Project temporarily suspended transactions
Land plot No. 132 Ben Van Don, District 4 has just been put on temporary suspension of transactions by the People’s Committee of Ho Chi Minh City at the request At the request of the Police Investigation Agency, this agency is investigating a case of violation of regulations on management and use of state assets causing loss and waste at the Southern Food Corporation (Vinafood II) and relevant units.
To serve the investigation, the police investigation agency requested the City People’s Committee to direct the authorities to temporarily stop handling the conversion, transfer, lease, sublease, inheritance, donation, mortgage. land use rights; capital contribution by land use rights for the land area of 7,327m2 at 132 Ben Van Don, District 4 (except for the pink book issued to the buyer).
At the same time, Ho Chi Minh City temporarily stopped the settlement. Resolve the registration to change the registration certificate enterprise for Phu My Hung Investment Joint Stock Company – project investor. In case a transaction arises or requires the People’s Committee of Ho Chi Minh City to notify in writing the Police Investigation Agency of the Ministry of Public Security to coordinate the resolution.
The land area 132 Ben Van Don, District 4 is to be developed as a project area. luxury residential area with the trade name Millennium. The project owns a prime location with 2 frontages of Ben Van Don – Nguyen Huu Hao, just one bridge from District 1 (Ong Lanh bridge). The project investor is Phu My Hung Investment Joint Stock Company and Phat Dat Real Estate Development Investment Joint Stock Company (stock code: PDR) develops the project.
Project scale The project includes 6 podium floors, 28 tower floors and 3 basement floors with about 650 apartments. The project provides the market with apartments from 53m2 to 107m2, office apartments and shophouses. Total investment capital is about 2,000 billion VND. The investor started the project in 2016 and handed it over in 2018.
Legal issues of the project
According to documents checking the current status of land, housing and construction works Project construction by the Department of Natural Resources and Environment (2019) Ho Chi Minh City People’s Committee has allowed Vinafood II to change the purpose of using land 132 Ben Van Don to implement the project (2008).
Vinafood 2 paid the budget value of land use rights according to approval and were granted land use rights certificates and then contributed capital to Vinh Hoi Investment and Development Joint Stock Company.
Vinh Hoi Company later This company merged with Phu My Hung Investment Joint Stock Company, from which Phu My Hung became the new investor of the project.
In 2013, the Department of Natural Resources and Environment of Ho Chi Minh City issued a Certificate of Use Rights. Land number CT28263 for land area 132 Ben Van Don. At the same time, Phu My Hung Company fulfilled its obligations finance at the land and project.
In 2016-2017, the Ho Chi Minh City Department of Construction issued a permit to build the underground and body of the project. In February 2017, the Department of Construction issued an official dispatch confirming the project’s eligibility to sell houses to be formed in the future.
In 2018, the Ministry of Construction of Ho Chi Minh City issued a document accepting the acceptance results of completed construction. Project submission at 132 Ben Van Don. In 2019, the Department of Natural Resources and Environment of Ho Chi Minh City issued a document examining the current status of land use for housing and construction works at the 132 Ben Van Don project.
In this document, the Department of Natural Resources and Environment Ho Chi Minh City has suggested that the Ho Chi Minh City Land Registration Office receive documents to consider issuing Land Use Rights Certificates, ownership of houses and assets attached to land for apartment buyers at the project.</p >
Recently in April, the Department of Natural Resources and Environment of Ho Chi Minh City issued a list of projects that have been assessed and are eligible to issue certificates to home buyers, including project No. 132 Ben Van Don with a total of 653 units. household.
The investor, Phu My Hung Company, said that it received shares transfer from Nguyen Kim Company and other individuals under the Share Transfer Contract in 2015, so it is not related to Vinafood 2.
The company also does not directly work with Vinafood 2 Company. Based on legal grounds, Phu My Hung confirmed that it has sold the project’s products and handed over the apartments to customers. in accordance with regulations.
Regarding the decision to temporarily suspend the conversion, transfer, lease, mortgage of land use rights… at the land lot 132 Ben Van Don, investor Phu My Hung believes that it will affect the process. issue land use rights certificates to customers and cause confusion among people.
Therefore, the investor recommends that the Police Investigation Agency of the Ministry of Public Security quickly reach a conclusion on the investigation. Investigation and Ho Chi Minh City People’s Committee have specific instructions on issues related to the conversion, transfer, lease, mortgage of land use rights… at the project and issuance of Land Use Rights Certificates to ensure the legal rights of people.
