Accordingly, on August 19, Hoai Duc district held an auction of 19 plots of land in Long Khuc area, Tien Yen commune. Reporter's notes show that the location of 19 auction land plots in Hoai Duc district this time is close to the area passing through Ring Road 4.
However, around the plots of land, infrastructure is still limited and mainly consists of fields, without many special economic advantages.
Hoai Duc District Land Fund Development Center informed that as of the day before the land auction, there were more than 700 sets of documents and about 400 customers participating in the auction. The lowest starting price is from 7.3 million VND/m2, the minimum price step is 6 million VND/m2.
After 9 rounds of auction lasting 19 hours from 9:00 a.m. August 19 to 4:30 a.m. on August 20, it ended.
The land plot with the highest auction winning price was up to 133.3 million VND/m2 with a total value of more than 15 billion VND. Compared to the starting price of 7.3 million VND, investors paid more than 18 times more for this plot of land.
According to records, in the last auction round, about 20 - 30 people remained to participate in bidding. Before that, from midnight to dawn, many people left the auction feeling depressed because they lost their bid. Many people shake their heads in frustration because land prices are "too expensive" and "too fake".
In addition to the land lot with the highest winning price of more than 133 million VND/m2, there are two lots with the second highest winning price at auction, LK03-6 and LK04-6, up to 127.3 million VND/m2.
The remaining 14 lots had winning prices ranging from 97.3 to 121.3 million VND/m2. There were 2 winning lots with the lowest auction price also up to 91.3 million VND/m2.
According to some real estate brokers in Hoai Duc district, the price of 133.3 million VND/m2 is quite high compared to the current market level in this locality.
Most of the land lots are priced at over 80 - 90 million VND/m2, which is also much higher than the general market level.
