A PROFIT UP TO 15% OF COMMERCIAL HOUSES FOR RESETTLEMENT
This is the Government’s regulations at the Decree No. 84/2013/ND-CP promulgating regulations on resettlement house’s development and management.
According to the guidance of this Decree, resettlement house shall be developed in the forms of direct investments; investments under BT contracts and buying commercial house for resettlement.
For purchasing commercial houses for resettlement, the investor in the resettlement zone or resettlement house shall prepare the resettlement house, make a plan for buying commercial house for resettlement, specifying the location, quantity of house, the intended purchase prices, handover schedule, and submit it to the provincial People’s Committee for approval. For the building land under the management of the State or for which compensation is provided by the State, the prices shall include the cost of building, loan interest (if any), other legitimate expenses, and a profit up to 15% and for the building land for which compensation is provided by the investor, the purchase price shall include the cost of compensation and land clearance, the cost of building, loan interest (if any), other legitimate expenses, and a profit up to 10%. If the investor has to pay land levy to the State, the purchase price shall also include the land levy.
Also in this Decree, the Government promulgates that resettlement house development must comply with the construction planning approved by competent authorities, ensure the uniformity of technical infrastructure and social infrastructure, comply with legislation on house, legislation on land, legislation on investments, construction, and this Decree; resettlement house development must ensure equivalent of better life relocated households and individuals and resettlement house must comply with construction standards, ensure construction quality, safety, and be appropriate for local traditions and cultures.
This Decree takes effect on September 30, 2013.
