SGGP
The Department of Natural Resources and Environment of Ho Chi Minh City has just reported to the Ministry of Natural Resources and Environment for comments on determining financial obligations and the term of use recorded on the certificate of land use rights, house ownership rights and other assets attached to land (called pink book) for the area of houses and land used as officetel (office combined with accommodation), shophouse (apartment combined with commercial services).
According to the Department of Natural Resources and Environment, currently, real estate business projects are mixed-use apartment building projects built on land according to planning approved by competent authorities, in which a part of the area is used by the investor as hotels, tourist apartments, office apartments combined with accommodation, commercial services, etc.
The investor has fulfilled its financial obligations to the state and has been granted a certificate in accordance with the planning approved by the competent authority. After construction, the investor has resold it to users for residential purposes and requested the Department of Natural Resources and Environment to issue pink books for these areas. However, the Department of Natural Resources and Environment has found that there are still some problems in applying the 2013 Land Law, and it is necessary to consult with competent authorities.
Specifically, in the case where the investor sells a part of the area recognized by the competent authority for commercial and service purposes (hotels, tourist apartments, office apartments combined with accommodation...) to a buyer for residential purposes, when considering granting a pink book to the transferee of land use rights, is it necessary to determine the land price to calculate additional financial obligations?
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