Long An: Lots of enterprises subdivide & sell land lot

Currently, land lot transactions that are illegally subdivided by individuals or in the form of authorization for real estate trading companies have occurred more and more. This phenomenon is increasingly complicated and outbreaking, with the participation of many people. This has created virtual fever of land price in suburban areas. Price of renting factory in industrial zone is also affected and irregularly changed.

Illegal land lot subdivision makes price of renting factory in industrial zone change

Previously, the government had a policy of prohibiting land lot subdivision and selling. Investors have to complete building factories to be allowed to sell. This is aimed at restricting slums, to form modern industrial zones and urban areas. It is to avoid unused land, breaking planning, leading to sluggish works and asynchronous infrastructure.

Many cases of "taking risks", persons sell land without planning. Investors who buy land to build factories “lose money and only get worse”. Especially, this situation has occurred more and more in Ho Chi Minh City, Long An and Binh Duong. Landbank is limited so people are tending to move to the surrounding areas. This has made real estate in Long An in quite high demand. The increase in real estate makes price of renting factory in industrial zone constantly change.

The authorities continue to get involved in preventing land lot subdivision and selling to adjust the price of renting factory in industrial zone

Many enterprises had violated in construction were handled by the authorities. It is partly because of little knowledge of law. Therefore, the land lot subdivision and selling still exist. Recently, the People's Committees of the districts in Long An province have sent official letters to the departments that are under construction of illegal projects in this province. The quick participation of the provincial authorities is considered a move to transparently deal with the situation of illegal construction.

This move of the authorities has helped prevent the virtual land fever in Long An. And then, the price of renting factory in industrial zone will be more stable. Many foreign enterprises choose to rent instead of building a factory to limit the risks of buying land. In addition, enterprises will have more time to study about the market before deciding to officially set up production site. Or enterprises can easily change production scale. Enterprises also do not need to redesign the factory and spend a lot of money.

The timely intervention of competent authorities has been effective. The situation of land lot subdivision and selling has been significantly reduced. It is hoped that illegal construction will be significantly reduced in the coming time. All aim to develop the industrial zone in the best way.