Ha Noi's red books' issuance reaches record high

Dec 12th at 13:42
12-12-2014 13:42:47+07:00

Ha Noi's red books' issuance reaches record high

Data from Ha Noi Department of Environment and Natural Resources (DENR) show that the capital city has issued more than 40,000 house ownership certificates, or red books, this year.

 

People with red books are granted land-use rights and certificates of ownership over houses and land-related properties. To date, DENR has revealed that the number of red books issued has reached 101.25 per cent of their plan.

The number of red books that Ha Noi issued in 2014 alone is noticeably higher than the combined quantity of those granted in earlier years. DENR's statistics reveal that prior to 2014, Ha Noi had granted only 36,110 red books in total.

According to Nguyen Huu Nghia, DENR's deputy director, the record high number of issued red books is attributable to the public administration reform implemented by the department this year. These reforms include clear public announcements of regulations on red book issuance and the rights and responsibilities of relevant branches. DENR also issued relevant information to avoid overlap in the implementation of the regulations.

More importantly, the screening period for red book application files was shortened from 52 days to 20 days.

According to the department leader, the red book issuance system will still face future difficulties since the demand for red books mostly come from buyers of new residential projects.

Moreover, it takes time to check the legal status of projects and determine project implementation speed. Time should also be allocated to inspect whether the investor has violated any city regulation on environmental protection and construction planning.

bizhub



NEWS SAME CATEGORY

Housing spaces increase in HCM City

An additional housing space of 8.3 million sq.m was developed in this southern city this year, reported Municipal People's Committee Vice Chairman Hua Ngoc Thuan.

Vingroup sets up another Vinhomes company

Vingroup (VIC) established another Vinhomes real estate company with a charter capital of VND6 billion (US$282,000) in early December, the group announced on the...

Realty inventories down by VND50 trillion

Real estate inventories fell 39%, or VND50 trillion, to VND77.8 trillion compared to last year’s first quarter, according to the Ministry of Construction.

Tan Hoang Minh persists with luxury property projects

Despite facing accusations of lengthy delays in some of its luxury projects in inner Hanoi, the Tan Hoang Minh Group last week confirmed it planned to start yet...

More time for investors to change housing projects

Investors are allowed to change the number of apartments at their housing projects or convert their apartment projects into budget housing or service buildings...

Measures to prop-up real estate market

Leading economists say it is essential to have a separate financial system that is not run by State-owned banks to insure lending is based on merit, reduce the risk...

Kem Nghia to build $14 million plant

Ho Chi Minh City-based Kem Nghia JSC on November 26 received an investment certificate to build a $14 million plant in the city’s Tan Phu Trung Industrial Park.

Phu My Hung unveils new apartment model

The Phu My Hung Development Corporation unveiled a third kind of apartment at its Scenic Valley project in District 7 last week.

Savills to showcase resort properties at Ly Club

 Savills Viet Nam will host an event to introduce its resort properties at the Ly Club in District 3 on December 6.

Tourist realty lures $1.8bn in Da Nang

Tourist real estate remains a favourite investment magnet in this central city, attracting 25 foreign direct investment (FDI) projects worth US$1.8 billion.

Real estate stocks

Construction stocks


MOST READ


Back To Top