Ho Chi Minh City aims to issue land ownership certificates for more than 68,000 houses in 2026.

Ho Chi Minh City is accelerating the removal of legal obstacles in the real estate sector with the goal of resolving approximately 60 projects in 2026, equivalent to more than 68,000 houses and commercial/service properties that have not yet been granted ownership certificates.

This move is expected not only to ensure the legitimate rights of citizens but also to contribute to boosting liquidity and supporting the recovery of the real estate market after a prolonged period of stagnation.

To expedite the process, the Director of the Ho Chi Minh City Department of Agriculture and Environment, Nguyen Toan Thang, signed and issued the implementation plan of Task Force 1645 on granting land use rights certificates and ownership certificates for assets attached to land in housing, commercial, and service projects in the city.

According to the plan, all projects that have not yet been granted land ownership certificates, including those already in use and those with outstanding issues arising in 2026, will be reviewed and categorized into groups of obstacles to determine specific solutions. The city aims to resolve approximately 30% of the backlog each quarter, striving to issue around 61,200 land ownership certificates this year, equivalent to about 90% of eligible applications.

According to the Ho Chi Minh City Department of Agriculture and Environment, the main reasons for the delay in issuing land ownership certificates in recent times stem from legal issues and financial obligations of the investors. Four major obstacles include incomplete resettlement housing funds, failure to determine social housing obligations, failure to hand over technical and social infrastructure, and delays in handing over the apartment building maintenance fund.

To address these issues, the Department of Construction is tasked with reviewing and proposing solutions for each group of problems; the tax authorities will determine the financial obligations of the investor and homebuyers; and local authorities will compile a list of projects that have been handed over but have not yet been issued land titles to coordinate the handling of these issues.

Notably, the Ho Chi Minh City Land Registration Office has been assigned as the central point for receiving information from various channels to ensure that no outstanding projects are overlooked. The city also allows homebuyers to directly submit applications for land ownership certificates instead of relying entirely on developers as before, thereby shortening processing time.

Ho Chi Minh City aims to issue land ownership certificates for more than 68,000 houses in 2026. (Illustrative image).

According to statistics, after more than 60 meetings, Task Force 1645 has processed 251 projects, including 219 projects with over 33,000 houses eligible for land ownership certificates. Many long-standing projects have been resolved through regular meetings and processing in specific groups.

Chairman of the Ho Chi Minh City Real Estate Association (HoREA), Le Hoang Chau, assessed the establishment of Task Force 1645 as a pioneering solution that contributes to resolving the rights of tens of thousands of homebuyers and creating positive changes for the city’s real estate market.

According to HoREA, expediting the issuance of land ownership certificates not only helps people complete their property ownership rights but also facilitates transfer, mortgage, and capital mobilization transactions. When legal issues are resolved for projects, cash flow and liquidity in the market will improve significantly.

Currently, Ho Chi Minh City is also focusing on resolving several specific projects such as the 4S Linh Dong apartment complex, the social housing project in Cat Lai ward, the An Phu apartment complex, and the First Home project – projects that have handed over apartments but still have legal or financial obligation issues.

In the context of a real estate market still facing many difficulties, removing bottlenecks in issuing land ownership certificates is considered a crucial solution to strengthen the confidence of homebuyers, businesses, and investors, while promoting the sustainable recovery of Ho Chi Minh City’s real estate market.