From Government direction to local efforts

On November 3, the Department of Construction of Dong Nai province issued Document No. 4206/SXD-QLN-TTBDS on the eligibility of 752 low-rise houses in part of Zone I and V, Aqua City project, Long Hung commune, Bien Hoa city to sell future housing. In addition, based on the online conference to evaluate the implementation results of Resolution No. 33/2023 of the Government and propose solutions to remove difficulties and obstacles for the real estate market to develop safely, healthily and sustainably, the People's Committee of Dong Nai province also allowed the investor to prepare and submit for appraisal the adjustment of the detailed planning 1/500 in parallel with the approval of the C4 subdivision planning project. At the same time, the competent authority has created conditions for the investor to continue to invest in construction and sales of items in accordance with the approved detailed planning to fully fulfill its commitments to customers. Currently, Novaland and investors have been actively and proactively coordinating with relevant departments to complete the required legal procedures as soon as possible.

Từ chỉ đạo của Chính phủ đến nỗ lực của địa phương — *Aqua City has created strong attraction since its launch.*

One of the key projects developed by Novaland is NovaWorld Phan Thiet (Binh Thuan province) which has also recorded many positive signals from the legal side. Specifically, the project has completed the adjustment of the detailed planning 1/500 for all items for the entire project. Previously, the Prime Minister's Working Group chaired by the Deputy Minister of Construction concluded to maintain the investment policy according to Decision No. 934 issued by the People's Committee of Binh Thuan province in April 2019, and at the same time, during the implementation process, if the project falls under the case of having to adjust the investment policy, the Investor will adjust according to regulations. In addition, Binh Thuan province is also taking the next legal steps to adjust the form of land rental payment from annual to one-time payment at the project.

Or at the NovaWorld Ho Tram project (Ba Ria - Vung Tau), the Provincial People's Committee is also directing strongly to remove difficulties and speed up legal procedures. Currently, basically all problems have been resolved and some procedures have been completed. This project has attracted tens of thousands of tourists to stay and experience, the villas are also being exploited for rent with a weekday occupancy rate of about 50% and reaching 70-85% on weekends. At the same time, projects in the center of Ho Chi Minh City have also been receiving attention and receiving many positive signals in removing legal difficulties and investment procedures. The specific, drastic actions and efforts of Novaland and investors with the consensus and close direction to remove difficulties for the real estate market from the Government, the Ministry of Construction to local leaders and departments, the difficulties will soon be resolved and this is a strong premise for Novaland to continue focusing on developing key projects in the coming time. On the momentum of recording positive information for the projects, secondary trading activities have also been bustling in the market in the past 3 months, recording 85 products, mostly at NovaWorld Phan Thiet. Source: https://daibieunhandan.vn/tu-chi-dao-cua-chinh-phu-den-no-luc-cua-dia-phuong-post349222.html