Thu Thiem New Urban Area in District 2. — VNA/VNS Photo Quang Nhut

The city will check housing and land quantity, area, shape, position, legal documents, management, purposes for use, as well as the current housing and land usage of offices, organisations, enterprises and individuals.

The city will fine violators of regulations and withdraw land use licences of State-owned vacant houses and land or those that were taken illegally.

The city's People’s Committee has told relevant agencies including the Department of Natural Resources and Environment to strengthen checks and supervision after issuing certificates of land-use rights.

The department is expected to check the leases of State-owned land that rent at low prices and then set up a proper price framework. This land should also be withdrawn to create a fund for build-transfer (BT) projects, the committee said.

Land-use right certificates which have been blocked for two years must also be dealt with because they had delayed real estate projects in the city, according to the committee.

The People’s Committee has also instructed the Department of Finance to approve and allocate capital for bidding of land-use rights for four land lots in the Thu Thiem New Urban Area and for 3,790 apartments in District 2’s Binh Khanh Ward.

The department has been asked to petition the Ministry of Finance for detailed guidance on the rearrangement of State-owned property.

In addition, the Department of Construction is expected to assess the effectiveness of State management of its own housing and land, and then consider a unified management model.

A price framework for leasing of State-owned houses and land for production and business purposes should also be established by the department, the committee said. It should match market prices and comply with existing regulations.

According to the Department of Natural Resources and Environment, compensation to and assistance for resettlement of residents related to major projects should be completed. Projects include construction of metro line No.2 from Ben Thanh Market in District 1 to Tham Luong Depot in District 12, Thu Thiem New Urban Area in District 2, Sing-Viet Urban Area in Binh Chanh District.

The department plans to put up for bid 10 land lots covering more than 11 hectares, and to implement procedures for bids on 19 lots covering nearly 34 hectares. — VNS

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