Vietnam Auction Partnership Company in coordination with the Thuong Tin Commune Investment - Infrastructure Project Management Board is expected to organize a land use right auction to implement the Investment Project to build a townhouse, townhouse combined with commercial - service, urban designation No. 7 in Zone K3, Thuong Tin town, Van Phu commune, Thuong Tin district (now Thuong Tin commune, Hanoi City).
According to the auction plan, the total area of the land area is 17,791.1m2. In which, 6,735.5m2 of land (including land plots with symbols OM19, OM21, OM22, OM23, OM31) is put up for auction for land use rights; the remaining area of 11,055.6m2 is green land, sports and technical infrastructure construction land, transportation.
The auctioned land has completed site clearance and basic leveling according to the plan. The project's goal is to synchronously build a new residential area in accordance with the approved urban plan, ensuring synchronous and high-quality technical infrastructure; effectively exploit the land fund, meet the housing needs of local people, and create architectural highlights for the area and increase budget revenue from land use right auctions.
The starting price of the first round is determined to be 68.19 million VND/m2, corresponding to the total value of land use rights according to the starting price of about 459.33 billion VND.
The auction session is organized in the form of direct voting in multiple rounds at the auction session, at least through 3 mandatory rounds, applying the up-price method.
The investor with the highest bid price in the final round will be identified as the winning bidder, in accordance with the approved regulations and auction plan, ensuring compliance with legal regulations.
Notably, investors participating in the auction must fully meet the conditions on financial capacity. Accordingly, owner's equity must not be less than 20% of the total investment of the project, equivalent to about 139.64 billion VND for projects with land use scales of less than 20ha, and at the same time must ensure the ability to mobilize capital for project implementation.
In case the investor implements multiple projects at the same time, the equity must be sufficient to allocate, ensuring the ratio according to regulations for each project.
The auction session will take place at 8:30 am on January 24, 2026 (Saturday) at the People's Committee Hall of Thuong Tin commune (Address: No. 1 Thuong Phuc street, Thuong Tin commune, Hanoi city). Note, auction participants must be present at the auction location 30 minutes in advance to complete procedures to enter the auction hall.
