Hanoi social housing prices increase sharply, exceeding 5 billion VND/unit
In the secondary market, many social housing projects in Hanoi have increased in price sharply, reaching 5 billion VND/unit in some places. New projects opened for sale also set new records.
According to data from Batdongsan.com.vn, in early 2024, the price of the Rice City project (old Long Bien, now in Bo De ward) had an asking price of about 2.32.4 billion VND/unit, an increase of 200 million VND compared to the end of 2023. After two years, up to now, the selling price of apartments here has doubled, at 4 billion VND/apartment or more.
In the same time period, the Hope Residence project (Viet Hung ward) also increased sharply from 2.12.3 billion VND/unit to 3.84.3 billion VND/unit. At the Thach Ban project (Long Bien ward), the price has increased from 2.12 billion VND/unit to 3.94.2 billion VND/unit.
The old Hoang Mai area witnessed a double increase. The @Homes project established a new price level of 4.75.2 billion VND/unit, while two years ago it was only 2.32.6 billion VND/unit. At Rice City Linh Dam (Hoang Mai ward), the current price is 4.95.3 billion VND/unit, compared to 2.32.5 billion VND/unit in early 2024. See more...
15 plots of land to be auctioned in Thanh Hoa, starting price from over 400 million VND/plot
Joint Stock Auction Company No. 5 - National, Thanh Hoa Branch has just announced the organization of a land use rights auction including 15 lots in projects in Hoang Giang commune, Thanh Hoa province, with a total area of 2,315.9m2.
Accordingly, the auctioned land includes 6 plots of land belonging to the technical infrastructure of the rural residential area in Nga Phu 2 village, Hoang Xuan commune (field with planning No. 24/MBQH-UBND dated April 19, 2021), now Nga Phu 2 village, Hoang Giang commune, with a total area of 882.7m2, including plots A4, A24, B8, B11, B15 and B17. In addition, 3 plots of land belonging to the residential land subdivision site in Duc Tien village, Hoang Hop commune, old Hoang Hoa district (field with planning No. 28/MBQH-UBND dated April 19, 2021), now Duc Tien village, Hoang Giang commune, with a total area of 457.7m2.
In addition, 5 plots of land belonging to the Dong Bai subdivision site, Trung Tien village, Hoang Quy commune, old Hoang Hoa district (land with planning No. 06/MBQH-UBND dated February 23, 2021), now Trung Tien village, Hoang Giang commune, with a total area of 795.5m2. The remaining 1 plot of land belonging to the technical infrastructure of the rural residential area in Hop Dong village, Hoang Giang commune, old Hoang Hoa district (field with planning No. 03b/MBQH-UBND dated April 13, 2020) has an area of 180m2. See more...
The latest deadline for issuing the first red book for organizations using land in Hanoi
Proposal to impose strong sanctions on enterprises that auction land and then abandon deposits
The Ho Chi Minh City Real Estate Association (HoREA) recommends many strong sanctions for businesses that abandon deposits when participating in land auctions, to prevent auction manipulation.
Discussing with Lao Dong Newspaper about comments on the draft Resolution of the Government on handling difficulties in land use rights auctions, Mr. Le Hoang Chau - Chairman of HoREA - said that the draft has some points that have not fully covered reality.
The draft stipulates the prohibition of auctioning for individuals who are auction winners in cases where residential land allocation violates payment obligations. However, reality shows that many economic organizations participate in auctions, win, then abandon deposits or pay late. If only individuals are banned, it will not cover all practical cases, because new businesses are the group that participates a lot and has a big impact on the market.
Mr. Le Hoang Chau said that it is necessary to amend and supplement the ban to apply to all economic organizations, not just individuals. This ban also needs to be applied to all cases of land allocation and lease, not just residential land. The violations prohibited include both abandoning the deposit and violating payment obligations.
Because small, unprestigious enterprises may not hesitate to be banned, because they can establish new enterprises to continue participating in the auction. On the contrary, for large enterprises that already have brand reputation, they will be very afraid of being banned from participating in auctions. This is the only measure with weight, thereby limiting the situation of auction manipulation. See more...
