VietNamNet Bridge – The People’s Committee of the central province of Quang Nam is investigating a forged document circulating on social media that purported to show the provincial chairman’s signature on a form approving hotel, resort and recreational projects in the city of Hoi An’s Cam Nam Ward.

A new urban area west of the city of Da Nang. — VNS Photo Thu Hien

The provincial office confirmed on Monday that Document No 2153/UBND-TP, which claims to have been signed on January 3, 2018, was fake.

It said the province did not have records of any such document, and that an investigation had been opened to find out who was behind the fake document and forged signature.

According to the People’s Committee office, the content of the document focused on the approval of five luxury hotel projects and a complex of casino and recreational centres in Cam Nam Ward.

Vice chairman of the Hoi An People’s Committee Nguyen Van Son said the document did not originate from the provincial office and the city has not proposed any investment projects in the area.

Son said the fake document, which was posted on social networks early last month, had caused land price booms.

In an announcement last week, the province asked for a temporary ban on property transactions at three projects of Bach Dat Corporation – Bach Dat Expand, Hera Complex Riverside and Dien Nam-Dien Ngoc New Urban Area – for an investigation on illegal property contracts.

Most property transactions in the province were land plots where infrastructure is not available, and buyers often believed rumours of new investment projects.

Land prices in Dien Nam-Dien Ngoc had risen 300 per cent with the price of a square metre increasing from VND5 million (US$221) in 2018 to VND18 million ($796) in 2019.

Last year, a fake document was also posted on social networks claiming to show the approval of the construction of a bridge connecting Da Nang with two urban areas in Cam Le District.

In a similar incident, the People’s Committee of Hoa Vang District has warned people of recent illegal real estate transactions.

Land prices in the district shot up from VND700 million ($31,000) for a 200sq.m land plot to VND1.5 billion ($66,300) over the course of one month following rumours there would be a series of huge investment projects.

Vice chairman of the district Dang Phu Hanh said local people should be aware of rumours from brokers and speculators that cause booming land prices.

In Hoa Lien Commune, prices ballooned from VND800 million ($35,400) for a 100sq.m plot to VND1.6 billion ($70,800).

According to the city’s property association, land prices in urban projects start from VND10 million ($442) to VND15 million ($663.7) per square metre – a 30 per cent increase in 2018 – while apartment prices were fixed from VND32 million ($1,400) to VND80 million ($3,500) per square metre.

The association suggested buyers and investors come to legal property transaction centres rather than pouring money into undeveloped projects based on rumours. 

A fake document and forged signiture of chairman of Quang Nam Province on the development of series hotels and casino project in Hoi An City’s Cam Nam Ward. — Photo courtesy Quang Nam Newspaper Cam Nam Bridge connects Hoi An City and Cam Nam Ward. Rumors from broker and speculators had boomed land price in some areas in Quang Nam Province. — VNS Photo Cong Thanh

Source: VNS