Stricter Land Management Imposed In Da Nang
The local government of Da Nang has released a public document that asks for cooperation from the brokers of real estate as well as the land transactions to make sure that land management is done properly and supervision is conducted at all times. This is to avoid cases of unusual price increase due to the dissemination of wrong information. This is to make sure startup businesses such as restaurants in Danang are not taken advantage of.
According to Da Nang Standing Party Committee, if any person or group is found to be creating and spreading false rumours about specific development projects will be facing the necessary punishment.
Based on the report recently published by Viet Nam News Agency, the main reason why the prices of land located around central city has significantly increased lately is because of the false rumours that were fabricated by brokers.
It is important that correct information regarding real estate market is given to the citizens as well as the investors in a timely manner. This is to avoid instability in the market.
Before the end of last month, there has been a rumour going around that a number of communes located in Hoa Vang District are to be transformed into a newly developed district to be called Hieu Duc. This false information is the reason why speculations along with sudden increase in real estate activity in the said district.
At the beginning of this month, the rumour was officially announced as false by the Department of Home Affairs of Da Nang.
An expert advice was given by Hoa Vang District People’s Committee to those who are planning to buy. This is to make sure that they conduct careful planning beforehand.
Another incident that caused an increased in land prices around Hoa Xuan Ward is the fake document that was spread through social media. It claims that the People’s Committee has already given the green light for the bridge that will connect Hoa Xuan Eco-Urban located in Cam Le District and the Bui Ta Han Street which is in Ngu Hanh Son District. Entrepreneurs including those planning to purchase spaces for restaurants in Danang were greatly influenced by this piece of information which was later revealed to be false.