Specifically, those investors temporarily paying part of land use fee to get land use right certificate but not fully paying the fee and other land relevant taxes and fees will not be allowed to sell their products.
The committee also asked the Department of Natural Resources and Environment to notice the legal status of projects and some limitations to land user rights in case investors have not completed financial obligations. That aims to reduce risks in credit relations or other trades.
In fact, many investors have not done their financial responsibility but still offered apartments for sale and handed over apartments to buyers. Therefore, customers are ineligible for getting house ownership certificates.
According to current regulations, housing investors must complete all relevant financial obligations to sell products and get house ownership certificates from the Department of Natural Resources and Environment for their customers.