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Vietnam property
Vietnam Property Real Estate Portal Site is established with the aim to build a largest website providing real estate information, news, pricing for foreigners who want to invest in Vietnam. |
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Vietnam property
Luxury five star resort in Da Nang, land area: 17ha, beach-front view, the owner already obtained investment license, form joint stock company, get the land from the government in 2007. No development has been done on the land so far. |
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Apartment for rent in vietnam
Located in district 01 on Le Thanh Ton street, Hochiminh City, this is very nice&high quality penthouse. 3 bedrooms plus maidroom, 02 living room and huge kitchen, nice panoramic view of the HCM city, partly furnished,... |
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But most of the customers said they wanted to meet with Than directly to resolve the matter at once as it has been dragged on for too long.
Land for the building was granted in April 2005 and in November 2006, the city Construction Department allowed the company to build office and apartments there, but half of the apartments had to be rented out.
But the company offered to sell more than half of the apartments at VND12.9 million (US$680) on average per square meter, and the construction caused cracks and land collapses in nearby houses, so it was suspended in 2007.
“If criminal charges cannot be pressed against the companies, we suggest posting their violations on the websites of HCMC People’s Committee, the city Department of Construction and the Ministry of Construction,” the department said in a note to the committee Friday.
More than a year ago, "Adonis" residential buildings invested in by the Van Thinh Hung Company in HCMC made headlines when it was found that the building was happening only on paper. Customers could not sue the company as the authorities said it was civil dispute, so the customers ended up receiving their money back little by little.
Bui Tien Thang, deputy general director of Sacomreal, the real estate arm of Saigon Commercial Bank (Sacombank), said customers of real estate projects need to pay attention to liability clauses in the contract.
Thang said the contract needs to specify the responsibility of the developers, how they will be fined and what the compensation will be if the customers do not get what they are promised in the contract.
He said it is better that customers invest in listed developers who will be afraid of their stock value being affected by bad reputations.
Reported by Minh Tuong