In an aim to prevent illegal activity in the property sector, the Ho ChiMinh City administration has directed the Department of Construction todistribute legal documents on real estate business and services toproperty transaction floors.

The documents includeinformation about real-estate brokerage and price assessment andmanagement, according to the People's Committee.

ThePeople's Committee also asked the department to conduct inspections oforganisations and individuals in the real-estate industry.

The city told the department to publicise its list of violations and the names of illegal real-estate transaction floors.

They also asked the department to conduct research on the kind ofpolicies that could improve the operation and services of real-estatetransaction floors.

As part of the plan to clean upreal-estate activities in the city, the municipal government has alsotold the city's Department of Planning and Investment to provideinformation about the operations of real-estate companies.

The city asked the department to draw up a list of businesses thathave been issued new business or investment certificates, and that havebeen closed, suspended or banned from operating.

Businesses whose investment certificates have been withdrawn will also be included on the list.

Under the city's directive, the Department of Natural Resources andEnvironment will be responsible for informing district People'sCommittees about the procedures for issuing land-use ownershipcertificates and house-ownership certificates for real-estate productsvia real-estate transaction floors.

As of the end oflast year, the city had more than 350 legal property transactionfloors, accounting for 50 percent of the number of property transactionfloors nationwide, according to the Department of Construction.

However, the management of the operation of many real-estate transaction floors has been lax.-VNA