(PLO)- The Ministry of Construction affirmed that real estate transactions formed in the future done through the floor will not increase unreasonable costs for investors or increase selling prices.
On June 22, Minister of Construction Nguyen Thanh Nghi had a report expected to receive and explain initially the opinions of the National Assembly deputies discussing at the group on the revised Law on Real Estate Business. .
Minister of Construction Nguyen Thanh Nghi. Photo: PHAM THANG
Trading through the floor does not increase the selling price
Regarding regulations on real estate trading floors, the Ministry of Construction said that there was a unanimous opinion that real estate transactions must go through an exchange. Another opinion suggested that regulations should not be mandatory but should only be encouraged to ensure the freedom and choice of the parties in the transaction.
Explaining, the drafting agency said that the regulation of real estate transactions formed in the future is implemented through the real estate trading floor in order to institutionalize the Party’s policy in Resolution No. 18-NQ/TW. time to ensure the synchronization of the legal system, perfect the mechanism to prevent money laundering and terrorist financing in Vietnam.
The above regulation also aims to strengthen control, publicity, transparency, and protect people’s interests in real estate transactions, but does not affect people’s freedom of activities and methods of real estate transactions.
According to the agency in charge of the drafting, the regulation on trading through the floor does not increase unreasonable costs for investors or increase the selling price. Currently, management and selling expenses of the investor usually have to be determined in the range of 8-10% of the selling price (including the costs of personnel, advertising, communication, commissions for sellers…); This cost has also been included in the selling price by the investors.
In fact, investors can spend money (using their own apparatus and resources) to organize their own sales or set up a floor or rent a real estate floor for implementation.
“This sometimes also saves selling costs for investors, because real estate brokers are professional sales units, have customer data available, are available to link exchanges, have available marketing channels, advertising… should be more effective and efficient”- the Ministry of Construction stated.
The Ministry of Construction also assessed that future-forming real estate transactions have many characteristics such as unformed assets, complex legalities of real estate projects, and conditions for putting into business must be controlled according to the actual implementation of the project. project, while these transactions are not done through notarization. Therefore, it is necessary to include transactions through the floor to ensure publicity, transparency, management, and help prevent fraudulent acts in real estate transactions.
In addition, research from many countries shows that real estate transactions are also done through real estate floors or agents, brokerage organizations …
However, the drafting agency said that it would report to the Government to continue to carefully study comments on this content, to ensure the completion of regulations on real estate trading floors accordingly.
Approving the “deposit” in the housing business…
According to the Ministry of Construction, at the group discussion session, many opinions agreed with the provisions in the draft on “depositing” in the housing business and construction works to be formed in the future.
There are opinions to propose regulations allowing real estate project investors to receive deposits from people wishing to buy houses in the future at an earlier time, before the houses are eligible to be put into business and Additional regulations limit the maximum amount investors can receive deposits.
The draft is stipulating that investors are only allowed to receive deposits when meeting the conditions that houses and construction works have met the conditions to be put into business and have performed transactions in accordance with the provisions of this Law.
The Ministry of Construction believes that houses and constructions are assets of great value, when becoming the object of a real estate business transaction, they must meet all legal conditions when being put into the transaction. This regulation aims to protect the legitimate and legitimate rights and interests of customers when signing a contract to buy a house formed in the future with a real estate project investor.
However, the drafting agency said that it would accept the opinions of the delegates, continue to study, review and complete the draft Law in order to provide appropriate regulations on the time, conditions and amount of the deposit. real estate project investors receive from customers; ensure synchronization with the Civil Code.
It is proposed that real estate formed in the future must be traded through the floor
(PLO)- The Government believes that there is a lack of regulations for the purpose of publicizing and transparent information of real estate formed in the future and put into business.
GROUP OF REPORTERS