The People's Committee of Ninh Binh province has just assigned the provincial police and relevant agencies to investigate and clarify the cause of the unusual increase in real estate prices in Hoa Lu city.
Specifically, the Ninh Binh Provincial People's Committee has just issued a document requesting the Provincial Police and relevant agencies to conduct inspections of real estate transactions in Hoa Lu City, especially individual houses and residential land, to verify the phenomenon of sudden price increases.
The document of the Provincial People's Committee emphasizes the strict handling of violations of the law on real estate business and related regulations. At the same time, relevant units are assigned the task of proposing regulatory measures to ensure the stable, healthy and sustainable development of the land market.
Previously, the Department of Construction of Ninh Binh province also issued a document requesting an inspection of real estate business transactions of individual houses and residential land in the area, with unusual price increases in Hoa Lu city.
It is known that after Ninh Binh province completed the merger of Hoa Lu district into Ninh Binh city to establish the new Hoa Lu city, more than 80,000 residents of the old Hoa Lu district officially became city residents. This has caused land prices in this area to increase sharply. Previously, the common transaction price fluctuated between 3.2 - 3.4 billion VND/80m2 plot, but currently, many plots of land have been advertised for sale at prices ranging from 3.5 billion VND to more than 4 billion VND.
Compiled by HQ