Analyst Pin-board Decree 148/2020/ND-CP: Positive impact on real estate market sentiment
Issued in December 2020, Decree 148/2020/ND-CP (effective from February 8, 2021) will be one of the main legal highlights to help real estate developers solve existing issue in project development, especially in land clearance when dealing with overlaps between public and private land. Therefore, the issuance of this Decree, along with the changes of several related laws such as the Investment Law and Construction Law, will open opportunities to solve legal bottlenecks in hundreds of projects and enhance supply in 2021. According to HoREA estimates, there are about 5,000 projects in the country that have been delayed due to the public land issues.
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