The investor continuously breaks his promises, Imperial Plaza residents are tired of waiting for the pink book

Investor keeps breaking promises, apartment residents are tired of waiting for pink book

Residents report that investors continuously break promises

According to reports of many residents living in project Imperial Plaza 360 – Complex of housing, public services, offices and schools at 360 Giai Phong Street (Phuong Liet Ward, Thanh Xuan District, Hanoi) 43313 Investor is Thang Long Investment and Trading Group Joint Stock Company (referred to as Thang Company Long) has handed over the IP1IP3 building apartment to residents. Next, in 2019, the investor will hand over the IP2 apartment to residents. But since then, the investor has not yet handed over the pink books for the apartments of this apartment building.

Imperial Plaza residents are tired of waiting for the pink book

3 buildings IP1IP2IP3 of the Imperial Plaza Project 360 Giai Phong (Thanh Xuan – Hanoi) has handed over the apartments to residents, but until now the pink book has not been handed over to the households (Photo: Do ​​Quan).The representative board and residents have repeatedly petitioned Thang Long Company to fulfill its commitment to hand over the pink book, but enterprise continuously breaks promises, causing frustration in the resident community.

Specifically in Document No. 27 dated April 6, 2020, Thang Long Company responded to the Resident Representative Board and all building residents that they will issue pink books to IP1 building in the second and third quarters of 2020; Issue pink books to IP3 court in the third and fourth quarters of 2020 and IP 2 court in the fourth quarter of 2020 and first quarter of 2021. However, after the above time, the apartment owners still have not received the pink book as committed by the investor.

By June 2021, Thang Long Company issued a document committing to complete the issuance of the pink book. pink books for apartments during the period from June 1, 2021 to September 30, 2022 with specific progress: From June 1, 2021 to March 31, 2022, complete the issuance of pink books to residents of IP1 building; From April 1, 2022 to June 30, 2022, complete the issuance of pink books for residents of IP3 building; From July 1, 2022 to September 30, 2022, the investor will complete the issuance of pink books to residents of IP2 building.

Imperial Plaza residents are tired of waiting for the pink book

However, as of May 9, according to residents’ feedback, the investor has not yet handed over the pink books. as committed.

Meanwhile, Clause 4 of Article 13 of the Law Business Real estate clearly stipulates: Within 50 days from the date of handing over the construction project to the buyer or from the date of expiry of the lease purchase, paperwork must be completed. Procedures for a competent State agency to issue a certificate of land use rights, ownership of housing and other assets attached to land to the buyer, the lessee-purchaser, unless the buyer or lessee-purchaser has a written request to carry out the issuance procedures themselves. certificate.

“We have paid 95% of the apartment purchase price and 2% of the maintenance fee and received the house from 2018 – 2019 but until now we have not been issued a pink book. In the sales contract between the two parties, when we receive the pink book, we must pay 5% of the remaining amount. Spending several billion dong to buy an apartment that has not been registered for more than 1,000 days makes us very confused. Without a book, we cannot mortgage the apartment to borrow money from the bank to repay the debt,” said a frustrated resident.

Can’t issue a pink book because the project is mortgaged by the bank?

Due to waiting too long, Mr. T.V.Ba, a resident of the apartment building, brought the apartment documents at IP1 building to the Hanoi Department of Natural Resources and Environment to request a certificate of use rights. land, ownership of houses and assets attached to land.

However, the Land Registration Office of the Hanoi Department of Natural Resources and Environment has responded in writing to Mr. B. that this project has been completed. mortgaged by Thang Long Company at Vietnam Public Commercial Joint Stock Bank (PVcomBank). Therefore, the issuance of certificates to home buyers in this project is not eligible for settlement.

” In case Mr. B. believes that there was an improper implementation of the purchase contract between him and the investor, resulting in the real estate he bought not meeting the conditions for the land registration agency to register ownership and grant Certificates of land use rights; request Mr. B. to send the lawsuit to the competent court agency to be resolved according to the provisions of Article 26 of the 2015 Civil Procedure Law” document of Hanoi Land Registration Office responding to him. B.

However, talking to a reporter Dan Tri, the investor’s representative said that the IP4 building project in 2013 was licensed to be built as a townhouse until 2017. changed to an apartment project. But currently, the Department of Finance and the Department of Natural Resources and Environment of Hanoi have not agreed on the tax calculation time for this building, so up to now the investor has not been able to pay taxes according to regulations If the investor has not yet completed the tax obligations for the IP4 building, he cannot carry out procedures to issue pink books for the apartments of the IP1IP2IP3 building.

Imperial Plaza residents are tired of waiting for the pink book

The location of this under-construction IP4 building in 2013 was approved for construction as a townhouse. By 2017, this project was transferred to construct an IP4 apartment building. (Photo: Do ​​Quan).

On the other hand, according to the investor’s representative, because the tax payment time has not been determined, the IP4 building is having to stop construction.

Talking about the project being mortgaged by the bank, leading to the apartments, even though the buyer has paid in full, they are still not eligible for a pink book. The investor’s representative explained: “A bank mortgage is a mortgage. The entire project and the apartments that have completed their financial obligations are not completely eligible to be granted pink books. We have submitted the application for pink books to the Hanoi Department of Natural Resources and Environment . When the authorities have determined that the above IP4 court tax issue is complete, the pink book for the apartments will also be issued.

But confirmed with reporter Dan Trirepresenting the Land Registration Office – Department of Natural Resources and Hanoi Environment said: “The project is mortgaged at the bank. Currently, the investor has sold the apartment to a customer who wants to make a pink book, the investor must release the mortgage. This is the investor’s job.”

What did the bank receiving the mortgage say?

Also related to the issue of mortgage release, in a written response to Mr. L. – a household buying an apartment in the IP2 building of the project on PVcombank said: On June 30, 2016, the investor and PVcombank signed a project mortgage contract. Accordingly, the investor mortgaged the project’s assets (mortgaged assets including Mr. L.’s apartment) to PVcombank to ensure the investor’s payment obligations to PVcombank. The two parties have completed the procedure for registering a mortgage at the Hanoi Land Registration Office in accordance with the law.

PVcombank also said that through review, Mr. L. has paid the investor. Invest 95% of the total apartment value for the investor. This amount has been fully recorded in the investor’s account opened at PVcombank for PVcombank to collect debt. Accordingly, Mr. L.’s apartment is eligible for mortgage release.

However, PVcombank said that the unit has worked with the investor many times and has issued many documents requesting the investor to quickly release mortgages for home buyers including Mr. L’s apartment, but has not received an official written response from the investor.

Therefore, in order for PVcombank to have enough basis to complete the apartment mortgage release procedures, PVcombank requests that Mr. L. contact the investor to carry out the procedure. The apartment mortgage release procedure is currently underway.

In addition to the pressing issue of not being issued a pink book, residents here also said that up to now, the building where they live has not yet had the investor organize a housing conference. apartment building to establish a Management Board. Because there is no Management Board, the investor has not yet returned the 2% maintenance fee to residents, leading to damages in the building that residents have to pay out of their own pocket to repair.