The actual number of projects without property ownership certificates (pink books) is higher than reported by the Ho Chi Minh City People's Committee.

The People's Committee stated that there are over 81,000 apartments without pink books. However, through monitoring by the City Council, it was found that 208 completed housing projects are in a similar situation.

This information was presented by City Council representatives during a session discussing property document issuance for commercial housing projects in the area on the afternoon of July 5. Currently, the rate of processing applications for property ownership certificates in the city is only 67%, affecting citizens' rights and leading to budget shortfalls.

Bất động sản khu Đông TP HCM. Ảnh: Quỳnh Trần
Real Estate in Eastern Ho Chi Minh City. Photo: Quynh Tran

According to statistics from the Department of Natural Resources and Environment, from July 1, 2014, to the present, the city has 335 projects in operation with over 191,000 apartments. Of these, more than 110,000 apartments have been issued pink books, while over 81,000 have not yet received them.

However, a review from districts and monitoring by the City Council revealed that 208 completed commercial housing projects not included in this list also require resolution. The omission of these projects is due to the manual data verification process, which lacks accurate tracking and updates.

According to Nguyen Thi Le, Chairwoman of the Ho Chi Minh City Council, the incomplete list makes it difficult to identify causes and propose solutions, as it only encompasses projects for which the Department of Natural Resources and Environment has received applications. The City Council has requested a thorough review of all projects, categorizing them and establishing a timeline for issuing pink books to residents as per regulations.

"Avoid lumping all issues together, which leads to prolonged resolution times for residents," Ms. Le stated. In the third quarter, the Ho Chi Minh City People's Committee directed a review to clearly identify the leading agency and coordinating units to develop specific solutions and timelines for each project based on the identified issues.

 

Bà Nguyễn Thị Lệ tại phiên họp chiều 5/7. Ảnh: Quang Huy

Ms. Nguyen Thi Le at the session on the afternoon of July 5. Photo: Quang Huy

For projects without legal obstacles or those that have had legal issues resolved, Ms. Le requested to expedite the process and complete the issuance of pink books to residents by the fourth quarter. For projects with complications and complex issues, reports must be submitted every six months.

Vice Chairman of the Ho Chi Minh City People's Committee, Bui Xuan Cuong, mentioned that some projects face challenges due to violations by developers; however, as the projects have been accepted, the city has directed the Departments of Construction and Natural Resources and Environment to study and advise on issuing pink books for the compliant parts. Non-compliant sections will be handled according to regulations and issued later.

According to Mr. Cuong, due to discrepancies between the Budget Law and the Housing Law, where housing projects are required to allocate 20% of land for social housing, many developers choose to pay an equivalent monetary value, which has not been approved by the authorities. The Ho Chi Minh City People's Committee will assign the Department of Natural Resources and Environment and the City Tax Department to reassess the financial obligations of the developers, clarifying the aforementioned 20% ratio to resolve issues in issuing certificates.

June 30, 2023

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