Facing difficulties, Thanh Ha Urban Area (sub-area 1) urgently requests solutions.

The investor of Thanh Ha Urban Area (Phase 1) urgently requests Quang Nam province to resolve difficulties.

Facing difficulties in obtaining land use right certificates for individual plots and financial pressure, the investor of Thanh Ha Urban Area (Phase 1) urgently requests the Quang Nam Provincial People's Committee to resolve the issue.

The Office of the People's Committee of Quang Nam province has forwarded a document from Royal Capital Group Joint Stock Company to the Department of Natural Resources and Environment requesting urgent assistance in resolving difficulties in granting land use right certificates for individual plots in the Thanh Ha Urban Area housing project (sub-area 1) in Thanh Ha ward, Hoi An city.

According to feedback from the investor of the Thanh Ha Urban Area project (sub-area 1), Quang Nam province has issued a document addressing the issues of land subdivision, registration of changes, and issuance of certificates to transferees for housing construction investment projects.

The Quang Nam Department of Natural Resources and Environment has also announced the results of the inspection of the current land use status and conditions for transferring land use rights at the Thanh Ha Urban Area project (sub-area 1).

Thanh Ha Urban Area Project (Phase 1).

However, the company was only allowed to process the issuance of certificates for 33 lots in Block C29, out of a total of 315 lots that had been approved by Quang Nam province for subdivision and issuance of certificates for individual lots.

According to feedback from Royal Capital Group Joint Stock Company, the process of issuing land use right certificates for individual plots at the Quang Nam Land Registration Office and the Hoi An Branch of the Land Registration Office is currently facing many difficulties.

Despite numerous written commitments to fulfill financial obligations, the Quang Nam Land Registration Office has yet to approve the company's application for land use right certificates for the individual plots within the 315-plot group.

According to Royal Capital Group Joint Stock Company, the company has fulfilled its financial obligations, paying more than 695 billion VND to the State budget since May 2022. Adding bank loan interest, the total investment cost for the project is approximately 910 billion VND.

Royal Capital Group Joint Stock Company stated that it is facing immense financial pressure if it is not allowed to proceed with the procedures to apply for land use right certificates for the odd-numbered lots out of a total of 315 lots in the Thanh Ha Urban Area project, phase 1.

Royal Capital Group Joint Stock Company requests that Quang Nam province promptly issue directives and specific guidelines for applying for land use right certificates for individual plots, so that the company can conduct buying, selling, and mortgaging activities with banks.

Source: https://baodautu.vn/batdongsan/chu-dau-tu-khu-do-thi-thanh-ha-phan-khu-1-khan-thiet-de-nghi-tinh-quang-nam-thao-go-kho-khan-d219984.html