On December 12, according to the reporter's investigation, the Property Auction Service Center (Department of Justice of Cao Bang province) has just announced the organization of an auction of the right to use 7 plots of land in Bao Lam commune, scheduled to take place at 8:00 a.m. on December 25 at the headquarters of the People's Committee of Bao Lam commune.
The seven plots of land put up for auction include 3 plots in Hamlet 1, near Bao Lam High School, with an area of 93.7 to 103.8m2 with a starting price of VND 852,000/m2; and 4 plots in the resettlement area of Hamlet 2 next to the agricultural market, with an area of 92.2106.7m2, starting price of VND 1,768,000/m2.
The total starting value of the 7 plots of land reached more than 961.7 million VND. According to the Property Auction Service Center, all land lots have synchronous technical infrastructure, convenient transportation and no assets on the land.
Auction participants must meet the conditions for State allocation of residential land according to the 2024 Land Law and are not subject to the prohibited cases under the Property Auction Law.
The documents are sold and received at the Provincial Property Auction Service Center or Bao Lam Commune People's Committee from December 10 to 5:00 p.m. on December 22.
Each individual can register for many lots, but each lot can only submit one dossier. The deposit ranges from 15.9 to 37.7 million VND depending on the area, paid before the deadline of 17.00 on December 22. People who need to see the site will be arranged from December 17 to 19.
The auction is conducted in the form of direct voting at the auction, bidding up with a minimum of 5 rounds.
The price step is set at 400,000 VND/m2 for lots in Hamlet 1 and 1,700,000 VND/m2 for lots in Hamlet 2 resettlement area.
The auction winner will carry out the procedures to request a Certificate of Land Use Rights and is responsible for constructing the project in accordance with the planning.
