The plots of land auctioned this time have a total area of 3,555.5m2, the area of each plot ranges from 74.5 - 133m2. The auction process is conducted in the form of direct secret ballot, each lot is only bid in one round.
A representative of Vietnam Auction Joint Stock Company - the organizer, said that the auction had more than 500 participants with more than 1,100 valid registrations. Due to high demand, the winning price has been pushed up many times the starting price.
The highest winning lot ky hieu 01 has a winning price of 158.15 million VND, 3.2 times higher than the starting price. The area is 103m2, equivalent to the total amount of money that the investor must pay is about 16.3 billion VND. Some other plots of land with symbols 02 - 12 also recorded high winning prices from 123 - 139.3 million VND/m2. The plot of land with the lowest winning price was over 66 million VND/m2, 2.7 times higher than the starting price.
According to data from Batdongsan canal, the average land sale price of communes in Khoai Chau district in February 2025 is about 10 - 54 million VND/m2. Land prices here have increased by 57.2% over the past year.
Previously, on February 9, the People's Committee of An Thi district coordinated with Lac Viet Joint Stock Auction Company to successfully organize an auction of 273 residential land lots in the residential area north of An Thi town. The highest auctioned plot of land was up to 120 million VND/m2. The plots of land have an area of 90 - 295m2 with a starting price of 19.2 - 31.2 million VND/m2. The auction is organized in the form of direct secret ballot in one round of each plot of land according to the method of bidding up.
As a result, all 273 plots of land were successfully auctioned. The winning plots of land were auctioned with VND32 - 120 million/m2 depending on the location of each plot of land. In total, the proceeds of the 273 auctioned land lots were VND 1,503.378 billion.
Accordingly, the land auction at the Commune Trade Center of Dan Tien Commune, Khoai Chau District (Hung Yen) has created a new price level, with the highest winning price of 158 million VND/m2; much higher than the previous "huge" price in An Thi District (Hung Yen).
Talking with Lao Dong, Mr. Le Dinh Chung - Member of the VARS Market Research Working Group, General Director of SGO Homes, the land market in the Northern provinces is showing signs of positive recovery and recording a significant price increase.
In particular, Hung Yen emerged as a bright spot from mid-2024, attracting strong attention from investors thanks to its impressive price increase rate, ranging from 30-50%. Hung Yen is oriented to become the province that owns the largest industrial park land fund in the country, creating favorable conditions for economic and real estate development. At the same time, this province is also located on key traffic routes, with a continuous infrastructure system that is strongly invested in, helping to conveniently connect with Hanoi and other key areas.
The attraction of the Hung Yen market has increased as many large corporations such as Vingroup and Hoa Phat have made strong investments, creating momentum to promote development and increase real estate value. In particular, the Hung Yen market has only received attention since mid-2024, so there is still much room for growth in the future.
