Ministry to inspect real estate firms
Ministry to inspect real estate firms
The Ministry of Construction (MoC) will carry out routine compliance inspections on investment and business practices at many big real estate firms in 2019, including MBLand, Mipec, Lac Hong, Thuong Tin and Eurowindow Nha Trang.
The ministry said it planned to carry out 90 inspections in different sectors including planning management, transportation projects, civil and industrial projects, infrastructure, building materials, real estate investment and anti-corruption.
The ministry’s chief inspector will take responsibility for conducting the inspections and reporting to the minister.
The inspections will look at the implementation of housing regulations by many real estate projects that are under construction.
The inspectorate will look into Military Petrochemical JSC (MIPEC)’s projects including Mipec City View and Mipec Riverside in Ha Noi.
MBLand will also have its projects inspected including Square Field in Tay Ninh and Golden Field and Grand Plaza in Ha Noi.
An inspection will also be conducted of Lac Hong Investment JSC’s projects such as the N01 T5 high-end apartment complex in Ha Noi, Kim Boi Resort in Hoa Binh, Quang Ninh apartment building in Quang Ninh, Tam Dao complex and Ha Tien urban area phase two in Vinh Phuc.
Inspectors will work with Sai Gon Construction Corporation (SGCC) at its SGCC Building and Soho Premier Binh Thanh in HCM City.
Sacomreal will have Carillon 5, Jamona City, Jamona Golden Silk, TTC Plaza Binh Thanh and Jamona Heights in HCM City undergo inspections.
In addition, MoC’s inspectors will carry out inspections on State management in the construction, housing and estate sector. They will look at the licensing process for organisations and individuals in the 2015-18 period in Ha Noi, HCM City, Ha Giang, Hung Yen, Nghe An, Ha Tinh, Khanh Hoa, Ninh Thuan, Lam Dong and Binh Thuan.
Last year, the ministry conducted 93 inspections in the aforementioned sectors. It released 72 inspection results in 2018 and proposed fines of VND927.5 billion.
It also proposed handling the violations of 155 organisations and 235 individuals after its inspections in 2018.
