Recently, the Ho Chi Minh City Department of Natural Resources and Environment released a draft of a new land price list, to be applied from August 1st. According to the new land price list, the average land price in the city will increase 10-20 times compared to the current price.
In particular, land prices in suburban districts and counties have increased by more than 30 times. For example, land prices in District 12 increased 3-33 times, Hoc Mon District increased 5-51 times; Cu Chi District increased 9-31 times; and Binh Chanh District increased 2-36 times.
Residents of Ho Chi Minh City are shocked by the new land price list while applying for land ownership certificates. (Photo: TTC)
According to Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association, the land price list will be the basis for calculating land use fees and several types of taxes and fees in land management and use, such as the cost of obtaining a land ownership certificate ("red book"). Therefore, such a shocking increase will be a burden for people who are currently applying for a land ownership certificate.
Mr. Chau stated that currently, the city has over 13,000 cases where land use rights certificates (land ownership certificates) have not been issued, accounting for 0.7% of the total number of land plots in the city.
"People in Ho Chi Minh City are very interested in the new land price list announced by the Department of Natural Resources and Environment. Many of them are quite shocked by the new land prices, especially those who are applying for land certificates," Mr. Chau said.
Elaborating further on this, Mr. Chau stated: For example, Mr. A owns 100m2 of land, adjacent to Nguyen Van Linh road, in a stable residential area in Binh Hung commune, Binh Chanh district.
This plot of land was originally agricultural land priced at 200,000 VND/m2, while the land price along Nguyen Van Linh Street is 6.8 million VND/m2.
According to the old land price list, if Mr. A were granted a land use certificate ("red book"), he would only have to pay 660 million VND in land use fees. However, if the "new" land price list is applied, Mr. A would have to pay 6.18 billion VND in land use fees to be granted a "red book," an increase of approximately 9.36 times.
The most disadvantaged are the residents whose houses and land are located in areas with suspended planning, such as the Binh Quoi - Thanh Da Project. For many years, they have not been granted new construction permits, have not been allowed to subdivide their land, and have not been allowed to change the land use purpose, thus preventing them from paying land use fees at the previously very low land prices.
"If, in the near future, Ho Chi Minh City resolves the issues of suspended planning and projects, these people will suffer a second time because they will have to pay land use fees at very high prices," Mr. Chau said.
Given this situation, Mr. Chau suggested that at present, the focus should only be on developing the "initial land price list" to be applied from January 1, 2026, as stipulated in the 2024 Land Law.
Source: https://www.congluan.vn/nguoi-dan-tp-hcm-dang-lam-so-do-soc-vi-bang-gia-dat-moi-post306033.html
