The Government Inspectorate has just announced the conclusion of the inspection of the conversion of land use purposes from production and business to land business and housing construction in the period 2011-2019 of state-owned enterprises and equitized enterprises.
In Hanoi, the Government Inspectorate requested the Ministry of Public Security to receive information and documents to review, investigate and handle according to regulations for 3 projects including: High-rise building, office and service project at 120 Hoang Quoc Viet (Cau Giay district); Housing, office and commercial service complex project at Phap Van street (Hoang Liet ward, Hoang Mai district); Investment project to build a trade, service and housing center at 275 Nguyen Trai street (Thanh Xuan district).
According to Dan Tri reporter's investigation, the project of housing, office and commercial service complex on Phap Van street (Hoang Liet ward, Hoang Mai district) with the commercial name Phuong Dong Green Park is located at 1 Tran Thu Do (Hoang Liet ward, Hoang Mai district) invested by Phuong Dong Investment Company Limited.
The Phuong Dong Green Park project has an area of 14,346.6 square meters. The investor's website introduces the project as consisting of 2 29-storey apartment towers and 13 low-rise apartments with a total of 1,248 apartments.
At the time of sale, 2-bedroom apartments with areas from 52m2 to 79.2m2 were priced at 1.4-2.1 billion VND. 3-bedroom apartments with areas of 85m2 and 98m2 were priced at 2.1-2.8 billion VND.
However, the selling price of apartments at Phuong Dong Green Park project has increased sharply. Specifically, the price of 2-bedroom apartments has increased from 3.3 billion VND to 4 billion VND. For 3-bedroom apartments, the price ranges from 4.5 billion VND to 5 billion VND.
Phuong Dong Green Park Project (Photo: Investor).
Notably, according to the inspection conclusion, Phuong Dong Investment Company Limited sold 11 townhouses and 110 apartments before the Hanoi Department of Construction issued a construction permit and announced that it was eligible to sell future housing. This violated the 2014 Law on Real Estate Business.
In addition, this enterprise sold 312 apartments for short-term lease under the form of long-term ownership, which is not in accordance with the project investment policy and not in accordance with the approved land use purpose.
Regarding the investment project to build a commercial, service and housing center at 275 Nguyen Trai Street (Thanh Xuan District), with the commercial name Golden Land Building. The project is introduced as belonging to Hoang Huy Financial Services Investment Joint Stock Company.
The Golden Land project covers an area of over 2.33 hectares. The project consists of 5 towers, including 3 25-27-storey apartment buildings, 1 office service commercial center and 1 high-rise residential building. In 2013, the price of apartments in this project was about 35-37 million VND/m2. Up to now, the apartment price has increased to 52-88 million VND/m2.
According to the inspection conclusion of the 275 Nguyen Trai project, due to the illegal capital contribution, the Hanoi People's Committee reclaimed 23,380 square meters of production land of Precision Mechanical Joint Stock Company No. 1, and transferred it to Hung Viet Trading Joint Stock Company to implement a housing project, without compensating or clearing the land for auction according to regulations.
Precision Engineering Joint Stock Company No. 1 transferred 3.2 million shares in Hung Viet Company to Hoang Huy Financial Services Investment Joint Stock Company at par value, without auction or share valuation. This was concluded to be a violation of the Government's decree.
Regarding the high-rise, office and service project at 120 Hoang Quoc Viet (Cau Giay District), according to the inspection conclusion, from May 21, 2012 to present, the project has not been implemented.
Hanoi City approved the land use conversion fee of the project which was not in accordance with the equitization plan of Vietnam Steel Corporation approved by the Prime Minister.
As a result, the total land use fee payable to the budget of Area A (932m2) is nearly 57.6 billion VND lower than the land use right value approved by the Ministry of Industry and Trade at the time of January 1, 2010 when equitizing Vietnam Steel Corporation. Risk of reducing enterprise value
In addition, some people encroached on the land, seriously violating the provisions of the law on land management and use, but have not been thoroughly handled by Vietnam Steel, Hanoi People's Committee, and relevant agencies according to the law, leading to the risk of losing land use rights.
Source: https://dantri.com.vn/bat-dong-san/3-du-an-o-ha-noi-bi-thanh-tra-chinh-phu-de-nghi-chuyen-dieu-tra-co-gi-20241012103023017.htm
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