Real-estate service center project in HCMC under discussion

Authorities of HCMC met on March 4 to discuss the construction of a real-estate service center for the country and the region, expected to be located in the city.

Le Hoang Chau, chairman of the HCMC Real Estate Association (HoREA), said that local residents and companies have had difficulty accessing information about property projects.

Some housing investors have provided inaccurate information or the municipal State agencies have not updated the list of mortgaged housing projects that have been released from their mortgages.

Besides this, some investors have mortgaged apartments that have already been sold or have sold a single apartment to multiple buyers, resulting in further disputes, said Chau.

Accordingly, the municipal vice chairman, Tran Vinh Tuyen, suggested the city develop the real-estate service center to offer all information on zoning, legal issues and the progress of housing projects. The information will be provided by the municipal departments and agencies.

The Trade and Investment Promotion Center of HCMC was asked to cooperate with the city’s departments of Construction, Natural Resources and Environment, Planning and Investment and HoREA to study the project. Once the project is put into service, these departments will have to provide accurate information on property projects, said Tuyen.

Also, Tuyen said that the study should mention specifically both the advantages and disadvantages of the project, as well as criteria to develop the property center on a national and regional scale.


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