In December 2025, Hanoi will organize a series of large-scale land use rights auctions to develop low-rise housing and service - hotel projects in many districts. The highlight is the "golden" land at 18 Cao Ba Quat Street (Ba Dinh District), considered one of the most valuable plots of land of the year.
According to Lac Viet Joint Stock Auction Company, the land lot marked CT in the 8.5ha resettlement area in Phu Dien ward (old Bac Tu Liem district) will be auctioned on December 27.
The plot of land is nearly 6,500m2 wide, located in the planned land of a low-rise housing project with a total area of over 14,300m2. The starting price is nearly 713 billion VND, equivalent to about 110 million VND/m2. Participating investors must deposit 143 billion VND in advance. The auction is organized in the form of direct voting in many rounds.
Previously, Nhat An Phu Joint Stock Auction Company announced the auction of the right to use the Dong Xenh - Vuon gan land in Quang Oai commune (old Ba Vi area), with a starting price of more than 479 billion VND. The auction took place on the morning of December 27.
The land has a total area of about 5.72 hectares, of which more than 1.7 hectares are for low-rise housing development. The remaining area is allocated to infrastructure items including: more than 4,300m2 of social housing fund; about 2,100m2 for public works; more than 4,500m2 of trees, sports; and nearly 2.9ha for technical infrastructure.
In the center of the capital, on the morning of December 25, an auction of land use rights at 18 Cao Ba Quat Street (Ba Dinh Ward) is scheduled to take place. This is considered one of the land plots with prime locations, once in the old Dien Bien ward.
The plot of land has an area of 3,366m2, planned to build a 5-star hotel with 5-6 floors, a total floor area of 15,923m2, with a construction density of 79%, following the distance behind the red line.
The starting price for the first round is 201.1 million VND/m2, equivalent to about 679 billion VND. The auction consists of at least 3 rounds, with each round price step not less than 2 million VND/m2, equivalent to more than 6.7 billion VND for the entire land plot.
The total estimated investment for the hotel project is at least VND911.3 billion, including VND679 billion in land use fees and VND232 billion in construction costs.
According to statistics, in the first 10 months of 2025, Hanoi collected VND 89,000 billion from land use fees - an increase of 167% over the same period. This is an outstanding increase compared to other revenue groups such as domestic revenue, import-export or crude oil, showing that the land auction and land use conversion market continues to be a major resource contributing to the capital's budget.
