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2 clusters · 5 sources · 25 days · First seen 29 days ago · Last updated 5 days ago

Land recovery for Regal Capital Hue project

Overview

The Hue People's Committee has issued a notice to recover land for the Tu Ha - Huong Van residential project, also known as the Regal Capital Hue project. The project is a joint venture between Regal Group Joint Stock Company and Dat Xanh Group Joint Stock Company.

Authorities cited violations of land laws under Clause 6, Article 81 of the 2024 Land Law as the reason for the decision. The recovery covers 107,378.7 square meters in the Huong Tra area. Developers have 45 days to complete necessary procedures and hand over the site to the state, or face compulsory land recovery. Construction at the site has currently ceased, leaving unfinished structures and materials abandoned.

Entities

Hoang Quan Real Estate Consulting Trading Service Joint Stock Company · Regal Group · Dat Xanh Group · Hue People's Committee · Regal Capital Hue

Timeline

5 days ago

[BUSINESS] 5 sources
Hoang Quan Real Estate assets to be seized by bank for debt recovery
A bank is seizing a residential project and 26 land plots in Ho Chi Minh City belonging to Hoang Quan Real Estate to recover unpaid debts after failed restructuring efforts.
29 days ago

[BUSINESS] 3 sources
Hue authorities order land recovery for Regal Capital Hue project
Hue authorities have ordered the land recovery of the 700 billion VND Regal Capital Hue residential project due to land law violations, halting all construction activities.

Sources

anninhthudo.vn · cafebiz.vn · cafef.vn · doanhnghiephoinhap.vn · thoibaotaichinhvietnam.vn