The Ministry of Construction is taking comments on the draft Decree on the development and management of social housing, which, already relaxed the conditions for residence and income for buyers.
The Land Law 2024 has two new regulations that are worth noting that the successful investor sets up an economic organization to implement the project; and must contribute enough capital to realize the clearance within 6 months, otherwise the successful result of the bid will be canceled. When the Land Law 2024 enters into force on January 1, 2025, the application of the above provisions may be hampered without clearer guidance provisions.