The Hanoi People's Committee has just issued a decision on handing over 10,574.57m2 of land at the Land Use Rights Auction Area in Lai Yen Commune - Location X6, Hoai Duc District (now Son Dong Commune, Hanoi City) to Hanoi New Urban Development Investment Joint Stock Company to implement a low-rise housing construction investment project for sale.
The location and boundary of the land plot are determined according to the 1/500 scale Master Plan of the Land Use Rights Auction Area in Lai Yen Commune - Location X6, Hoai Duc District, approved by the People's Committee of Hoai Duc District (formerly) and approved for local adjustment.
Forms of land allocation and land use term:
- 9,759m2 of land to build low-rise townhouses and villas. Hanoi New Urban Development Investment Joint Stock Company was allocated land by the State with land use fees.
The land use term is 50 years from the date the City People's Committee signs the Land allocation decision; home buyers attached to residential land use rights are allowed to use the land stably and permanently.
- 815.57m2 of land (including: 215.57m2 of green land; 600m2 of public works land) belonging to the total area of 9,073m2 of land for construction of traffic works, technical infrastructure, public works, and green trees according to the planning of the area: Hanoi New Urban Development Investment Joint Stock Company is allocated land by the State without land use fees.
Hanoi New Urban Development Investment Joint Stock Company is responsible for investing in the construction of green trees and public works according to approved investment projects and planning; after completing the investment and construction, handing over to competent authorities for management and operation according to regulations.
The method of land allocation according to the results of land use rights auctions is recognized by the City People's Committee in Decision No. 2569/QD-UBND dated May 22, 2025. Land use fees: Hanoi City Tax confirms that Hanoi New Urban Development Investment Joint Stock Company has completed the payment of land use fees in Document No.6005/HAN-QLD dated September 12, 2025.
Hanoi requires Hanoi New Urban Development Investment Joint Stock Company to implement an investment project in accordance with the investment policy approved and approved by the City People's Committee.