Lac Viet Joint Venture Auction Company has just announced the auction of land use rights to implement a low-rise housing project in land plots H1-NO3, H1-NO4, H1-NO5, Phuc Loi ward, Hanoi City. The total area of the land is about 14,919 m2, with an estimated population of about 50 people.
In which, block H1-NO3 has an area of about 8.006 m2, construction density 40%, construction area 3.202 m2, total floor area 12.812 m2, building height 1-4 floors; block H1-NO4 has an area of about 3.914 m2, construction density 40%, construction area 1.563.5 m2, total floor area 6.254 m2, height 1-4 floors; block H1-NO5 has an area of about 2.999 m2, construction density 40%, construction area 1.184.9 m2, total floor area 6.254 m2, height 1-4 floors.
The starting price for round 1 according to Decision No. 705/QD-UBND dated February 11, 2026 of the Hanoi People's Committee is 120,349,152 VND/m2, corresponding to a total value of land use rights of about 1,795.488 billion VND.
From round 2 onwards, the starting price is determined by the highest valid payment level of the previous adjacent round; in case all investors pay at the starting price, the price of the next round will add a price step of 15 billion VND. The purchase price for auction participation is 1,000,000 VND, the deposit is equal to 20% of the total value of the land plot according to the starting price, equivalent to 359,097,799,800 VND.
The auction form is direct voting in multiple rounds, at least 5 mandatory rounds, according to the up-pricing method.
The total investment of the project is according to Decision No. 6461/QD-UBND dated December 26, 2025 of the Hanoi City People's Committee on deciding to approve the investment policy; Decision No. 705/QD-UBND dated February 11, 2026 of the Hanoi City People's Committee on approving land prices to calculate the value of land use rights as a basis for determining the starting price for organizing land use rights auctions for the Low-rise Housing Construction Investment Project in land plots H1-NO3, H1-NO4 and H1-NO5 in Phuc Loi ward, Hanoi city.
Participating investors must have owner's equity not less than 20% of the total expected investment capital and commit to connecting technical infrastructure with the surrounding area. Dossiers are received until the end of April 29, 2026 at the headquarters of Lac Viet Partnership Auction Company.
The auction is expected to be held at 9:00 AM on May 15, 2026 at the Hall of the Ward People's Committee - Headquarters of the People's Council - People's Committee of Phuc Loi Ward (Group 6, Phuc Loi Ward, Hanoi City).
