Ministry of Construction: 121 real estate projects have been cleared

According to Deputy Minister of Construction Nguyen Van Sinh, 71 documents reporting difficulties, problems and recommendations related to 121 real estate projects have been handled and resolved.
At the ceremony to honor the “Vietnam Real Estate Brokers Day 2023” organized by the Real Estate Brokers Association (VARS), Deputy Minister of Construction Nguyen Van Sinh shared about the difficulties and obstacles of the Real Estate Brokers Association (VARS) recently real estate projects.

“Especially, exchanges have had to close or suspend operations. Many real estate exchanges have to cut personnel, costs, and maximum commissions to maintain operations. The number of floors and brokers in operation. Current activity is only about 30-40% compared to the early period of 2022,” he said.

According to Deputy Minister Sinh, this is a challenging period for brokers who are not competitive enough to survive, but also an opportunity for professional units to overcome and develop more sustainably.

In terms of implementation, Deputy Minister Nguyen Van Sinh stated that the problems of real estate projects are still related to localities, emerging projects with many difficulties in localities such as Hanoi and Ho Chi Minh City. , Da Nang, Dong Nai and some southern localities also have some problems related to investment order and procedures.

“Up to now, the Ministry of Construction and the Prime Minister’s working group have processed and resolved 71 documents reporting difficulties, problems and recommendations of localities, businesses, associations and people related to 121 real estate projects in many localities across the country,” he said.

Regarding the development of social housing and worker housing, Mr. Sinh said that the Ministry of Construction is actively directing localities to implement a project to build 1 million social housing apartments to create a supply of housing to contribute to solving difficulties in social housing and worker housing.

Thereby, the real estate market has changed, many commercial housing real estate projects have been dismantled for re-implementation, many social housing projects have also been approved and started construction in many localities across the country to create more supply for the market,” the Deputy Minister acknowledged.

Previously, in order to solve the common difficulties of the real estate market, the Government, ministries, branches and working groups of the Prime Minister had many directions to remove difficulties and obstacles related to institutions, issued many resolutions regulations and circulars to solve legal problems.

Currently, the Ministry of Construction has also submitted amendments to decrees in the field of State management of the Ministry related to problems and procedures of the real estate market. Over the pastime, the working group has worked with localities to review projects, of which Ho Chi Minh City reviewed 180 projects, Hanoi reviewed 170 projects, Da Nang reviewed 75 projects, there are 65 projects in Hai Phong, Can Tho – 79 projects…