Novaland Targets 7,000 Land Titles by End of 2025
Novaland plans to issue 7,000 land titles by year-end as legal hurdles ease. Key projects in HCMC are progressing toward full ownership documents for residents.
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Unlocking Certificates for Major Projects
Projects such as Sunrise Riverside (Nha Be), The Sun Avenue (Thu Duc City), Kingston Residences, Orchard Garden (Phu Nhuan), Lucky Palace (District 6), and Sunrise City North (District 7) have already been handed over to buyers but remain without official land titles. According to a recent update from Novaland, several of these projects are now advancing through the bureaucratic process.
For example, The Sun Avenue has already issued its first batch of land titles, while Sunrise Riverside has handed over nearly 880 titles and is working to complete the remainder. In Phu Nhuan, Kingston Residences is preparing to issue certificates for approximately 406 units.
At Tropic Garden 1 in Thu Duc, Novaland expects to resolve its financial obligations by Q2 2025 and begin collecting paperwork from homeowners in Q3. Palm City, another project in Thu Duc, is collaborating with authorities to complete the issuance process for 178 low-rise units.
Progress in Legal Resolution
Several high-profile projects that have faced legal bottlenecksāincluding Richstar, Botanica Premier, Victoria Village, and Lakeview Cityāare also being addressed.
Following the Government Inspectorateās Conclusion 82, the city now has a legal basis to accelerate land valuation for the Richstar project in Tan Phu District. Novaland has already pre-paid VND 242.5 billion of the estimated VND 446 billion in land use fees while awaiting final land appraisal results.
Botanica Premier, located on Hong Ha Street in Tan Binh, has received official findings and is expected to receive land valuation from HCMCās authorities within six months. Similarly, Victoria Village is expected to finalize its supplementary land use fees in Q2, with full title issuance slated for year-end.
Landmark Progress at Lakeview City
Lakeview City, a 30.1-hectare project in Thu Duc under Resolution 170, has resolved its land use disputes. The total financial obligation stands at nearly VND 5.176 trillion, paving the way for Novaland to begin title issuance.
The developer affirms it is financially prepared to meet all obligations as required by government agencies. These legal breakthroughs are enabling thousands of homeowners to finally obtain official ownership documents after years of uncertainty.
Implications for Buyers and Investors
Land titles are a critical document for property buyers in Vietnam, providing legal ownership and enabling access to financial tools such as bank loans and mortgages. Without them, homeowners face significant risks and restrictions, including limitations on resale and collateral use.
Novalandās progress in issuing land titles signals growing momentum in Vietnamās property legal reforms. It may also restore buyer confidence in the developerās extensive residential portfolio, especially at a time when legal transparency is a top concern for both domestic and foreign investors.
For homebuyers awaiting their land titles, the latest updates offer hope for resolution within the next few months. For the market as a whole, this is another sign that Vietnamās real estate sector is gradually overcoming its most pressing legal bottlenecksāopening new pathways for stable growth and investment.
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