Discussion on the draft amended Law on Real Estate Business: Not letting developers deliberately commit violations and then 'just pay a fine and it's over'

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• National Assembly Deputy: Flipping of Off-Plan Home Purchase Contracts Must Be Banned

  At the National Assembly session on 30/10 discussing the amended Law on Real Estate Business, deputy Lê Thanh Hoàn proposed banning the transfer of contracts to buy future-formed housing, arguing the practice lets early buyers flip contracts for short-term gains and pushes genuine home buyers out of the market. Several deputies also proposed banning developers from collecting deposits or reservation fees before projects meet legal conditions; deputy Tô Ái Vang suggested that 5% of deposits be placed in a blocked account at the project's guarantor bank. Minister of Construction Trần Hồng Minh said the draft already bans collecting deposits before projects are eligible and that violations will be handled under civil law. The National Assembly plans to consider and adopt the law on 21/11.

  VnExpress·30/10, 03:23▼ DIG▼ DXG▼ KDH▼ NLGreal estatehousingregulation
• National Assembly deputy: Need to ban 'flipping' of off-plan home purchase contracts

  Deputy Lê Thanh Hoàn proposed banning the transfer of purchase contracts for homes not yet built (“homes on paper”) to curb speculation, during the National Assembly's morning debate on 30/10 on the amended Law on Real Estate Business. He argued that current law transfers the position in the contract rather than a finished property, allowing early buyers who pay a deposit and small installments to resell at higher prices, with returns on invested capital possibly many times larger. He cited China and South Korea, which restrict such transfers. Several deputies also urged banning developers from collecting booking or deposit funds before a project meets legal conditions, and Deputy Tô Ái Vang proposed placing 5% of deposits into a blocked account at a guarantor bank. The National Assembly is expected to approve the bill on 21/11.

  VnExpress·30/10, 03:23▼ DIG▼ DXG▼ HDC▼ KDHreal estatehousingregulation
• Tightening Resale of Social Housing After 5 Years: What Happens to Buyers' Rights?

  The draft amended Housing Law proposes allowing social housing (NƠXH) to be resold only after 5 years and only to eligible buyers, instead of being transferred under the current market mechanism. Many opinions say a clear transitional mechanism is needed to protect those who bought under the old rules. A resident of the Đại Kim social housing project in Hà Nội said current listings are around 60-65 million VND/m², 4-5 times the original price of over 14 million VND/m², and worried that narrowing buyer eligibility and capping prices would hurt existing owners' rights. Lawyer Hoàng Hà (Ho Chi Minh City Bar Association) said the policy must clarify who can buy resold units, set transparent and objective pricing rules, and adopt transitional provisions based on when the buyer's rights were established. He argued that buyers who signed valid contracts before the new law takes effect should keep resale rights under the old rules, even if they have not held the home for 5 years or do not yet wish to sell.

  CafeF·30/10, 02:24housingreal estateregulation
• Minister of Agriculture and Environment: No abuse of land recovery

  Minister of Agriculture and Environment Trịnh Việt Hùng said land recovery under the draft amended Land Law must be strictly controlled, not abused, and not hinder project implementation. The draft shifts from compensating recovered assets to rebuilding people's lives, and requires each land plot to have a unique nationwide identifier. Land price tables and price adjustment coefficients issued by provincial People's Councils will apply from 1/1/2028, and the government proposes continuing the pilot for transferring land-use rights for commercial housing under Resolution 171/2024/QH15 rather than codifying it now. Nationwide there are about 105 million land plots, over 70 million with data and nearly 44 million connected, and the government has assigned the ministry to complete the land database in 2026.

  CafeF·29/10, 12:36real estateVietnamregulation
• National Assembly deputy: Land price adjustment coefficients should be reviewed annually

  Deputy Lê Văn Thế (Ninh Bình) proposed reviewing the land price adjustment coefficient (K) at least once a year, instead of once every 3 years as in the government's draft amended Land Law. He argued that an annual review does not mean an adjustment, and that prices for newly formed roads and areas missing from land price tables need timely supplementation. Deputy Hoàng Quốc Khánh (Lai Châu) suggested letting the provincial People's Committee set and adjust the K coefficient within limits approved by the provincial People's Council, while Deputy Lê Hữu Trí (Khánh Hòa) called for uniform national principles for determining it. The draft has 3 chapters and 112 articles, 148 fewer than the current law, and the National Assembly plans to vote on November 21.

  VnExpress·29/10, 03:42• DIG• DXG• DXS• HDCreal estateVietnamregulation
• Construction Minister: Social housing cannot be resold at market price after 5 years

  Construction Minister Trần Hồng Minh said social housing is a humanitarian policy supporting low-income people, so after 5 years it cannot be resold at market price and must be sold to the eligible beneficiaries to prevent policy abuse. Most National Assembly deputies supported the policy but asked for controls on selling prices after 5 years, while some proposed that owners transfer only to investors, who would then resell to buyers. Current social housing prices range from VND 15-29 million per m2 depending on the locality, reflecting construction, infrastructure and interest costs. From now to 2030, localities are assigned 899,857 units for development, including 191,023 rental units; Ho Chi Minh City has the highest target at 181,257 units. The National Assembly will vote on the draft Law on Housing (amended) on November 21, and if passed, it takes effect July 1, 2027.

  VnExpress·28/10, 11:26housingreal estateregulation

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