Investors increasingly pay attention to the legal factors of the project.

After the new Laws came into effect, removing obstacles for many problems in the real estate market, investors have more highly appreciated the legal factors and the ability to meet real needs of the project.

Legal - Market Driving Factor

Recently, there have been many cases where people have not been granted certificates of ownership, have not signed contracts to transfer land and houses in real estate projects due to legal problems or disputes. This has reduced trust and is a significant factor affecting transactions in the real estate market.

Until now, legality has always been the most important criterion of a real estate project. Not only ensuring the interests of customers and sustainable value, a legally safe project is also the basis for assessing the reputation of the investor as well as leading the market. For real estate projects that ensure legality, customers and investors do not have to worry about buying, selling, and transferring according to the provisions of the law, and this has created the attraction of real estate projects that meet legal standards for customers when choosing to settle down or invest.

Investors focus on real estate legal factors

In particular, after the Housing Law 2023, the Real Estate Business Law 2023 and the Land Law 2024 officially take effect from August 1, 2024, real estate legal issues are even more highly appreciated.

According to Mr. Hoang Quang Phong, Vice President of the Vietnam Federation of Commerce and Industry (VCCI) at the forum "Sustainable development of the real estate market" on November 27, 2024, the above 3 laws have overcome many shortcomings and inadequacies and have many breakthrough, innovative and progressive regulations, contributing to protecting the legitimate rights and interests of people and businesses, transparency in land access, real estate market management... At the program, experts also assessed the real estate market situation in 2024, although there were many difficulties, there was a positive recovery at the end of the year. This will be a stepping stone for the market to "revive" in 2025 after a period of many difficulties.

Many projects in Binh Dinh keep up with the new law

Grasping market trends, businesses in Binh Dinh are stepping up investment in real estate projects that ensure legal factors to meet the needs of customers and investors.

One of the regulations that many developers and investors are interested in in the new laws is the regulation prohibiting the subdivision and sale of land in cities and towns in Article 31 of the 2023 Law on Real Estate Business. Binh Dinh has Quy Nhon city and An Nhon town on this list.

Hung Dinh City completes legal procedures to ensure investors' rights

A representative of Binh Dinh Investment Company Limited said that at first, they were quite confused because the regulations in the new law could cause difficulties for customers when transacting. However, after carefully studying the law and receiving specific instructions from the specialized agencies of Binh Dinh province, the company immediately carried out the necessary procedures to complete the legal procedures for the projects to ensure the rights of customers. For the Hung Dinh City Urban Area project invested by the company in An Nhon, legal assurance is one of the big pluses to attract investors, along with other factors such as the central location of the town, synchronous planning, convenient transportation and proximity to many important public utilities...

Assessing the proactiveness of businesses in the face of new laws, a brokerage expert in Binh Dinh said that with the current investor appetite for legal factors, projects that complete legal procedures early will "have a better chance of winning" and attracting investors. Compared to land plots that are self-divided among the people, real estate located in urban areas implemented by reputable investors, although it may be higher in initial purchase price, has an advantage in the long term due to synchronous and systematic planning and most importantly, transparent legal procedures to ensure liquidity and the ability to increase prices in the long term./.

Source: https://baobinhdinh.vn/viewer.aspx?macm=5&macmp=5&mabb=288635