Controlling the real estate market safely, healthily and sustainably

After listening to the report of the Department of Construction and the opinions of the delegates on controlling the real estate market to ensure safety, health and sustainability in the province, Comrade Trieu The Hung, Deputy Secretary of the Provincial Party Committee, Chairman of the People's Committee of Hai Duong province affirmed that this is an urgent issue at present. Controlling the real estate market to ensure safety, health and sustainability is to implement the Government's telegrams.

The Chairman of the Provincial People's Committee affirmed that in Hai Duong, the provincial leaders have recently paid special attention to the issue of controlling the real estate market; at the same time, there have been many instructions related to this issue to ensure the maximum efficiency of land resources. The province's viewpoint is that in order to increase the value of real estate, it is necessary to pay attention to investing in infrastructure development; only develop residential and urban projects that are sufficient to create a source of public investment development, develop material and spiritual culture, social security, and not develop indiscriminately...

The Chairman of the Provincial People's Committee emphasized that controlling the real estate market to ensure safety, health and sustainability in the province is very important. To effectively implement, there must be specific, practical solutions and in-depth participation of departments, branches and localities. The Department of Construction is requested to absorb the opinions of the delegates and complete the report, in which specific and effective solutions need to be proposed.

According to the summary of the reports of the district-level People's Committees, the projects in the 2023 housing development plan that have been approved or approved for investment policy have a low rate (about 20%). The real estate market situation in the province is still quiet. Many land auctions have no buyers, the price has to be reduced and the auctions have been re-organized many times but have not received much attention from the people. According to forecasts, the real estate market will continue to be difficult in the next few years.

According to the Department of Construction, in the province there are many residential and urban projects under construction that are not yet eligible for transfer. These projects, when eligible for transfer, will be a large source of supply. To ensure economical land use and maximize the investment efficiency of the project, reduce the risk of a real estate "bubble" to develop a safe, healthy and sustainable real estate market, the Department of Construction requests the Provincial People's Committee to consider directing, specifically, relevant localities, departments and branches on a number of issues related to the development of real estate projects in the province...