New real estate business conditions take effect from March 1, 2022

- Must establish an enterprise in accordance with the law on enterprises or a cooperative in accordance with the law on cooperatives, having a business in real estate;

- Must public 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 through real estate exchanges) the information about businesses, information about real estate put into business...

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

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In case an investor selected to be 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 of a large scale. using less than 20 hectares of land, not less than 15% of the total investment capital for projects with a land use scale of 20 hectares or more.

This Decree takes effect from March 1, 2022.