National Joint Stock Auction Company No. 5 has just announced the suspension of organizing the auction of the right to use 26 land lots (LK1, LK2) belonging to the project of building technical infrastructure for the land auctioned for the right to use land at DG 31, Yen Quan village, Tan Phu commune, Quoc Oai district (Hanoi).
The announcement stated that this auction was stopped at the request of the People's Committee of Quoc Oai district. The continued organization of the auction will follow the provisions of law and will be publicly announced after the decision of the competent authority.
People who have purchased the documents and paid the deposit to participate in the auction for 26 land plots (LK1, LK2 areas) at the project: Construction of the technical infrastructure for the auctioned land plot of land use rights in DG 31, Yen Quan village, Tan Phu commune, Quoc Oai district, Hanoi city according to the time in Notice No. 3074/2024/TB dated December 10, 2024 of Joint Auction Company No. 5 - National, contact Joint Auction Company No. 5 - National or the Land Fund Development Center of Quoc Oai district for instructions on the procedure for receiving back the money for purchasing the documents and the deposit paid according to regulations.
According to the previous announcement, on January 18, Quoc Oai district (Hanoi) will organize an auction of the right to use 26 land plots (LK1, LK2 areas) belonging to the project to build technical infrastructure for the land auctioned for land use rights in DG 31, Yen Quan village, Tan Phu commune.
The plots of land have an area of 85-122m2/plot. The starting price of the plots is 4.7 million VND/m2, equivalent to from 400 million VND to more than 573 million VND/plot.
Auction is conducted by direct voting in multiple rounds at the auction and a minimum of 6 mandatory rounds. Direct voting in multiple rounds at the auction ends when no one else bids.
Previously, at the end of December 2024, Soc Son district (Hanoi) also postponed the auction of 36 plots in Dong Lai village (Quang Tien commune) scheduled to be held on the morning of December 28, 2024. The reason for postponing the auction was to re-determine the starting price according to Decision No. 71 of the Hanoi People's Committee.
