Lan Phuong Real Estate Company established 2 "ghost" projects.

On the afternoon of July 11, at a press conference on the socio-economic situation of Ho Chi Minh City, a representative of the People's Committee of Cu Chi district answered many questions from voters about two residential projects invested by Lan Phuong Real Estate Company (No. 19B Nguyen Van Dau, Phu Nhuan district).

Deputy Head of the Ho Chi Minh City Party Committee's Propaganda Department Pham Duc Hai and Deputy Director of the Department of Information and Communications Nguyen Ngoc Hoi co-chaired the press conference.

According to Mr. Nguyen Quoc Huy - Deputy Head of the Urban Management Department of Cu Chi District People's Committee, the fact that Lan Phuong Real Estate Company has established two residential projects, Golden City Tan Quy and River Cu Chi, and has been approved by Cu Chi District People's Committee for investment policy and master plan for subdivision is not true. Up to now, Cu Chi District People's Committee has not approved any residential project named Golden City Tan Quy and River Cu Chi.

Regarding the fact that Lan Phuong Real Estate Company, when discussing with the people about the reason for temporarily suspending the construction of the above project because it had to "implement Document 12312/UBND-QLDT dated December 25, 2020 of the People's Committee of Cu Chi district on the policy of overall adjustment of new rural construction planning projects in the district", it is also not true.

Cu Chi District People's Committee affirmed that it has never approved any residential project named Golden City Tan Quy and River Cu Chi project invested by Lan Phuong Real Estate Company in the area. Photo: Project perspective of Lan Phuong Real Estate Company.

In Document No. 12312/UBND-QLDT dated December 25, 2020, the People's Committee of Cu Chi district assigned the Construction Investment Project Management Board, the Department of Finance - Planning, and the District Urban Management Department to perform tasks according to the functions of each unit, not related to the construction of the above projects by Lan Phuong Real Estate Company.

According to Mr. Nguyen Quoc Huy, based on Article 32 of the Investment Law No. 61/2020/QH14 dated June 17, 2020 and Clause 2, Article 3 of the Law amending the Law on Public Investment, the Law on Investment under the Public-Private Partnership method, the Investment Law, the Housing Law... and many other laws, the approval of investment policies for housing and urban area construction projects is under the approval authority of the Ho Chi Minh City People's Committee, the District People's Committee does not have the authority to approve these projects. Therefore, for the Golden City Tan Quy projects and the River Cu Chi project invested by Lan Phuong Real Estate Company, the Cu Chi District People's Committee does not approve.

“Cases of transferring housing construction investment projects and real estate projects must ensure the conditions prescribed by the law on housing, the law on real estate business and other relevant legal provisions. People investing in projects that do not ensure the above conditions is not in accordance with regulations. To limit damage caused by investing in projects that do not ensure legality, people need to carefully research project information before investing. For cases where investors make investments that are not in accordance with legal regulations, the People's Committee of Cu Chi district regularly organizes inspections, promptly prevents and handles according to regulations. In cases beyond its authority, it will report to the City People's Committee for direction on handling,” said Mr. Nguyen Quoc Huy.

Source: https://kinhtedothi.vn/tp-ho-chi-minh-cong-ty-dia-oc-lan-phuong-real-lap-2-du-an-ma.html