Lan Phuong Real Estate Company created two "ghost" projects.

On the afternoon of July 11th, at a press conference on the socio -economic situation of Ho Chi Minh City, representatives of the Cu Chi District People's Committee answered many questions from voters regarding two residential projects invested in by Lan Phuong Real Estate Company (19B Nguyen Van Dau Street, Phu Nhuan District).

Pham Duc Hai, Deputy Head of the Propaganda Department of the Ho Chi Minh City Party Committee, and Nguyen Ngoc Hoi, Deputy Director of the Department of Information and Communications, co-chaired the press conference.

According to Mr. Nguyen Quoc Huy, Deputy Head of the Urban Management Department of the Cu Chi District People's Committee, Lan Phuong Real Estate Company's claim that it established two residential projects, Golden City Tan Quy and River Cu Chi, and that these projects were approved by the Cu Chi District People's Committee with investment approval and overall plot layout drawings, is untrue. The Cu Chi District People's Committee has never approved any residential project named Golden City Tan Quy or River Cu Chi.

Regarding Lan Phuong Real Estate Company's explanation to residents about temporarily suspending construction on the project – that it had to "comply with Document 12312/UBND-QLĐT dated December 25, 2020, of the People's Committee of Cu Chi District on the overall adjustment of rural new construction planning projects in the district" – this is also untrue.

The People's Committee of Cu Chi District affirms that it has never approved any residential project named Golden City Tan Quy or the River Cu Chi project invested by Lan Phuong Real Estate Company in the area. Photo: Rendering of the project by Lan Phuong Real Estate Company.

In Document No. 12312/UBND-QLĐT dated December 25, 2020, the People's Committee of Cu Chi District assigned tasks to the Investment and Construction Project Management Board, the Finance and Planning Department, and the Urban Management Department of the district to carry out tasks according to the functions of each unit, unrelated to the construction of the aforementioned projects by Lan Phuong Real Estate Company.

According to Mr. Nguyen Quoc Huy, based on Article 32 of the Investment Law No. 61/2020/QH14 dated June 17, 2020, and Clause 2, Article 3 of the Law amending the Law on Public Investment, the Law on Investment under the Public-Private Partnership method, the Investment Law, the Housing Law, and many other laws, the approval of investment policies for housing and urban development projects falls under the authority of the Ho Chi Minh City People's Committee. The district People's Committee does not have the authority to approve these projects. Therefore, for the Golden City Tan Quy and River Cu Chi projects, invested by Lan Phuong Real Estate Company, the Cu Chi District People's Committee did not approve them.

“Transfers of housing construction investment projects and real estate projects must ensure compliance with the laws on housing, real estate business, and other relevant laws. Investing in projects that do not meet these conditions is against regulations. To minimize losses from investing in projects lacking legal compliance, people need to thoroughly research project information before investing. For cases where investors violate legal regulations, the People's Committee of Cu Chi District regularly conducts inspections, promptly preventing and handling violations according to regulations. In cases exceeding its authority, it will report to the People's Committee of Ho Chi Minh City for guidance and action,” said Mr. Nguyen Quoc Huy.

Source: https://kinhtedothi.vn/tp-ho-chi-minh-cong-ty-dia-oc-lan-phuong-real-lap-2-du-an-ma.html