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red-check Law on real estate trading 2015

Law No. 66/2014/QH13status2 dated November 25, 2014 of the National Assembly on real estate trading
Posted: 9/12/2014 12:46:54 PM | Latest updated: 24/8/2022 11:08:35 AM (GMT+7) | LuatVietnam: 3629 | Vietlaw: 180
VietlawOnline

This Law stipulates real estate trading, rights and obligations of organizations and individuals to conduct real estate trading and state management of real estate trading.

According to Article 10 of this Law, enterprises conducting real estate trading must have legal capital not smaller than VND 20 billion, increased by VND 14 billion in comparison with the former level

Regarding the scope of real estate trading, this Law adds more forms of trading real estate for FDI enterprises. The additional forms include:

- Rent buildings for sublease;

- Receive total or a part of real estate project from investors to build buildings on it for sale, for lease, or for lease purchase;

- Build buildings on land which is leased out or transferred in industrial parks, industrial complexes, export-processing zones, hi-tech zones, or economic zone for trading for the proper land use.

This Law takes effect from July 1, 2015 and replaces Law on real estate trading No. 63/2006/QH11status1 .

Ms. Phuong Thao (VietlawOnline.com)
Please tag VietlawOnline.com when reposting this article

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Penalty document

Unknown

Information

Effective date 1-Jul-2015
Expired date Unknown
Published Vietlaw's Newsletter No. 180

Files attachment

enflag pdficon LL66_25112014QH13[ENGLISH].pdf

Timeline

Real estates trading

blue-check Many regulations on real estate trading are expected to be amended
blue-check Brokerage companies are not required to share data on real estate trading
blue-check Regulations on real estate trading applicable to FDI enterprises
blue-check Regarding procedures for making adjustments to investment registration certificate after transfer of a real estate project
blue-check Issues relating to sale of off-plan houses
blue-check New regulations on developing and using housing and real estate market information system
blue-check Regarding management of operation of real estate trading floors
blue-check Issues relating to transfer of real estate project
blue-check Only real estate enterprises are allowed to receive the transfer of real estate projects
blue-check Notes in relation to real estate trading in Vietnam for FDI enterprises
blue-check Current regulations on real estate trading
blue-check 3 methods for selection of investors of commercial housing projects under the Law on Housing
blue-check How to determine a project owner if there are multiple qualified investors
blue-check Notes in relation to sale and purchase of future-acquired houses
blue-check Building management service is not eligible for 2% VAT reduction
blue-check There are changes in procedures for transfer of real estate project from January 1st, 2021
blue-check Notes relating to declaration of transfer price of real estate on contract
blue-check Noticeable changes in requirements for real estate trading from March 1st, 2022
blue-check Regarding scope of real estate trading of FDI enterprises
blue-check There is no requirement of minimum residential land area in a commercial housing construction project