Soon to tax unused land and housing

The Prime Minister made this request clear when chairing a meeting of the Government Standing Committee with ministries, branches, associations, banks, and businesses on the real estate market situation on the afternoon of May 24.

788 real estate projects have difficulties and problems

According to the Ministry of Construction , in the first quarter of 2025, 14 more commercial housing projects were completed, with a scale of more than 3,800 units, an increase of 40%; 26 newly licensed projects with a scale of nearly 16,000 units, an increase of 44%.

The Prime Minister delivered a concluding speech at the meeting. Photo: Nhat Bac

"We must resolutely deal with acts of creating virtual prices, speculating, manipulating and profiteering in land auctions, and monopolizing the real estate market, so that people are not scammed," the Prime Minister emphasized.

The number of real estate transactions of apartments, individual houses, and land all increased compared to the previous quarter. Of which, there were more than 33,000 successful transactions of apartments and individual houses, an increase of 32% compared to the fourth quarter of 2024, and more than 101,000 successful land transactions, an increase of more than 16%.

Nationwide, more than 1,300 locations with a scale of more than 9,700 hectares of land have been planned for social housing development. According to calculations, 22 provinces and cities will complete the target of developing social housing with nearly 48,000 units.

Statistics show that currently, the whole country has about 788 real estate projects with difficulties and problems related to the fields of land, investment, planning, construction, housing, bidding, capital sources for project implementation, and implementation of inspection conclusions for the project.

Delegates proposed that, along with removing difficulties and obstacles for the real estate market, it is necessary to reduce costs affecting real estate prices; have plans, targets, and regulate real estate segments reasonably; strictly handle acts of price fixing and market manipulation...

Dealing with artificial price creation behavior

Concluding the conference, Prime Minister Pham Minh Chinh requested ministries and branches to study and remove obstacles to reduce costs and real estate prices; increase supply to increase people's access to real estate.

Prime Minister Pham Minh Chinh directed to strictly implement decentralization and delegation of power according to the two-level local government model; cut down on administrative procedures, and resolutely eliminate cumbersome and unnecessary procedures.

Minister of Construction Tran Hong Minh speaks. Photo: VGP/Nhat Bac

"We must resolutely deal with acts of creating virtual prices, speculating, manipulating and profiteering in land auctions, and monopolizing the real estate market, so that people are not scammed," the Prime Minister emphasized.

The head of the Government directed the Ministry of Construction to coordinate with localities to inspect and promptly remove difficulties for real estate projects; study and integrate regulations on investment procedures into a decree; and urgently build a housing database connected to the population database.

The Ministry of Agriculture and Environment shall preside over and work with the Ministry of Finance to review regulations on land and land valuation procedures, and amend current regulations if necessary; provinces and cities shall evaluate and issue land price lists, site clearance compensation, increase deposit levels in land auctions, and strictly handle acts of taking advantage of auctions to disrupt the market.

The Prime Minister noted that the Ministry of Public Security must immediately intervene to deal with those who manipulate and monopolize the market. The Ministry of Agriculture and Environment must develop regulations on auctions that are strong enough to deter and prevent this situation.

The Ministry of Finance urgently studies and promulgates a policy to tax real estate on unused land and houses, the difference between land price and selling price, and has a mechanism to handle unclear transactions.

The Ministry of Public Security directed agencies and localities to review projects with signs of violations, first fix them with economic measures, then consider other measures; not to let people be scammed in relation to land.

Luan Dung

Source: https://tienphong.vn/som-danh-thue-bat-dong-san-voi-dat-va-nha-o-khong-su-dung-post1745201.tpo