Ho Chi Minh City issues regulations banning subdivision and sale of land

The Ho Chi Minh City People's Committee has just issued Decision No. 83/2024, stipulating areas where real estate and housing project investors are allowed to transfer land use rights with technical infrastructure to organizations and individuals who build their own houses in the area. This decision takes effect from October 21.

According to new regulations, investors of real estate projects and housing construction projects throughout Ho Chi Minh City are not allowed to transfer land use rights with technical infrastructure in the project to organizations and individuals to build their own houses.

This regulation is applied except in cases where investors aim to resettle with land in communes and towns of districts in Ho Chi Minh City and ensure the conditions according to the Law on Real Estate Business 2023 and the Land Law 2024.

The decision clearly states that project investors throughout Ho Chi Minh City, including the five districts of Binh Chanh, Nha Be, Hoc Mon, Cu Chi and Can Gio, are not allowed to divide and sell plots of land in the project for organizations and individuals to build their own houses.

The Ho Chi Minh City People's Committee also guides that during the implementation of the decision, if there are any difficulties or problems beyond their authority, relevant agencies, units, organizations and individuals need to promptly report to the Department of Construction for synthesis and submission to the Ho Chi Minh City People's Committee for consideration, direction, or amendment and supplementation of regulations as appropriate.

Previously, in explaining the proposal to "ban" the subdivision and sale of land in 5 suburban districts, the Ho Chi Minh City Department of Construction said that this regulation aims to unify management work, limit the situation of people building illegally, violating architectural management regulations, and avoiding discrimination between commercial housing projects throughout the area.