The project is not legal enough.
In recent times, Binh Duong has been one of the provinces with hot development in industrial and service economy ... The formation of a series of large industrial zones has attracted people to live and work.
Big investors in the real estate sector also focus here to "pour money" to build many apartment and townhouse projects to meet people's needs.
However, during the development process, many investors have circumvented the law when the project did not meet legal conditions and was not approved by the authorities, and organized "capital mobilization; deposit receipt; sales transactions" without the approval of the authorities.
This has caused many home buyers and residents to unfortunately fall into lawsuits, disputes, etc., causing a disruption of security and order in the area. To avoid this situation, the Department of Construction of Binh Duong province has issued a notice to businesses about the "prohibition" of raising capital in any form.
In addition, local authorities of wards and communes also put up warning signs in front of the project gates to inform people and home buyers to avoid buying projects that are not legally sufficient.
The notice board was placed by the People's Committee of Di An ward (Di An city) in front of the Charm Diamond project.
For example, the People's Committee of Di An ward (Di An city, Binh Duong province) has posted a notice board, warning apartment buyers at the high-rise apartment project block B4, in the Song Than high-rise complex, Charm Plaza 1 complex (commercially known as Charm Diamond).
According to the information on the notice board from the People's Committee of Di An ward, the "Charm Dimond project" is currently not eligible for transfer or capital mobilization in the project because it has not completed the legal procedures as prescribed.
According to the reporter of Nguoi Dua Tin , the project is currently surrounded by corrugated iron by the investor, inside there are some machines and cranes in operation.
Outside the local government notice board is a large dry tree stump, which obscures the content of the board. If you don't pay close attention or get closer, passersby won't be able to clearly read the words.
Although the front of the project is a campus and trees, a large tree is placed in front of the notice board to block the words.
Charm Diamond project is a component project located in Charm City area with the legal name of Song Than Building Complex belonging to Charm Plaza 1 Complex, invested by DCT Partners Vietnam Co., Ltd. (DCT Group) under Charm Group.
Some websites advertising the above project said that Charm Diamond is part of the Charm City project with a total area of over 5.8 hectares, the project scale includes a 35-storey tower and 1 basement, providing the market with 564 apartments, 17 2-storey commercial shophouses and 12 adjacent townhouses.
The apartments range in size from 36 to 90 square meters, with 1 to 3 bedrooms. Some penthouses are 360 square meters, with prices starting at 35 million VND/square meter.
Home buyers need to be vigilant
The placement of warning signs shows the responsibility of the People's Committees at the commune and ward levels to closely advise people to avoid risks when transacting illegal real estate, especially in the situation where many people who buy real estate on paper have to suffer consequences such as complaints and lawsuits, causing disruption to security and order in the area.
Regarding the situation of housing construction and trading in Binh Duong province, for many years now in press conferences on the political, economic and social situation in the area.
The leaders of the Department of Construction of Binh Duong province always inform the press that the Department has issued a notice to businesses about the "prohibition" of capital mobilization in any form.
If you don't get closer to read the information carefully, you can't detect the content of the local government's announcement hidden by the tree roots.
Mr. Huynh Pham Tuan Anh, Deputy Director of the Department of Construction of Binh Duong province, informed that the Department also directed its subordinate units to carry out propaganda and clearly inform about projects that do not meet business conditions. To be more practical, the Department coordinated to put up a series of warning signs in front of the projects.
“Currently, in Binh Duong province, there are many real estate projects being built and developed. Projects that are eligible for business, capital mobilization, and signing contracts to sell future housing are all announced by the Department of Construction of Binh Duong province on the Department’s website. Therefore, before buying and selling real estate, people need to carefully research information. Such as searching online, at local authorities… this is very necessary and avoids unnecessary risks,” Tuan Anh shared.
In addition, the Deputy Director of the Department of Construction of Binh Duong province recommended that people should not trust too much in brokers, advertisements or information posted on social networks about real estate.
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