May 08, 2023 | 13:35

Urgent measures needed to address obstacles in real estate projects

Nhĩ Anh

Major difficulties primarily relate to legal issues.

Urgent measures needed to address obstacles in real estate projects

Deputy Prime Minister Tran Hong Ha has asked relevant ministries, agencies, and localities to quickly take measures to deal with the difficulties and remove the obstacles facing real estate projects.

Obstacles at different levels are to be settled by appropriate authorities within a specific settlement time, and these authorities are responsible before the Prime Minister, he told a recent meeting of the Prime Minister’s working group on tackling difficulties in implementing property projects.

Meeting participants said major difficulties in implementing real estate projects relate to legal issues and a lack of consistency between master planning in localities and detailed planning in real estate projects.

Some projects face obstacles in the allocation of land fund for developing social housing projects, while some localities have been slow in identifying land prices and land use fees as well as granting land use certificates for projects.

Deputy Prime Minister Ha asked relevant ministries, agencies, and localities to quickly complete legal procedures in real estate projects and to create positive changes in the market.

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