National Auction Joint Stock Company No. 5, the unit assigned to organize the auction, has just announced the temporary suspension of the land auction in Dan Phuong district (Hanoi) for 26 land plots in Trung Vo area, Tan Hoi commune.
The reason given was the request of the Dan Phuong District Land Fund Development Center to review the procedures and auction plans according to the new Land Law.
Regarding the continued implementation of the auction, the company said that it will comply with the provisions of the law and will be publicly announced after the decision and proposal of the Dan Phuong District Land Fund Development Center.
According to the previous plan, Dan Phuong district planned to organize an auction of the right to use the above 26 land plots on the morning of October 5, at the hall of the Dan Phuong District Cultural - Information and Sports Center.
The area of the auctioned plots ranges from 75 - 102.2m2 with a starting price of over 13 million VND/m2. Participants must deposit from over 196-267.9 million VND/plot, depending on the area.
Auction form by direct voting in many rounds and at least 6 mandatory rounds.
