Thousands of apartments wait for ownership certification in HCMC

Thousands of customers have bought apartments and dwelled there for a long time but do not know when they will receive ownership certificates as per investors’ commitments.

The area for developing a park at Khang Gia apartment block, Go Vap district is abandoned (Photo: SGGP)

The area for developing a park at Khang Gia apartment block, Go Vap district is abandoned (Photo: SGGP)

The HCMC Taxation Department has recently announced the list of 209 tax debt businesses comprising real estate companies, who are investors of apartment blocks where dwellers have long waited for ownership certificate granting.
Among them, Khang Gia Investment and Development Real Estate Company has been in tax arrears of VND2.3 billion since 2016.
In May 2014, Khang Gia handed over 338 apartments to customers at Khang Gia Tan Huong apartment block at 377 Tan Huong, Tan Phu district. For the last three years, dwellers have lived with incomplete exit ways, no ownership certificates and no management boards.
The HCMC Department of Construction’s inspectorate in August last year inspected, penalized the company VND45 million for illegal construction and asked the company to demolish all illegal works.
Specifically, the company on its own built 61 apartments in the ground floor, mezzanine and the second floor of the apartment block, where have been licensed for commerce, service, kindergarten and swimming pool. Of the illegally built apartments, two measure only 15 square meters each.
Khang Gia Go Vap apartment block in Go Vap has neither management board nor ownership certificates for 600 commercial apartments there.
The investor has built gym and yoga rooms in the area meant for a park and been strongly opposed by dwellers. Therefore, it has dismantled these works, leaving a sleazy site.
Through disputes and complains, the HCMC Department of Construction said that investors of 20 apartment blocks have slowly done procedures to get ownership certificates for apartment buyers. Many of them have opened for dwellers for tens of years.
Phuc Thinh apartment block at 341 Cao Dat, District 5 invested by Truong Thinh Investment and Construction Company has handed over apartments to customers since 2005 but it is unclear when ownership certification will complete. Under pressure by dwellers, the company has promised in writing to speed up process without any progress.
Similar conditions have occurred in many other apartment blocks such as Dinh Hoi in Ward 16, District 8 by investor Le Minh M.C Company; My Vien in Tan Phu ward, District 7 by Phu My Hung Development Company; Trung Dong at 30 Trinh Dinh Thao, Hoa Thanh ward, Tan Phu by Trung Dong Investment Consulting & Development Corporation.
Tan Phu district alone has 12 apartment blocks which ownership certificates have not been granted. So the district must work with apartment block management boards and investors to solve disputes, complaints and difficulties.
The department has asked relevant sides to review all cases which apartment buyers have not received ownership certificates and consider transferring them to the Department of Natural Resources and Environment to settle.

By LUONG THIEN – Translated by Hai Mien

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