In recent years, Long An province has been one of the localities with very fast economic growth. In addition to the industrial sector, real estate is also one of the most attractive sectors in this province.
Inside the Cat Tuong Phu An project is just an empty lot.
In fact, a series of large investors have poured money into real estate, aiming to attract the housing demand of people living and working in this province.
With such rapid development, many investors and brokerage companies have "broken the rules" to accept deposits, sign reservation contracts, real estate consulting contracts, capital contribution contracts... with the purpose of circumventing the law to collect money from customers, or mobilize capital for the project.
In order to prevent illegal real estate sales and to protect buyers, recently, the People's Committee of My Hanh Nam commune (Duc Hoa district, Long An province) posted a notice board, warning buyers of apartments at the Cat Tuong Phu An project.
The notice stated that Cat Tuong Phu An project is not eligible for buying, selling and trading apartments because it has not completed the required procedures. This project is invested by Cat Tuong An - SW Company Limited (under Cat Tuong Group).
However, quite surprisingly, right after the Long An provincial authorities issued the above announcement, another sign appeared right in front of the above location. It was a very large information sign about the Cat Tuong Phu An project, covering the entire area of the warning sign.
The Cat Tuong Phu An project information board is many times larger than the warning board of the People's Committee of My Hanh Nam commune.
According to the reporter of Nguoi Dua Tin , currently inside the Cat Tuong Phu An project is just an empty lot, without any signs of construction.
Outside the gate, there is an information board about the Cat Tuong Phu An project, much larger than the warning board of the People's Committee of My Hanh Nam commune. The two boards are placed only a few centimeters apart.
If looking with the naked eye through the gap between the two boards, it is impossible to read the warning line about not being allowed to buy and sell unqualified real estate of the Cat Tuong Phu An project by the People's Committee of My Hanh Nam commune.
Thus, the placement of the warning sign shows the responsibility of the People's Committee of My Hanh Nam commune in advising buyers to avoid risks when transacting illegal real estate, especially in the situation where many people who buy real estate on paper have to suffer consequences such as complaints and lawsuits in cases where the investor does not have sufficient financial capacity.
But instead of following the warning from the authorities, the business blatantly ignored it and arbitrarily placed a project sign covering the entire area of the warning sign.
The gap between the two boards makes it impossible to read the warning line about not being allowed to buy and sell unqualified real estate of the Cat Tuong Phu An project of the People's Committee of My Hanh Nam commune.
Regarding the above project, on February 26 in Ho Chi Minh City, Cat Tuong Group held a kick-off ceremony, launching Cat Tuong Phu An apartments, with a selling price of about 25 million VND/m2, with more than 1,200 sales specialists from 20 strategic distribution agents.
At the event, the exclusive distributor of the project also awarded certificates to the distributors, marking the close cooperation and determination to conquer the business goals of the Cat Tuong Phu An project.
Information at the launching ceremony said that Cat Tuong Phu An apartment project is located in a prime location on the frontage of Provincial Road 9, My Hanh Nam commune (Duc Hoa district, Long An province).
With a large scale, including 5 blocks 17 floors high, a total of 1704 apartments, diverse in area and number of bedrooms, has created diversity and flexibility in choice for both families and individuals with different needs.
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