Last week, the National Assembly voted to pass a Resolution on the law and ordinance making program for 2025 and adjustments to the law and ordinance making program for 2024.
In particular, the National Assembly is considering the Government 's proposal to apply the 2024 Land Law, the 2023 Housing Law and the 2023 Real Estate Business Law in August 2024, which is 5 months earlier than the previous decision.
The Ministry of Construction hopes that the National Assembly will approve the Government's proposal to soon apply three laws related to the real estate market. (Photo: ST)
At the voting session on June 8, the National Assembly Standing Committee stated that the 2024 Land Law, the 2023 Housing Law and the 2023 Real Estate Business Law have many innovative and progressive provisions, which are expected by the people and society to create momentum for socio-economic development in the new period.
The early implementation of the above laws will contribute to removing obstacles and shortcomings, bringing new policies decided by the National Assembly into life, improving the efficiency of land management, exploitation and use, promoting the healthy, stable and sustainable development of the real estate market, and promoting housing development, especially social housing for workers and low-income laborers.
Regarding this issue, speaking with reporters of the Journalists and Public Opinion Newspaper, Mr. Hoang Hai, Director of the Department of Housing and Real Estate Market Management, Ministry of Construction, affirmed: All three of these laws have a positive impact on the real estate market.
In particular, the Housing Law 2023 and the Real Estate Business Law 2023 are two laws drafted by the Ministry of Construction that will create great momentum for the real estate market to recover and develop sustainably in the future. Therefore, in the context of the current slow market recovery, early application of these laws is necessary.
“Most recently, the Minister of Construction presented the advantages of the new Housing Law and Real Estate Business Law that could create a positive impact on the real estate market if applied 5 months earlier. Therefore, we hope that National Assembly Deputies will support and press the button to pass this policy,” said Mr. Hoang Hai.
Analyzing this further, the Director of the Department of Housing and Real Estate Market Management said: The Housing Law 2023 has many advantages, of which the "highlight" is creating a supply for social housing.
“The 2023 Housing Law has resolved many problems for real estate businesses as well as localities over time,” said Mr. Hai.
Specifically, regarding the allocation of land funds for social housing development, the 2023 Housing Law stipulates that in special, type I, type II and type III urban areas, based on Government regulations, the Provincial People's Committee decides that the investor of a commercial housing construction investment project must reserve a portion of the residential land area in the project that has invested in building a technical infrastructure system to build social housing.
Or arrange the social housing land fund that has invested in building technical infrastructure systems in a location other than the scope of the commercial housing construction investment project in that urban area or pay money equivalent to the value of the land fund that has invested in building technical infrastructure systems to build social housing.
“Thus, the social housing obligations of investors in commercial housing projects are implemented more flexibly than under the 2014 Housing Law,” said Mr. Hai.
Mr. Hoang Hai, Director of the Department of Housing and Real Estate Market Management, Ministry of Construction. (Photo: VV)
In addition, the Housing Law 2023 clearly stipulates the exemption of land use fees and land rent for the entire land area of the project and does not have to carry out procedures for determining land prices, calculating land use fees and land rents exempted according to the provisions of the law on land.
Investors of social housing projects are entitled to a maximum profit of 10% for the social housing construction area, and a maximum incentive of 20% of the total residential land area, or 20% of the total construction floor area of the project) to build works, service business, trade, and commercial housing according to the approved project investment policy.
The Law also adds the Vietnam General Confederation of Labor as the governing body for investment projects to build social housing using trade union financial resources for workers and laborers who are eligible for social housing policies to rent.
Add the form of developing workers' accommodation and developing housing for the people's armed forces to create conditions for workers and people's armed forces to access housing; allow manufacturing enterprises in industrial parks to rent workers' accommodation to arrange for their workers to rent.
The Law also abolishes the regulations on residence conditions when buying or renting social housing, leaving only conditions on housing and income to help people easily access social housing; in the case of renting social housing, it is not required to meet the conditions on housing and income, just the right subjects.
The law improves the selection of investors for social housing projects to ensure consistency with the laws on investment, land, and bidding. It specifies the method and time of determination to ensure specificity and ease of implementation in determining the selling price, lease-purchase, and rental of social housing.
Regarding the 2023 Law on Real Estate Business, Mr. Hoang Hai affirmed: This Law will help the market develop transparently and sustainably through a series of new regulations on real estate transfer, or clearly regulate real estate service business and training, fostering, and granting practice certificates in real estate service business.
Specifically, the Law on Real Estate Business has added a provision that individuals practicing real estate brokerage must meet the conditions of practicing in a real estate trading floor service business or a real estate brokerage service business.
This regulation contributes to further transparency and professionalization of real estate brokerage and transaction activities; preventing and limiting market instability due to the lack of effective control of real estate brokerage and service business activities.
“Real estate transactions are more standardized and transparent, customers’ rights are protected, investors and real estate businesses have a clear and consistent legal basis to establish, sign, and carry out smooth real estate transactions,” said Mr. Hai.
Source: https://www.congluan.vn/bo-xay-dung-hy-vong-quoc-hoi-ap-dung-som-cac-luat-lien-quan-toi-thi-truong-bat-dong-san-post299457.html
Comment (0)