Lac Viet Joint Venture Auction Company has just announced the organization of an auction of residential land use rights for 15 land plots from LK3-27 to LK3-41 in Cau Loc - Giao Ha area, former Ngoc Tao commune (now Hat Mon commune), Hanoi City.
The total area of 15 land plots is 1,364.6m2, of which each plot has an area ranging from 90m2 to 104.6m2. The starting price is announced at 12,49,000 VND/m2.
The auction session is organized in the form of auctioning each land plot, by direct voting a maximum of 3 rounds. The bidding method is upwards, in which the starting price of round 1 is approved by the People's Committee of Hat Mon commune. From round 2 onwards, the starting price is determined by the highest valid bidding price of the adjacent round.
Regarding price steps, round 1 applies a level of 30,770,000 VND/m2. In rounds 2 and 3, the minimum price step is 200,000 VND/m2, without limiting the number of price steps.
Time for selling and receiving bid invitations from 8:00 AM on June 2, 2026 to 5:00 PM on June 15, 2026. Locations for selling and receiving bids at two locations: Headquarters of Lac Viet Joint Venture Auction Company and Headquarters of Hat Mon Commune Investment - Infrastructure Project Management Board (Hat Mon commune, Hanoi City).
The auction session will be held at 8:30 am on June 18, 2026 (Thursday) at the Hall of the Ha Mon Commune Investment - Infrastructure Project Management Board. Participants need to be present at least 30 minutes in advance to complete procedures before the auction session begins.
