 "Ho Chi Minh City plans to develop its first official land price framework. (Photo: SGGP)")
Accordingly, the land price framework will be developed based on the approved valuation benchmarks of three designated zones and applied to each area.
The Chairman of the Ho Chi Minh City People’s Committee has assigned the Department of Finance to coordinate with the municipal Department of Justice and other relevant agencies to review the proposal submitted by the Ho Chi Minh City Department of Agriculture and Environment regarding the selection of a consulting organization to conduct the land valuation under a streamlined contractor appointment process. The reports must be submitted to the municipal People’s Committee by September 5.
The chairpersons of all 168 wards, communes, and special zones across Ho Chi Minh City have been tasked with preparing comprehensive land price databases, including transaction records for all roads and road segments by location, zone, and bordering areas, to support coordination with the Department of Agriculture and Environment.
Simultaneously, they are required to carry out land valuation activities, review and reconcile land price data, and submit the finalized datasets to the Department of Agriculture and Environment to facilitate the timely development of the city’s official land price framework.
