On July 24, 2024, the Government promulgated Decree 96/2024/ND-CP (Decree 96) to elaborate certain articles of the Law on Real Estate Business, replacing Decree 02/2022/ND-CP. Decree 96 takes effect from August 1, 2024 with some notable points regarding real estate business activities as follows:
(i) Providing several detailed regulations on disclosure of information on real estate and real estate projects to be put into business;
(ii) Supplementing some rules when enterprises engaged in real estate business draw up, sign, and execute model contracts used in real estate business;
(iii) Providing detailed regulations on registration and conditions for operating real estate trading floors.
Some highlights of the Decree elaborating certain articles of the Law on Real estate business
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