On December 3, the Department of Planning and Investment of Kon Tum province announced the termination of the commercial, entertainment and townhouse complex project of FLC Group Joint Stock Company (Truong Chinh Street, Kon Tum City).
The reason is that the investor has decided to terminate the project.
According to the Department, the investor, FLC Group, is responsible for completing project liquidation procedures and fulfilling the investor's obligations in accordance with the law.
The project has been approved by the Kon Tum Provincial People's Committee for investment in the 2019-2020 period.
The project started construction in 2019, with an area of over 179,600m2, a total investment of over 1,700 billion VND, with the goal of investing in the construction of a complex of trade, services, entertainment and townhouses.
After many years of implementation, the project is still unfinished, many villas and shophouses are unfinished and abandoned, overgrown with grass.
People graze goats in the project area.
The exposed power lines are unsafe.
In 2022, the Government Inspectorate issued a conclusion on the inspection of violations at this project.
According to the Government Inspectorate, the Kon Tum Provincial People's Committee assigned the Land Fund Development Center to sell assets on land and transfer land use rights through auction, which is against regulations. At the time of inspection, the investor did not fulfill its financial obligations.
In addition, when the project had not yet been completed, the Provincial Land Registration Office, which advised on the issuance of certificates of land use rights, house ownership rights and other assets attached to the land, arbitrarily divided the 71,668 m2 plot into 474 plots and separately issued certificates of land use rights, house ownership rights and other assets attached to the land to the company for a long term, which is not in accordance with regulations.
Sleazy scene right outside the trillion-dollar project.
Source
Comment (0)