Why ask people to provide home ownership information?

(NLDO) - The Ministry of Construction believes that the new regulation will improve data quality, contribute to market transparency and support supply and demand regulation.

The Ministry of Construction is seeking comments on a draft Decree to replace Decree 94/2024/ND-CP on the housing and real estate market information system. A notable point in the draft is that from 2026, individuals will have to provide information on home ownership to be integrated into the national database.

According to the draft, both organizations and individuals in Vietnam and abroad must provide data fields including identification information (full name, identification number, legal documents), information on owned housing such as type of house, address, area, quantity, duration and form of ownership, and legal status.

The draft also supplements data related to beneficiaries of housing support policies, including identification information, types of beneficiaries such as social housing, housing for meritorious people, housing for poor and near-poor households, etc., quantity and duration of benefits.

The Ministry of Construction believes that the new regulation will improve data quality, contribute to market transparency and support supply-demand regulation to meet people's legitimate needs.

Many experts believe that the policy of collecting data is necessary to move towards a transparent and healthy real estate market. Building a complete and authentic database will help publicize information on supply, demand, transactions and prices, thereby minimizing speculation, price inflation, creating "virtual fever" and limiting the risk of freezing the market.

An expert commented: "If there is complete data, the risk of people buying real estate with unclear legal status or in dispute will be significantly reduced. The State will also have more advantages in tax management, anti-money laundering and control of investment capital flows."

National data should be by land plots instead of houses?

However, Dr. Pham Viet Thuan, Director of the Ho Chi Minh City Institute of Natural Resources and Environment Economics , said that requiring the declaration of housing data as proposed in the draft is "not feasible in terms of state management".

He argued that currently, land statistics and management are carried out based on land plots and map sheets, led by the Ministry of Agriculture and Environment, in coordination with the Ministry of Public Security in cleaning data. "The basic goal of land management is to manage data from land plots, sheet numbers, and plot numbers, not from houses on land," he said.

According to Dr. Thuan, collecting housing data is impossible because Vietnam has dozens of types of houses with different legal statuses: temporary houses, unlicensed houses, houses with or without permits, houses with certificates, houses without certificates, disputed houses, ownerless houses, etc. Building population data based on housing will lead to duplication, inaccuracy and overlap between agencies.

He proposed that population data should be centralized at the Ministry of Agriculture and Environment, which is managing unified land data. "The Ministry of Construction should prioritize completing the construction licensing process and guiding housing registration on a digital platform linked to plot data instead of doing house statistics," he suggested.

According to him, the State is in the process of cleaning up national data and population data, with land plots as the basis. Therefore, it is necessary to avoid dispersing data to many agencies, and only after the land data is complete will it be more reasonable to synchronously deploy housing-related content.

Source: https://nld.com.vn/vi-sao-yeu-cau-nguoi-dan-cung-cap-thong-tin-so-huu-nha-o-196251026155214895.htm