Ho Chi Minh City resolves land certificate issues for 349 projects

Ho Chi Minh City’s Working Group 1645 has successfully resolved legal bottlenecks for 349 housing projects, clearing the way for land use certificates (red books) for approximately 221,611 homes. This achievement exceeds the group's initial target by 60 projects.

Specific projects cleared include a housing development for the People's Public Security forces at 2 Song Hanh Street, managed by Phu Cuong Investment JSC, and a commercial and apartment complex at 5B Pho Quang by Hung Thinh Group. While the former has been approved for the issuance of 750 certificates, the latter requires further coordination regarding land use adjustments.

Additionally, the city is preparing to pilot commercial housing projects on over 7.1 million square meters of land in 2026. This pilot, based on Resolution 171, allows real estate businesses to develop commercial housing through land use rights agreements rather than the current requirement of owning 100% residential land.