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Giang Dien Serviced Residential Area Project (Area A): Hundreds of customers are tired of waiting for the red book


Having paid 95-98% of the land purchase price, but over the past 10 years, hundreds of customers at the Giang Dien Serviced Residential Project (zone A, in Giang Dien commune, Trang Bom district) still have to languish. waiting because the certificate of land use right (red book) has not been received from the investor.





Hundreds of customers buying land at the Giang Dien Serviced Residential Area project (area A) are tired of waiting for the investor to hand over the red book. Photo: P. Tung
Hundreds of customers buying land at the Giang Dien Serviced Residential Area project (area A) are tired of waiting for the investor to hand over the red book. Photo: P. Tung

Giang Dien Serviced Residential Area Project (zone A) is invested by LDG Investment Joint Stock Company (LDG Company).

* Investor mortgages 894 red books

The project of Giang Dien Serviced Residential Area (area A) was granted a decision approving the investment policy in 2016 with a scale of more than 94 hectares. Up to now, with the first phase of the project (about 1ha), the investor has basically implemented the construction and completed the technical infrastructure items; at the same time, completing the construction of 41 social infrastructure item as a trade center (currently being tested and put into use). Meanwhile, with phase 1 (more than 2ha), technical infrastructure items have not been completed.

During the project implementation, the investor has signed a number of contracts in principle of real estate transactions with people but has not yet fulfilled the commitment to transfer land use rights. This has caused a lot of frustration for customers buying land at the project.

Mr. Le Truong Son, representative of customers buying land at the project Giang Dien Serviced Residential Area (zone A), said that hundreds of people have bought land at the project, most of them have paid for the investor since then. 95-98% of the land fee but so far have not received the red book. “Bought land for more than 10 years but did not receive the red book, could not build a house. Many people, due to waiting too long without being able to build a house, had to leave their hometown," said Mr. Son.

Meanwhile, after a long time of waiting, Mr. Dang Xuan Quynh, a customer who bought land at the project said that the customer spent money to buy land, but the waiting time to receive the red book was too long, so very tired. The aspiration of most of the current customers is that the investor quickly completes the procedures to hand over the red book to the people.

According to Mr. Tran The Vinh, deputy director of the Department of Natural Resources and Environment, during the project implementation, LDG Company submitted an application for red book issuance and the Department of Natural Resources and Environment signed to issue 1.658 red books of the above land plots. .

On the investor side, a representative of LDG Company said that out of 1.658 red books that have been issued, this enterprise has brought 894 red books as mortgages at credit institutions. By June 6, the company has mortgaged 2023 red books, the remaining 298 books are still mortgaged.

* Dissolve the red book mortgages as soon as possible

Recently, at a meeting with citizens of the Giang Dien Service Residential Area project (area A) of the Provincial People's Committee, Mr. Nguyen Khanh Hung, Chairman of the Board of Directors of LDG Company, apologized to customers and state agencies. . Mr. Hung said that the project has been implemented for a long time, the company's aspiration is to complete and hand over land and red books to customers.




According to the Department of Planning and Investment, currently, the Giang Dien service residential area project has expired. Therefore, to extend the project implementation time, the Department of Planning and Investment will review the investment capacity of the investor, LDG Company. At the same time, the investor must carry out deposit procedures to secure the project performance to serve as a basis for considering extending the project implementation time.

Mr. Hung committed in 2023 to take all the red books mortgaged at the bank and hand them over to customers; at the same time, commits to complete the project investment on schedule when it is extended.

Also at this meeting with citizens, Vice Chairman of the Provincial People's Committee Vo Van Phi suggested that LDG Company strictly implement the commitments committed to customers. "With the red books mortgaged by the bank, the company needs to release the mortgage as soon as possible" - Vice Chairman of the Provincial People's Committee Vo Van Phi emphasized and asked the Department of Planning and Investment to monitor and urge the investor to implement. deposit procedures, appraise the financial capacity of the investor, review the structure of the total project investment in accordance with regulations to serve as a basis for extending the project implementation. After the investor completes the procedures, the Department of Planning and Investment will handle the project extension.

The Department of Natural Resources and Environment inspects and reviews all legal documents and procedures on land related to the project; monitor mortgage registration and release of red books of the investor in accordance with the law.

The Department of Construction continues to inspect and urge LDG Company to urgently complete investment in service and technical infrastructure projects that have been licensed for construction; receive the report on completion of the work and send it to the Department for inspection, handling and acceptance.

Pham Tung

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