The Ho Chi Minh City People’s Committee has asked relevant agencies to take measures to tackle obstacles and promote the safe, healthy, and sustainable development of the southern city’s real estate market.

Any official found to create obstacles in tasks relating to approving planning, carrying out investment procedures, licensing, and bidding, and appraising land and property prices will be strictly punished, according to municipal authorities.

The People’s Committee also asked relevant agencies and sectors to coordinate in reviewing and appraising real estate projects, speed up administrative reform, and accelerate the completion of administrative procedures to help hasten the implementation of real estate projects.

The Department of Planning and Investment was instructed to coordinate with other departments and agencies to work directly with real estate enterprises facing difficulties or having delayed projects, to identify why and take measures to remove any obstacles.

The Department of Construction, meanwhile, is responsible for consulting the People’s Committee on building a plan to develop social housing by 2030 to implement government plans to build at least 1 million social housing units for low income earners and workers at industrial parks in the 2021-2030 period.