At about 9:30 a.m. on February 24, the auction of 20 plots of land in Phuc Tho district, Hanoi ended.
The plot of land with the highest winning price marked DG27 in Doc Tranh area, Trach My Loc commune (phase 2) with the winning price of 46.8 million VND/m2. Other plots of land have winning prices ranging from 23 - 41.2 million VND/m2.
Talking to reporters, Mr. Quach Van Chien (real estate broker in Phuc Tho district, Hanoi) said that he auctioned 3 plots of land in today's auction. He said that the starting price in this auction is higher than before, quite close to the market price. The winning price was quite high compared to his original estimate.
"I rate the location of the land as quite beautiful, with great potential for price increase. The highest price I can pay in today's auction is about 30 million VND/m2. However, the plots of land I auctioned were all up to more than 40 million VND/m2, so I stopped auctioning," said Mr. Chien.
Ms. Tran Thi Trang (Hanoi) - a participant in today's auction said that the winning price she believes is higher than the market price.
"I feel quite regretful not winning any plots of land in today's auction," said Ms. Trang.
The plots of land auctioned today include 1 plot in Huong Nam area, Xuan Phu commune (now Xuan Dinh commune); 12 plots of land in TT7, TT9, TT10 area of Dong Pham, Tho Loc commune (now Tich Loc commune); 7 plots in Doc Tranh area, Trach My Loc commune (phase 2), Phuc Tho district, Hanoi city.
The starting price ranges from 19.8 - 25 million VND/m2. Step price 200,000 VND/m2. The deposit for each plot of land is from 270 - 984 million VND/plot of land. The auction is conducted by direct secret ballot in one round at the auction. The method of bidding up.
According to price history data from Batdongsan.com, common land prices in Trach My Loc commune are about 26 million VND/m2. Accordingly, the highest winning price of 46.8 million VND/m2 in Doc Tranh area in today's session was 1-2 times higher than the average land price in this area.
