The project is not legal enough
In recent times, Binh Duong has been one of the provinces with hot development in the service industry economy... The formation of a series of large industrial parks has attracted people to live and work.
Large investors in the real estate sector also focus here to "pour money" to build many apartment and townhouse projects to meet the needs of people.
However, during the development process, many investors have circumvented the law when the project has not yet met legal conditions and has not been approved by the authorities and has organized "capital mobilization; receive deposit for reservation; "purchase and sale transactions" without approval from the authorities.
This has caused many home buyers and unfortunate people to fall into lawsuits, disputes... causing a loss of security and order in the area. To avoid the above situation, the Department of Construction of Binh Duong province has thoroughly informed businesses about the "ban" on mobilizing capital in any form.
In addition, local authorities of wards and communes also organize warning signs in front of the project gate to inform people and home buyers to avoid buying projects that are not legal enough.
The announcement sign 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, advising apartment buyers at the high-rise apartment project block B4, part of the Song Than building complex, Charm Plaza 1 complex (trade name Charm Diamond).
According to information on the notice board from the People's Committee of Di An ward, the "Charm Dimond project" is currently not eligible to transfer or mobilize capital in the project because it has not completed the legal procedures as prescribed.
PV's Note Reporter It shows that the above project is currently surrounded by corrugated iron by the investor, and inside there are a number of machines and cranes in operation.
The outside of the local government's notice board is blocked by a large dry tree stump, to hide the content of the sign. If you don't pay close attention or get closer, passersby won't be able to clearly see the words.
Although in front of the project is a campus and trees, a large tree stump is placed in front of the announcement sign to shield the words.
Charm Diamond project is a component project located in the Charm City area with the legal name of Song Than Building Complex under Charm Plaza 1 Complex, owned by DCT Partners Vietnam Co., Ltd. (DCT Group). Charm Group is the investor.
Some websites advertising the above project said that Charm Diamond is part of the overall Charm City project with a total area of more than 5,8 hectares, the project scale includes a 1-storey tower and 35 basement. Providing the market with 1 apartments, 564 17-storey commercial shophouses and 2 townhouses.
The area of the apartments ranges from 36 - 90m2, designed from 1-3 bedrooms. Some penthouses have an area of 360m2, with prices starting at 35 million/m2.
Home buyers need to be careful
The placement of the warning sign shows that the responsibility of the People's Committee at the commune and ward level is very close when advising people to avoid risks of illegal real estate transactions, especially in a situation where many people buy real estate on the market. Papers must suffer consequences such as complaints and lawsuits, causing loss of security and order in the area.
Regarding the situation of construction and housing trading in Binh Duong province, for many years, press conferences have been held about the socio-economic and political situation in the area.
The leaders of the Department of Construction of Binh Duong province always inform the press that this Department has thoroughly informed businesses about the "ban" on mobilizing capital in any form.
If you don't get closer and read the information carefully, you won't be able to detect the contents of the local government's announcement that are obscured by the tree.
Mr. Huynh Pham Tuan Anh, Deputy Director of the Department of Construction of Binh Duong province, informed that the Department also directed its affiliated units to carry out propaganda and clear information about projects that do not meet business conditions. To be more practical, the Department coordinated to install a series of warning signs before the project.
“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 houses to be formed in the future are all announced by the Department of Construction of Binh Duong province on the Department's website. Therefore, before buying or selling real estate, people need to carefully research the information. Like looking up 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.
