Business

Construction Ministry to put real estate firms under microscope

SGGP
Several real estate companies are going to undergo inspection this year as the Ministry of Construction has recently decided to implement 90 inspections on various sectors.

(Illustrative photo: SGGP)

(Illustrative photo: SGGP)

Particularly, construction inspectors have planned to inspect a number of real estate projects in the central coastal province of Nha Trang, including public housing project P.H Nha Trang invested by P.H Nha Trang Commercial Investment Joint Stock Company, Alma Resort Cam Ranh project invested by Paradise Bay Resort Company, and PRIME Ecotourism Destination - PRIME Resorts and Hotels invested by Cam Lam Holdings.
The ministry will carry out inspections of two housing projects in Ha Noi which were invested by Military Petrochemical Joint Stock Company (Mipec), consisting of Mipec City View and Mipec Riverside Ha Noi projects.
Inspectors will look into Saigon Construction Corporation's projects, including SGC Binh Quoi 1, SGC Binh Quoi 2 and Soho Premier Binh Thanh projects and TTC Land's Carillion 5, Jamona City, Jamona Golden Silk, TTC Plaza and Jamona Heights projects,
Other real estate firms, such as LDG Group - the investor of Giang Dien residential and service area, Marina Tower Binh Duong, West Intela and High Intela, Sunshine Group, Lac Hong Investment Corporation, MBLand - the investor of Square Field project in Tay Ninh Province and Ho Tram Project Company will also suffer scrutiny.
In addition, the inspectors will carry out inspections on state management in the construction, housing and estate sector. They will verify designs and look at the licensing process for organizations and individuals in the period of 2015- 2018 period in some provinces.

By Che Han - Translated by Thuy Doan

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