Ho Chi Minh City inspects and checks real estate projects to combat price manipulation and speculation.

Real estate projects, especially those with unusual price increases, will be inspected and handled to prevent profiteering and market disruption.

Real estate projects, especially those with unusual price increases, will be inspected and handled to prevent profiteering and market disruption.

Vice Chairman of the Ho Chi Minh City People's Committee Bui Xuan Cuong has just requested relevant agencies to strictly implement the Prime Minister's direction on focusing on rectifying and handling price manipulation, real estate speculation and inspecting and examining real estate investment projects.

Accordingly, the City Inspectorate and the Department of Construction are required to strengthen inspection, examination and review of real estate business activities of enterprises, investors, real estate trading floors and real estate brokers in the City, especially in areas and projects with unusual price increases.

This is to promptly rectify, prevent and strictly handle violations, focusing on the legality, conditions, information disclosure... of real estate put into business with abnormal price increases, not to take advantage of or disrupt the market.

Ho Chi Minh City will strengthen inspection and handling of real estate projects with abnormal price increases.

Authorities must also strictly control the issuance of real estate brokerage practice certificates; the activities of real estate trading floors and real estate brokerage service businesses in the city, ensuring transparency and professionalization of these activities, preventing and limiting lack of control that can cause market instability.

The Ho Chi Minh City Police Department was also assigned by the City People's Committee to proactively grasp the situation, promptly detect, investigate, and strictly handle according to the law organizations and individuals who violate the law to the extent that they must be prosecuted for criminal liability in the auction of land use rights; provide false information with the purpose of creating virtual fever and defrauding people for personal gain.

Real estate trading floors and brokerage businesses will also be strictly controlled.

Other relevant agencies such as the Department of Natural Resources and Environment, the Department of Planning and Architecture... must promptly announce information on housing and the real estate market, publicly announce documents on real estate eligible for business; housing development programs and plans; land use planning and plans; urban and rural planning; urban development programs; ... to ensure public and transparent market information; Quickly resolve administrative procedures in investment and construction of housing and real estate projects (such as approving investment policies, project appraisal, changing land use purposes, determining land prices, calculating land use fees...).

Source: https://baodautu.vn/batdongsan/tphcm-thanh-tra-kiem-tra-cac-du-an-bat-dong-san-de-chong-dau-co-thao-tung-gia-d244422.html