The investor of Thanh Ha Urban Area (sub-area 1) urgently requested Quang Nam province to remove difficulties.
Facing difficulties in obtaining land use right certificates for individual lots and financial pressure, the investor of Thanh Ha Urban Area (sub-area 1) urgently requested Quang Nam province to resolve the issue.
The Office of the People's Committee of Quang Nam province has just forwarded a document from Royal Capital Group Joint Stock Company to the Department of Natural Resources and Environment regarding an urgent request to remove difficulties in granting land use right certificates for individual lots at the Thanh Ha Urban Area housing construction investment project (sub-area 1) in Thanh Ha ward, Hoi An city.
According to the investor of Thanh Ha Urban Area project (sub-area 1), Quang Nam province has issued a document to resolve the division of land plots, registration of changes, and issuance of certificates to transferees for housing construction investment projects.
Quang Nam Department of Natural Resources and Environment also announced the results of the inspection of the current land use status and conditions for transferring land use rights at Thanh Ha Urban Area project (sub-area 1).
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| Thanh Ha Urban Area Project (Phase 1). |
However, the Company was only allowed to carry out procedures to grant certificates for 33 lots at Block C29, out of a total of 315 lots approved by Quang Nam province for the right to separate plots and grant certificates for individual lots.
According to the reflection of Royal Capital Group Joint Stock Company, currently the implementation of procedures for granting land use right certificates for odd lots at the Quang Nam Land Registration Office and the Hoi An Land Registration Office Branch is facing many difficulties.
Despite sending many documents committing to fulfill financial obligations, up to now, the Quang Nam Land Registration Office has not yet agreed to let the Company carry out the application for a Certificate of Land Use Rights for the odd lots in Group 315.
According to Royal Capital Group Joint Stock Company, the enterprise has fulfilled its financial obligations, paying more than 695 billion VND to the State budget since May 2022, plus bank loan interest, the total investment cost for the project is about 910 billion VND.
Royal Capital Group Joint Stock Company said it is facing great financial pressure if it cannot complete the procedures to apply for land use right certificates for the odd lots out of the total 315 lots of the Thanh Ha Urban Area project, phase 1.
Royal Capital Group Joint Stock Company requested Quang Nam province to soon have specific instructions and guidance to apply for land use right certificates for individual lots, so that the company is allowed to do business in buying, selling, and mortgaging to banks.
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