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2 clusters · 7 sources · 23 days · First seen about 2 months ago · Last updated 28 days ago

Novaland real estate project regulatory developments

Overview

Novaland Group’s real estate developments in Vietnam are undergoing various regulatory and legal processes. In Dong Nai, the Department of Construction approved nearly 3,800 residential units within the $8 billion Aqua City project to be sold as future-formed real estate, noting compliance with the 2023 Law on Real Estate Business.

Simultaneously, the Ministry of Natural Resources and Environment has directed local authorities to review legal obstacles affecting two major Novaland projects in Ho Chi Minh City: the 136-hectare Thanh My Loi B residential area and the 30.2-hectare Binh Khanh – The Water Bay resettlement area. Authorities are investigating the causes of delays and evaluating whether the Binh Khanh – The Water Bay project qualifies for special mechanisms following the revocation of previous land allocation decisions due to management violations.

Entities

Aqua City · Dong Nai Department of Construction · Thanh My Loi B · Binh Khanh – The Water Bay · Ministry of Natural Resources and Environment

Timeline

28 days ago

[BUSINESS] 5 sources
Novaland projects in Ho Chi Minh City undergo legal review
Vietnam's Ministry of Natural Resources and Environment is reviewing legal hurdles for two major Novaland projects in Ho Chi Minh City to determine potential solutions and special mechanism applications.
about 2 months ago

[BUSINESS] 4 sources
Novaland's Aqua City project receives approval for 3,800 units
Nearly 3,800 residential units at Novaland’s $8 billion Aqua City project in Dong Nai have been cleared for sale as future-formed real estate under the 2023 Law on Real Estate Business.

Sources

baochinhphu.vn · baogialai.com.vn · cafebiz.vn · cafef.vn · kenh14.vn · soha.vn · tienphong.vn