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One of the most important factors when looking to buy a real estate project is its legality. Even if the project has a beautiful location, high-end amenities with an attractive price, but its unclear legality also contains many potential risks. So what is the legality of The Global City?
On March 18, 03, contractor An Phong Construction held a groundbreaking ceremony for the project. According to available information, project The Global City Currently under construction with many internal facilities gradually completed.
Important milestones demonstrating the legality of The Global City
- January 12, 01: In Decision No. 2001/QD-TT, the Prime Minister approved the Project to become a Golf Course – Sports and Housing Complex.
- November 30, 11: In Decision No. 2015/QD-UBND, Ho Chi Minh City approved the detailed planning adjustment project at a scale of 6292/1 of Saigon Binh An Urban Area (now The Global City Urban Area), with an area of 500m1.174.221,9 located in An Phu Ward, District 2.
- February 15, 02: In Document No. 2017/TTg-CN, the Prime Minister approved the adjustment to an urban area project with a total area of 224 m1.174.221,9.
- December 18, 12: In document No. 2020/GPXD, the Ho Chi Minh City Department of Construction granted a construction permit to Saigon Investment and Development Joint Stock Company to construct technical infrastructure works for the urban area. global market of the city.
Ownership period of The Global City project
According to Vietnamese law, the land ownership period is 50 years from the date of issuance of the Land Use Rights Certificate. However, the investor Masterise Homes has been granted a long-term land use rights certificate for The Global City project with an ownership period of up to 70 years, helping customers who buy land in the project to be assured of owning and doing business for a long time.
This is a rare project that is granted a red book, especially for foreigners, the term of use is still 50 years according to current regulations.
Will customers transacting at The Global City project sign a written agreement or a Sales Contract?
Because the project has completed all legal procedures, customers only need to pay 10% to sign a Sales Contract directly with the investor.
HOW TO BUY AND VISIT THE GLOBAL CITY PROJECT?
Customers who want to be supported with consulting on The Global City project, please contact hotline: 0918 195 449
SaiGon Luxury Real Estate Company
