(PLO)- The term of apartment ownership should be regulated according to the life of the work based on investment, original design and can be up to 200 years.
For apartment buildings, many comments need to put the safety of residents first. Therefore, it is recommended to grant the apartment ownership period corresponding to the use period of the work.
However, it is necessary to have an openness about the use time of the works and strict and clear regulations on the rights and obligations of residents after the apartment’s life is over.
Term can be up to 200 years
Two options for apartment ownership period proposed by the Ministry of Construction in the draft Law on Housing (amended) received many comments from people, businesses and experts.
Accordingly, option 1 is to add a new regulation on the apartment ownership term, which is determined based on the use term of the work in accordance with the construction law.
Apartment buildings are springing up more and more in big cities. Photo: Q.HUY
Option 2 is to keep the current regulations (no time limit for apartment ownership, apartment buyers can own houses associated with stable and long-term land use rights).
The first flow of comments supported the project’s use-by-life plan, putting safety first. The longer the life of the building, the longer the apartment ownership period will be. However, experts say that it is necessary to regulate that there are many levels of life expectancy of the works depending on the construction technique that the enterprise invests in and must be inspected for quality.
Mr. Le Huu Nghia, Director of Le Thanh Construction – Trading Co., Ltd., said he supported the view of the Ministry of Construction when making plans on apartment ownership term.
“Currently, why are many opinions against the apartment age regulation? One is because people want to own it permanently, and secondly, because the apartment is owned for a long time, the investor can sell it at a high price and make a lot of profit. The apartment is actually a place to live, not a real estate for profitable investment. People forget that when the apartment expires, the building is degraded and unsafe and must be demolished, the long-term ownership pink book is also invalid because the object is the house is no longer there “- Mr. Nghia analysis.
With many years in the construction industry, Mr. Nghia proposed that the term of apartment ownership must be according to the term of the apartment building, with the competent authority verifying the life of the project. The project duration of 50 years, 70 years, 100 years or longer is due to the original design and construction.
Regulations on apartment ownership period are of particular interest to residents. Photo: Q.HUY
Expanding further, architect (Architect) Ngo Duc Son, General Director of DRH Holdings Joint Stock Company, said that it is necessary to have an openness in the term of use of the work depending on the construction technique and quality of the building. For example, if the project investor cooperates to transfer modern construction technology in the world, the project life is up to 200 years, the apartment ownership term is also the same.
Homebuyers must benefit from the price
In fact, there are many different types of apartment ownership terms and are accepted by buyers depending on their needs. For example, apartments rented for 49 years, apartments owned for 50 years, apartments owned for a long time… In which, apartments with long-term ownership still account for the majority.
Therefore, it is not advisable to rigidly apply a certain term for apartments, but there should be many types. When the apartment has many different types of ownership term, the selling price must also be different, buyers can access according to their needs and financial capacity.
Mr. Tran Khanh Quang, General Director of Viet An Hoa Real Estate Investment Joint Stock Company, commented: If the house ownership period is specified, the land use fee or taxes, fees, investment procedures for different types of apartment buildings with different tenor must also be different, do not equate. Such as the 50-year, 70-year term, the taxes and fees must be lower than the 100-year or long-term ownership. From there, the investor calculates the selling price of the product accordingly.
Moving towards the term of apartment ownership according to the useful life of the project is the most correct, because the most important thing is the safety of the residents. In order to carry out the rebuilding of an expired apartment, it is necessary to have a mechanism in place from the beginning and clearly notify the buyer of the ownership term. Avoiding the current situation, the old apartments are degraded but it is very difficult to clear, compensate, and build a new one.
In Vietnam, according to current regulations, the useful life of special grade and grade 1 works is over 100 years; level 2 is 50-100 years; Level 3 is from 20 years to less than 50 years… then the apartment life should follow that.
Architects NGO DUC SON,General Director of DRH Holdings JSC
Countries also have many tenors for apartments for 99 years, 199 years or forever… and the price of each type of house is different for buyers to choose from.
In addition, architect Ngo Duc Son said that the term should not be set for only 50 years and according to the land use term because this would be leveling and wasteful of investment. At that time, urban areas will lack long-lasting symbolic works, special architectural works that last for hundreds of years.
“For example, commercial and service land has only a 50-year useful life, but the investor who wants to build a lifetime project, a symbol for the city and the country, has problems with a rigid term of only one year. 50 years or according to the land use term” – Architect Ngo Duc Son cited.
In addition, experts are also concerned that the regulation of an apartment age will affect the problem of housing settlement for people in urban areas according to the State’s settlement policy. The policy of the cities is to encourage people to move to apartment buildings to create the necessary green density. The reason is that the apartment building is only built 30%-40% of the land area, and 60%-70% for trees and other infrastructure works. If the plot is divided and sold, the area of green trees will gradually decrease.
Grandfather LE HUU Nghia, Director of Le Thanh Trading – Construction Co., Ltd:
Expiry apartment, residents can sell land to divide money or build a new one
The pink book of the apartment with a long-term ownership only brings a sense of peace of mind to the buyer, but that peace of mind is pushed into the selling price by the investor.
For example, if an apartment has a term of 50-70 years but the land for building the apartment building has a certificate of long-term use right, when the life of the apartment expires and it has to be demolished, the residents still have the rights to the project land. Assuming the land is auctioned, the residents must enjoy the benefits, divide the money or the residents meet to discuss and agree to build a new building on that land.
Grandfather LE HOANG CHAU, Chairman of Ho Chi Minh City Real Estate Association (HoREA):
Recommend three types of apartment ownership
HoREA proposes to choose option 2 in the draft Law on Housing (amended) which is to keep the current regulations, without stipulating the term of apartment ownership, apartment buyers are allowed to own houses associated with the right to own houses. stable and long-term land use.
Accordingly, there will be three cases of apartment ownership as follows: One is apartment ownership with indefinite term associated with stable and long-term land use rights. The second is ownership of an apartment with a definite term associated with land use rights with a definite term. The third is to own an apartment with a definite term under the apartment purchase and sale contract with a definite term not attached to the land use right.