A series of Novaland projects in Ho Chi Minh City have had their legal problems resolved: 10,500 households have pink books, some projects are under construction again.

(Chinhphu.vn) - The Government's strong direction and the attention of the Ho Chi Minh City People's Committee have helped to remove legal obstacles for a series of Novaland projects after many years of stagnation. From issuing certificates to residents to completing financial obligations, approving land prices and restarting unfinished projects, this result is opening up direct benefits for tens of thousands of households, while creating a strong recovery lever for businesses as well as the market.

The Sun Avenue project is speeding up the issuance and handover of pink books to residents.

More than 10,500 households were granted pink books

In 2025, Ho Chi Minh City authorities coordinated with businesses to complete the issuance of 3,108 House Ownership Certificates (pink books) to residents at Sunrise Riverside, The Sun Avenue, Kingston, Sunrise North, Palm A1, Garden Gate projects. Thereby, ending the situation of "houses finished but books not finished" - many households were able to live stably, helping people to fully establish property rights and rights to use related financial services.

Not stopping there, in 2026, Ho Chi Minh City aims to continue processing 7,464 more applications for the above projects and the remaining projects such as Lexington, Lucky Palace, Tropic Garden 1, Tresor, Rivergate, Golden Mansion, Lake view and many remaining buildings of Sunrise Riverside.

Thus, in just two years 2025-2026, more than 10,500 households will have their legal rights resolved, clearly demonstrating the government's efforts in ensuring the legitimate rights of the people.

A large number of workers gathered to work on key projects in Ho Chi Minh City.

Many projects have had legal obstacles removed, boosting housing supply.

In parallel with the issuance of "pink books", many Novaland projects have completed legal documents to continue construction and handover as committed. The Park Avenue in Phu Tho ward has been granted a construction permit for the main part and is scheduled to resume construction in December 2025, marking the revival of a central project that has been stalled for quite a while. In addition, two other major projects, Victoria Village (VTV) and The Grand Manhattan (GMA), have also been legally resolved. GMA is waiting for land price approval and is expected to be promoted for handover in 2027.

For residents, these changes bring clear benefits. Apartments with red books mean that the property is legally identified, increasing its value. Projects that are about to start or restart also contribute to improving the urban appearance, completely resolving the situation of unfinished constructions that affect the aesthetics and psychology of surrounding residents. With the development of the real estate market, the real supply from projects that have completed legal procedures will contribute to reducing price pressure, especially in the context of the limited housing fund with full legal procedures in Ho Chi Minh City.

For Novaland, resolving the problems and difficulties and restarting helps the company recover debts faster, creating cash flow to maintain restructuring and deploy new projects. Meanwhile, market confidence – the most important factor for real estate – is being strengthened when customers witness transparent processing progress, specific results and clear deadlines.

For Ho Chi Minh City, the legal clearance of large projects not only helps thousands of people settle down properly but also helps the city increase budget revenue from financial obligations, accelerate urban renovation and significantly reduce the pressure of complaints related to projects with slow issuance of certificates. The timely supply of housing also helps the market reduce the scarcity of products with full legal status.

Many experts assess that if 2022-2024 is the period when Ho Chi Minh City real estate freezes, then 2025-2026 is the beginning of the recovery process based on a clear legal foundation. These changes lay the foundation for a stable market, developing in the right direction, in line with the Government 's policy of promoting housing and urban development associated with sustainable growth. In addition, there will be an abundant supply of goods, which will reduce price pressure in the city.

Source: https://baochinhphu.vn/loat-du-an-novaland-tai-tphcm-duoc-go-vuong-phap-ly-10500-ho-co-so-hong-mot-so-du-an-xay-dung-tro-lai-102251202130831327.htm