Changing conditions for real estate business from March 1, 2022

Accordingly, there are some changes in the conditions of organizations and individuals doing real estate business. Specifically, organizations and individuals trading real estate must meet the following conditions:

- Enterprises must be established according to the provisions of the law on enterprises or cooperatives according to the provisions of the law on cooperatives, having real estate business;

- Must be publicized on the enterprise's website, at the headquarters of the Project Management Board (for real estate investment projects), at the real estate trading floor (for business cases). business through the real estate exchange) information about the business, information about real estate put into business,... (New content)

- Only trade in real estate that fully meets the conditions specified in Article 9, Article 55 of the Law on Real Estate Business . (New content)

In case an investor is selected as the investor of a real estate project according to the provisions of law, such investor must have an equity capital of not less than 20% of the total investment capital for a project with the scale of land use is less than 20 ha, not less than 15% of the total investment capital, for projects with a land use scale of 20 ha or more.

(Currently, organizations and individuals doing real estate business must have a legal capital of not less than 20 billion VND).

Decree 02/2022/ND-CP takes effect from March 1, 2022, replacing Decree 76/2015/ND-CP .

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