Why did Dong Nai revoke the doc recognizing that 752 items of the Aqua City challenge are eligible on the market?

Recently, Director of Dong Nai Department of Construction – Ho Van Ha signed and issued Document No. 3859/SXD-QLN-TTReals to Aqua City Co., Ltd on the cancellation of doc No. 6544 dated December 4, 2020. and Document No. 4700 dated December 28, 2021 on situations of actual property fashioned sooner or later to be put into enterprise at subdivisions 1 and 5 of Aqua City challenge positioned in Long Hung commune, Ho Chi Minh City. Bien Hoa.

Accordingly, concerning the situations of future actual property to be put into enterprise in subdivisions No. 1 and No. 5 of the Aqua City challenge invested by Aqua City Co., Ltd. with the variety of homes in In the long run, 752 items, the Department of Construction has issued paperwork 6544 and 4700.

Based on the content material of doc No. 6544 and paperwork offered by Aqua City Company Limited, the challenge investor has solely acquired a written dedication from the Public Commercial Joint Stock Bank of Vietnam (PVcomBank) – Saigon department. credit score assessment.

The assure within the sale of homes fashioned sooner or later for 752 homes in subdivisions No. 1 and No. 5 have to be assured by PVcomBank in accordance with the provisions of banking regulation, the assure contract with a time period for till the home is delivered to the customer and doesn’t exceed the challenge implementation time and progress.

At the identical time, Aqua City Co., Ltd. have to be liable for notifying the Department of Construction in case PVcomBank doesn’t signal a assure contract.

However, lately, the Department of Construction has acquired affirmation from PVcomBank confirming that because the date of being granted a credit score dedication, Aqua City Co., Ltd has not offered paperwork for the financial institution to hold out the appraisal. credit score evaluation, evaluation and approval.

“Therefore, with this official letter, PVcomBank confirms that the financial institution presently doesn’t assure the monetary obligations of Aqua City Co., Ltd. for the sale, lease-purchase of homes fashioned sooner or later for 752 home in subdivisions 1 and 5 of the Aqua City challenge”, the document of PVcomBank stated.

From the above grounds, the Department of Construction of Dong Nai province decided to cancel Document No. 6544 and Document No. 4700 on conditions of future real estate to be put into business in subdivisions No. 1 and No. 5. Aqua City project is located in Long Hung commune, City. Bien Hoa.

The Department of Construction requires Aqua City Co., Ltd. to strictly comply with the provisions of the law on housing and real estate business for raising capital in the form of selling future houses in Hanoi. project.

The Department of Construction also notified the above contents to the Provincial People’s Committee and relevant departments, agencies and sectors to know, based on their functions and tasks, to inspect and handle according to the provisions of law.

It is known that the Aqua City project is invested by Aqua City Company Limited (a member company of Novaland Group). The project has a scale of about 1,000 hectares, including 614 hectares of land area and 385 hectares of river, utilities… Aqua City provides about 15,000 products of townhouses, shophouses, duplex villas, single building, mansion.

The challenge is split into 8 foremost subdivisions together with: EverGreen 2 (aka The Stella) opened on the market in February 2019, Sun Harbor 2 (often known as The Suite) opened on the market in May 2019, The EverGreen 1 (often known as The Grand Villas) opened on the market in September 2019, Sun Harbor 3 and EverGreen 3 (aka The Elite 1&2) opened on the market in November 2019, The River Park 2 (often known as The Valencia) opened on the market in March 2020, The River Park 1 open on the market in May 2020, Phoenix Island good Phoenix Island Open on the market from December 2020, Sun Harbor 1 Close to the marina, open on the market from July 2021.