According to Lao Dong, after 7 rounds of bidding, the highest price is currently at 80.3 million VND/m2 for a corner lot.
Speaking to reporters, Mr. Cuong (Thanh Oai, Hanoi - the character's name has been changed) said that today he participated in the auction of 4 plots of land, but he did not win any of them. He commented that the prices in today's auction were being pushed up far beyond the normal value.
Mr. Phong - a real estate broker in Thanh Oai, Hanoi - said that with the current heat, the price is expected to continue to be pushed up. However, he said that the price is quite unreal compared to the market price, so it will be difficult to liquidate.
According to records, although the auction has not ended, someone has already advertised for sale 3 lots of land that won the auction today.
Ms. Hoa (Thanh Oai, Hanoi) said that she won the auction for 3 plots of land today. The price differences she offered were commonly from 250-300 million VND/plot.
The 23 plots of land auctioned today are located in Man Ca, Man Cong, Ma Man Trong areas, Van Quan village, Do Dong commune, with symbols from 140 to 162, and areas from 93.31m2 to 117m2.
The starting price of 23 plots of land is 5 million VND/m2; the deposit corresponding to the starting price of each plot of land ranges from about 466 million VND to more than 585 million VND, depending on the area of each plot of land.
The auction took place at the Thanh Oai District People's Committee Hall. Regarding the auction format, the land plots will be auctioned by direct voting in multiple rounds at the auction and at least through 6 mandatory auction rounds, with a price step of 5 million VND. The auction attracted 97 customers with 413 participating applications.
Previously, the auction on November 16 (phase 1) in Thanh Oai recorded two lots with the highest price reaching 90.3 million VND/m2, the lowest lot was 45.3 million VND/m2. Accordingly, the land lot with code number 106, area 113.88m2, had a winning price of 90.3 million VND/m2 - equivalent to more than 10.28 billion VND, 17 times higher than the starting price. The land lot with code number 100, area 129.36m2, had a winning price of 90.3 million VND/m2 - equivalent to more than 11.6 billion VND/lot.
Many real estate brokers commented that the price level of land lots in this auction is high. Accordingly, the land price here for lots with good locations can reach over 40 million VND/m2. However, the current level of 40 - 90 million VND/m2 is still higher than the market price. Accordingly, the possibility of deposit cancellation will recur in case buyers have difficulty in paying.
