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pink book
Ho Chi Minh City has granted pink books to 51 commercial housing projects.
Ho Chi Minh City has resolved and issued 38,363 pink books to people at 51 commercial housing projects facing problems, according to the Department of Natural Resources and Environment.
Why should people go through the procedure to change their "red book" to the new model?
Although a new form of land use right certificate (red book) has been issued and people are not required to change the book, according to legal experts, people should still go through the procedure to change the red book for many reasons.
First red book issuance within 3 working days
According to Decree 101, from August 1, the first issuance of red books and pink books will not exceed 3 working days.
In what cases can a house without a red book be traded?
From August 1, houses without red books can be bought, sold, or mortgaged if they meet transaction conditions such as having a construction permit or business registration certificate.
Conditions for mini apartments to be granted pink books from August 1
According to the provisions of the Housing Law 2023, effective from August 1, mini apartments will be granted a certificate (pink book) if they meet the conditions.
8 cases cannot transfer "red book" from August 1
The 2024 Land Law, effective from August 1, stipulates that in some cases where the legal conditions are not met, the transfer of the "red book" cannot be carried out.
Cheap houses are scarce, many people are looking to buy apartments without pink books.
Apartments priced under 2 billion VND in Hanoi have almost disappeared, forcing many customers to look for apartments without pink books to buy in order to save costs.
Will issue unified "red book" form nationwide
The Ministry of Natural Resources and Environment (MONRE) is drafting a Circular regulating certificates of land use rights, ownership of assets attached to land and cadastral records.
Ways to force investors to deliver houses and certificates on time
Recently, there have been many cases of home buyers being delayed in receiving their houses and certificates. So what should home buyers do to force the investor to deliver the house and certificates as promised?
The investor mortgaged the project's land use rights, residents were upset because their pink books were "suspended"
Some investors in Ho Chi Minh City have mortgaged the land use rights of their projects and then failed to release the mortgage to complete the procedures to request a pink book.
See more
.jpg "TP Hồ Chí Minh đã cấp sổ hồng cho 51 dự án nhà ở thương mại")
