Hanoi, Feb. 7 -- The domestic real estate market will have four land valuation methods instead of the current five methods, according to a new decree issued by the Government on February 5.

Accordingly, they are comparison method, income-based method, surplus-based method and land price adjustment coefficient method.

In addition, the new decree also details conditions applying those methods.

Decree 12/2024/ND-CP amended and supplemented some articles of Decree 44/2014/ND-CP dated May 15, 2014 regulating land prices, and Decree 10/2023/ND-CP dated April 3, 2023 amended and supplemented some articles of decrees guiding the implementation of Land Law.

Under the new Land Law 2024, the land price list will be published on an annual basis w...