According to information from Hoai Duc District Land Fund Development Center, on August 19, Hoai Duc district will open an auction for 19 plots of land (lots LK03 and LK04) in Long Khuc area, Tien Yen commune.
The area of each plot is from 74 - 118m2, the starting price is 7.3 million VND/m2. In particular, the deposit ranges from 109 - 172 million VND/lot of land.
On August 26, 2024, Hoai Duc district will hold an auction for the remaining 20 plots of land (lots LK01 and LK02) in Long Khuc area, Tien Yen commune. The starting price is 7.3 million VND/m2. Area ranges from 89 - 145 m2. The deposit will be from 130 - 212 million VND/plot.
Deadline for submitting applications to participate in the auction is August 23, 2024.
The auction format of both auctions above is by direct voting through at least 6 rounds. The venue is the hall of the Center for Culture, Information and Sports of Hoai Duc district.
Research by Lao Dong reporter shows that since the beginning of August, districts such as Soc Son, Thanh Oai, Quoc Oai have also implemented land auction plans with a total of hundreds of land lots.
Hanoi People's Committee said that from the beginning of 2024 until now, consecutive land auctions have been successfully held in suburban districts such as Me Linh, Dong Anh, Dan Phuong, Thuong Tin, Hoai Duc...
Mr. Nguyen Van Dinh - Chairman of the Vietnam Real Estate Brokers Association (Vars) - commented that the auctioned land segment has many advantages such as guaranteed legality, complete technical infrastructure, and located in a prime location. favorable position. This makes this segment easy to liquidate and attracts the attention of many investors.
However, experts also warned that investors need to be alert to the phenomenon of "green army, red army", professional "drivers" participating to skim piles and push up prices, the risk will belong to the buyer. In the end, I had to pay hundreds of millions of dong in difference.
Previously, according to information from the People's Committee of Thanh Oai district (Hanoi), on August 10, the unit coordinated with Vietnam Auction Partnership Company to organize a land auction in Ngo Ba area, Thanh Than village, commune. Thanh Cao. Of these, 68 plots of land have an area of 60 - 85m2/lot with starting prices from 8.6 - 12.5 million VND/m2.
Thanh Oai District Land Fund Development Center said that the auction had the participation of about 1,600 people with an expected number of documents of 7,000 sets. This is a land auction record ever in Thanh Oai district.
At the end of the auction, the corner lot had the highest winning price of more than 100.5 million VND/m2. Most of the land lots have winning prices ranging from over 80 - 90 million VND/m2, the lowest winning lot is 63.5 million VND/m2. Compared to the starting price, the price of winning lots is 5-8 times higher.
According to Lao Dong reporter's research, the land auction market in the suburbs of Hanoi has been very hot recently.
As in Dan Phuong district, the auction of 85 plots of land at the end of July 2024 also recorded a winning land lot of 99.2 million VND/m2.
The land plots being auctioned include 2 plots in Dong Say - Tram Sau area (phase 3), 2 plots in Dan Phuong commune, starting price 42 million VND/m2.
67 plots at N1 road area, Ha Mo commune, starting price from 40 million VND/m2 to 51 million VND/m2. 16 plots in De Nhi area, Phuong Dinh commune (phase 2), starting price from 35 million VND/m2 to 41 million VND/m2.
During the auction on July 28, thousands of people attended, making the auction extremely hot.
The results after the auction recorded that there were 67 plots of land in the N1 road area, the land plots had a starting price of 40 million VND/m2 with winning prices ranging from 41.4 - 62.8 million VND/m2. Among these, location A7 is the plot with the largest area with 101 square meters, winning at a price of 62 million VND/m2, equivalent to nearly 6.3 billion VND.
Mr. Le Van Manh - Director of Dan Phuong District Land Fund Development Center (Hanoi) - said that there were more than 1,000 sets of documents participating in the auction of 85 plots of land.
The auction was successful, the winning land lots were in good locations, corner lots were on main roads, this auction area had a well-developed infrastructure. Notably, the plots located close to the N1 branch road have a starting price of 49 million VND/m2 but the winning price more than doubled, reaching almost 100 million VND/m2.
"In the auction, one plot had the highest winning bid of up to 99.2 million VND/m2" - Mr. Manh said.
