The Ho Chi Minh City Department of Construction has announced that it will inspect the legal establishment and reporting obligations of 81 real estate trading floors in the city from now to mid-November.

Trading floors subject to inspections are those established in the 2009-2017 period, with inspections to focus on their legal establishment and reporting obligations during the period from January 2022 to September 2023.

According to the Department, the move aims to implement and intensify State management over the operations of these trading floors and instruct them on strictly following laws. It will also evaluate their operations and the difficulties and problems they face, to help resolve or propose that relevant authorities resolve any issues under legal regulations.

The inspections also aim to detect and handle any violations.

Last year the Department inspected the legal compliance of 61 property trading floors that registered information on its portal from 2017 to 2022. Following these inspections, it requested that 36 businesses operating trading floors strictly follow regulations on establishment and disclosure information for properties, ensuring that all properties on trading floors fully meet regulations.