closely. Recently we were "released" to the many people that are benefiting big businesses while the loss is not worth much land interests. Basically, this draft will overcome the shortcomings of the old law.
Regulations on land acquisition in the Land Act are building something so warped from the provisions of this Constitution modifier?
According to what I buckled. There have also been suggestions that waiting through the Constitution and the Land Act be passed, but we still modify the proposal passed by Parliament in this session because the current Constitution actually specify the building The most common problem alone, do not go into the specifics, let the law. Property regimes and mechanisms for land acquisition is the second biggest issue was not debatable land law should be issued at this time is appropriate, not later warping the Constitution.
But clearly, the latest draft of the constitution was not unified view of land acquisition for the socio-economic projects. Law on Land, and split to split the project in the project group to serve the national security, national interest, public interest ... It is said that this is an agency of the spleen editor?
Nothing spleen because these are matters within the authority of law. The Constitution only requires common problems, can not get too specific on things.
So how to separate purely economic project to project to both social factors may exclude land acquisition for a variety of capital projects are long pressing, Mr. Minister?
The list of social and economic projects have been fully reflected in the law would also stated. For example, major projects such as the state's economic and industrial recovery ... the state. But agricultural processing projects, such fisheries, if not in the industrial park have to deal with people.
Another problem is equally "hot" in the land claim is when the price of land acquisition compensation. This time compensation issues, compensation for land acquisition will be addressed how the principle is "the price the market" or "market match"?
Basically would be in line with the market, the price bracket also considering it. But the problem comes to the market, in fact, now our market is not stable at all. Our market is hot markets, speculative markets should just say the market price, but the market is not ready so, how accurate is the construction cost. The market must be defined in terms of stability, normal, removing the element of speculation.
So here will be held for counseling costs. Organizations pricing is an independent organization. Identify land prices due to price consulting organization also determines the specific price is considered by the local Committee on the basis of cost consultancy.
So that is still not overcome the price difference between the frame and the actual transaction price?
It still has to go back to the issue price but the market is clearly past the basic price is the price the market speculation and we can not keep that thing.
Currently, speculators sinking while real estate sales, no one jumped on it again, how valuable is speculation. Of course the price must state regulations but are based on reference markets (markets in stable condition, normal).
It is known that two major purposes of the Land Act amendments is to reduce and prevent claims group benefits. The key in the law can help solve this for 2 goals?
As I said, the mechanism of land acquisition, the inadequacies of the old law would now be substantially improved. In addition, for claims issues, there is a very important content set is now finished in the red book as it relates to the practical interests of the people. Already people because there is no red window, not the land use right certificate should be revoked while often marginalized, not accepted compensation so people will inevitably claim.
When no red book, board compensation and ground clearance usually just accept the loss of land to support a certain level, there is the red book value 100% compensation. If all of the red book, we will manage and this issue will be resolved. Currently it is also very difficult because of lack of money, but we're going to do.
Ministers believe the Land Act Amendment would block group benefits?
Benefits previous group, reflected in the basic allocation for the new urban projects, commercial sales should lead to a result that real estate markets as we currently understand. It would have been prevented.
Thank you!

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