Home Business Temporarily suspending trading of 3 ‘golden land’ projects in Phan Thiet

Temporarily suspending trading of 3 ‘golden land’ projects in Phan Thiet

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Binh ThuanThree projects temporarily suspended transactions include: Phan Thiet beach tourism urban area, Tan Viet Phat 2 residential area and Hamubay Phan Thiet.

On August 20, Binh Thuan Department of Justice requested notarial practice organizations to stop notarizing transactions, buying, selling and transferring real estate for 4 companies (investors) related to the 3 projects mentioned above. at the request of the Investigation Police Agency of the Ministry of Public Security.

Phan Thiet beach tourism urban area, one of three projects temporarily suspended trading transactions. Photo: Viet Quoc

Specifically, temporarily suspending transactions with Rang Dong Joint Stock Company and Phan Thiet Sea Tourism Urban Area Company Limited at the project. Phan Thiet beach tourism urban area; Tan Viet Phat Joint Stock Company at the project Tan Viet Phat residential and commercial area 2; Thanh Phuc Hai Truong Phuc Hai Investment and Construction Company at the project Sea encroachment area – residential rearrangement and urban embellishment of Duc Long ward (trade name Hamubay Phan Thiet).

Particularly for the records of real estate transactions in the three projects mentioned above, where the owner of the land use right certificate is a household or an individual, it will still be carried out in accordance with the provisions of the Civil Code. , Land Law, Notarization Law and guiding documents.

In early August, Binh Thuan Provincial People’s Committee sent a document directing the Department of Justice to suspend transactions of these projects at the request of the Investigation Police Agency of the Ministry of Public Security.

These are 3 out of 10 real estate investment and business projects in Binh Thuan that the Ministry of Public Security is focusing on investigating signs of law violations. Among them, the project Phan Thiet beach tourism urban area (conversion from golf course to urban land) is under the supervision of the Central Steering Committee for Anti-Corruption.

Viet Quoc

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