Outstanding real estate policies will take effect in early 2020

Cities under the central government will publish new land prices; Sanctioning administrative violations in the field of land; Registration of mortgages of land use rights, assets attached to land ... are outstanding policies related to real estate effective from the beginning of 2020. Cities under the central government will publish new land price lists According to Clause 1, Article 114 of the 2013 Land Law, from January 1, 2020, People's Committees of provinces and centrally-run cities must publicize new local land price tables. This price will be applied until the end of 12/31/2024. The land price list is used as a basis for calculating land use levies and taxes, fines for administrative violations in the field of land, and for calculating payments to people who voluntarily return land to the State ... Hanoi has approved a report of land prices in the area, applied from January 1, 2020 to 12/2024. Accordingly, the price list adjusts to an average of 15%. Particularly in Hanoi, the People's Council of Hanoi has recently approved a report of land prices in the area, applied from January 1, 2020 to December 20, 2424. Hanoi City agreed on an adjusted price list with an average increase of 15% compared to the period of 2014-2019. Specifically, the maximum urban land price in the inner city is located in Hoan Kiem district, on streets of Hang Ngang, Hang Dao and Le Thai To, costing nearly VND 188 million / m2; the lowest price in Ha Dong district is more than 4.5 million / m2. Violations of land will be fined up to 1 billion Slow to make pink book for people. From January 5, 2020, the Government's Decree No. 91/2019 / ND-CP on sanctioning administrative violations in the field of land officially takes effect. Accordingly, the real estate business unit or the recipient of land use right transfer without filing, failing to provide sufficient documents to the buyer for the procedure of issuing a pink book will be fined depending on the seriousness of the violation.