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Real estate company in Ho Chi Minh City is under investigation, people cry for help because they "paid money"

Báo Dân tríBáo Dân trí18/03/2025

(Dan Tri) - Many people who contributed capital to buy land in Hai Yen residential area called for help from the Ho Chi Minh City People's Committee after the project owner was prosecuted and declared incapable of fulfilling the contract.


Vice Chairman of the Ho Chi Minh City People's Committee Bui Xuan Cuong has just directed the Department of Construction and the Department of Natural Resources and Environment to study and resolve citizens' petitions related to the Hai Yen residential area project (Binh Hung commune, Binh Chanh district, Ho Chi Minh City).

The Department of Construction is assigned to urge and summarize the results of resolving difficulties and problems at the project, proactively report to the Ho Chi Minh City People's Committee; in case of arising difficulties and problems beyond its authority, it must propose specific solutions.

Công ty địa ốc ở TPHCM bị điều tra, người dân kêu cứu vì trót xuống tiền - 1

The Hai Yen residential area project has been implemented for more than 20 years, but to date, land buyers have not been granted certificates or allowed to build houses (Photo: Ngoc Tan).

Previously, a group of citizens in Ho Chi Minh City sent a petition to the Ho Chi Minh City People's Committee and the Prime Minister's Working Group to explain that they had been buying land at the Hai Yen residential area project for many years but had not been able to complete the procedures to build a house.

In the petition, the group of customers said they bought land in Hai Yen residential area by signing a capital contribution contract and received the product as land to build houses.

The project has been implemented since 2001, but up to now, the investor, Phi Long Urban Development Investment Joint Stock Company (Phi Long Company), has not completed the project to have clean land to hand over to customers.

Công ty địa ốc ở TPHCM bị điều tra, người dân kêu cứu vì trót xuống tiền - 2

Land owners in Hai Yen residential area put stakes and hung their name tags on the land to confirm ownership (Photo: Ngoc Tan).

"According to the contract we signed with the company, the land delivery period for house construction is 24 months. The company has collected 95% of the contract value from us. However, the deadline has passed and we have not received the land to build houses," the people stated in their petition.

In June 2020, Phi Long Company was investigated. Since then, the company has not completed all legal procedures for the project; has not paid land use conversion tax, and has not continued to construct project infrastructure, causing huge losses to land buyers.

"Our group has met with Phi Long Company many times but nothing has been resolved because the company currently has no more funds to continue implementing the project," said the land buyer.

Công ty địa ốc ở TPHCM bị điều tra, người dân kêu cứu vì trót xuống tiền - 3

The land of the Hai Yen residential project has been abandoned, with grass covering the walkway for many years (Photo: Ngoc Tan).

After many years of "crying for help" but not getting any solution, the group of customers petitioned the leaders of Ho Chi Minh City to consider allowing Phi Long Company to continue implementing the remaining part of the project. The customers agreed to contribute more money for the investor to complete the project, complete the legal documents, and transfer the land use rights.



Source: https://dantri.com.vn/bat-dong-san/cong-ty-dia-oc-o-tphcm-bi-dieu-tra-nguoi-dan-keu-cuu-vi-trot-xuong-tien-20250318160543711.htm

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