Ho Chi Minh City considers 147 land plots for commercial housing pilot

The Ho Chi Minh City People's Committee has submitted a proposal to the City People's Council to consider a list of 147 land plots for pilot commercial housing projects. Covering a total area of over 854 hectares, the pilot program is intended to be implemented under Resolution 171/2024/QH15.

The proposed land includes 94 plots previously under Ho Chi Minh City, 19 in Ba Ria - Vung Tau, and 34 in Binh Duong. Of the total area, approximately 457 hectares consist of existing residential land or land slated for conversion to residential use, while about 341.51 hectares involve converting rice paddy land into residential land.

Officials clarified that approving this list only establishes a basis for subsequent pilot procedures and does not constitute investment approval, land allocation, or permission for land-use purpose conversion. Under Resolution 171/2024/QH15, which takes effect on April 1, 2025, for a five-year period, businesses will be permitted to negotiate the acquisition of agricultural or non-residential land for commercial housing development, provided the land aligns with urban planning and housing development programs.