On March 11, 2024, Ho Chi Minh City People's Committee issued Decision No. 11/2024/QD-UBND (“Decision 11”) amending regulations on land price adjustment coefficients to establish plans on compensation, support and resettlement in Ho Chi Minh City in 2024. Decision 11 replaces 13/2023/QD-UBND (“Decision 13”). Accordingly, the land price adjustment coefficient framework is adjusted towards extending (increasing the gap between the lowest coefficient and the highest coefficient) to get closer to the market price in each different area in the city, specifically as follows:
1. Extending the residential land price adjustment coefficient framework, in which, the floor levels remain the same while the ceiling levels increase as follows:
|
No. |
District |
K coefficient under Decision 13 |
K coefficient under Decision 11 |
| 1 |
District 4 |
4 – 8.5 |
4 – 16 |
| 2 |
District 6 |
3 – 6 |
3 – 9.5 |
| 3 |
District 7 |
6 – 12 |
6 – 15 |
| 4 |
District 8 |
5 – 11 |
5 – 20 |
| 5 |
District 12 |
10 – 15 |
10 – 17 |
| 6 |
Phu Nhuan District |
5 – 7 |
5 – 8 |
| 7 |
Tan Phu District |
7 – 18 |
5 – 18 |
| 8 |
Tan Binh District |
4 – 7 |
6 – 14 |
| 9 |
Binh Thanh District |
4 – 6 |
3 – 7 |
| 10 |
Go Vap District |
8 – 18 |
7 – 25 |
| 11 |
Binh Tan District |
6 – 14 |
6 – 18 |
| 12 |
Binh Chanh District |
6 – 22 |
6 – 28 |
| 13 |
Nha Be District |
10 – 21 |
10 – 29 |
| 14 |
Can Gio District |
5 – 15 |
5 – 20 |
| 15 |
Cu Chi District |
13 – 20 |
13 – 30 |
| 16 |
Thu Duc City |
6 – 25 |
6 – 30 |
2. Extending the agricultural land price adjustment coefficient framework, in which, the coefficient ceiling levels of most central districts simultaneously decrease as follows:
|
No. |
District |
K coefficient under Decision 13 |
K coefficient under Decision 11 |
| 1 |
District 1 |
30 – 35 |
20 – 35 |
| 2 |
District 3 |
30 – 35 |
20 – 35 |
| 3 |
District 4 |
30 – 35 |
20 – 35 |
| 4 |
District 5 |
30 – 35 |
20 – 35 |
| 5 |
District 6 |
30 – 35 |
20 – 35 |
| 6 |
District 8 |
15 – 30 |
15 – 35 |
| 7 |
District 10 |
30 – 35 |
20 – 35 |
| 8 |
District 11 |
30 – 35 |
20 – 35 |
| 9 |
District 12 |
15 – 25 |
15 – 30 |
| 10 |
Tan Binh District |
30 – 35 |
20 – 35 |
| 11 |
Binh Thanh District |
20 – 25 |
20 – 35 |
| 12 |
Binh Tan District |
12 – 20 |
15 – 25 |
| 13 |
Binh Chanh District |
15 – 38 |
15 – 35 |
| 14 |
Nha Be District |
10 – 25 |
10 – 28 |
| 15 |
Can Gio District |
5 – 12 |
5 – 20 |
| 16 |
Hoc Mon District |
10 – 18 |
10 – 20 |
| 17 |
Thu Duc City |
7 – 25 |
15 – 30 |
Decision 11 takes effect from March 21, 2024.
Comment: