At around 3:20 p.m., the auction was in its 8th round. After the 7th round, the two lots currently had the highest price reaching 75.3 million VND/m2, the lowest lot was 45.3 million VND/m3.
As noted by the reporter, although the auction has not ended, many people have left the auction floor.
Mr. Nguyen Van Manh (Thanh Oai, Hanoi) said that today, he participated in the auction of 8 plots of land, expecting the highest price he could pay to be under 60 million VND/m2. However, the plots of land he auctioned all jumped to nearly 70 million VND/m2, so he decided to leave the auction floor.
Ms. Nguyen Thi Hai (Hoai Duc, Hanoi) participated in the auction for 4 lots of land today, but she also left empty-handed. She said the current price was beyond her ability to pay so she decided to stop the auction.
Mr. Long - a real estate broker in Thanh Oai district, Hanoi - said that the land prices at today's auction are high. Accordingly, the land prices here for plots with good locations can reach over 40 million VND/m2. However, the current price of 60 - 70 million is still higher than the market price.
The 25 lots of land auctioned today are located in Man Ca, Man Cong, Ma Man Trong, Van Quan village, Do Dong commune, Thanh Oai district (Hanoi).
The area of the plots ranges from nearly 84m2 to over 143m2. The starting price is 5.3 million VND/m2, equivalent to a deposit of 88-151 million VND/lot. The auction will have to go through at least 6 mandatory rounds, with a price step of 5 million VND per m2. Thus, participants must spend at least 30.3 million VND per m2 to win the auction in this session.
According to the announcement in September, Thanh Oai planned to auction these plots of land with a starting price of 5.3 million VND, using a secret ballot in just one round.
In early August, Thanh Oai district organized an auction of 68 land lots, attracting about 1,500 participants with over 4,000 applications. The winning prices for these lots ranged from 63-80 million VND per square meter, with the highest lot even reaching 100 million VND per square meter. This price was 5-6 times higher than the starting price.
However, about 80% of the auction winners here have abandoned their deposits. Of these, all the plots with winning prices ranging from 80 million VND to over 100 million VND per square meter have not paid.
