Research model for online real estate trading like stocks

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Research model for online real estate trading like stocks

Project news

17/02/2025

Land procedures such as buying and selling, notarization, taxes, and real estate transaction registration can be done online like stock transactions, according to the Ministry of Construction.

The above task was proposed by the Ministry of Construction in the plan to implement the Prime Minister's request to rectify price manipulation, real estate speculation and promote social housing.

In the second quarter, the Ministry of Construction will coordinate with the Ministry of Justice, Finance, Natural Resources and Environment to study the securities trading model to digitally convert land procedures. People can trade real estate, notarize, tax, and register transactions in the electronic environment.

The Ministry of Construction will also study the pilot project of the real estate and land use rights trading center model managed by the State in the second quarter to increase the openness and transparency of the market. The information center of this ministry will complete the software system, connect data and ensure the security of the information system.

The Ministry of Public Security is also required to complete and operate the national housing database system, connecting with the national database on population, notarization, land, investment, construction, etc. This system will regularly update real estate transactions, legal status of projects, real estate eligible for business or inventory.

According to the 2024 Land Law, the model of the national land information system needs to ensure concentration, interconnectivity nationwide and multi-purpose use. The law stipulates the responsibilities of the Ministry of Natural Resources and Environment and localities in ensuring the operation of this system in 2025.

Also in the plan, the Ministry of Construction said it will strengthen inspection and handling of violations in social housing as well as areas and projects with abnormal price increases.

Ngoc Diem