According to Lao Dong reporters, the two "hottest" auctioned land lots recently, the auctioned land lots in Thanh Than village (Thanh Cao commune, Thanh Oai district) and Long Khuc village (Tien Yen commune, Hoai Duc district) in recent days, show that real estate brokers and customers are absent.
Sharing with reporters, Mr. Do Manh Luc - a real estate broker said, before, there were dozens of phone calls every day asking to buy land that had just won the auction in Thanh Cao commune, Thanh Oai district.
However, in the past few days, when someone wanted to buy the land, the landowner did not sell, so there are no more transactions here for the time being. "Currently, the landowners are temporarily suspending land sales while waiting for the authorities to check the recent auction process," said Mr. Luc.
Similarly in Hoai Duc district, the owners of the land plots in Long Khuc village have also temporarily suspended transactions, which is also the reason why real estate brokers are no longer present at the land plots.
A representative of the Hoai Duc District Land Fund Development Center said that according to regulations, a land plot that has not been granted a land use rights certificate is not eligible for transaction.
Only when the auction winner completes his financial obligations and is granted a land use rights certificate can he transfer the land.
Recently, the People's Committee of Thanh Oai district (Hanoi city) sent an official dispatch to the district's Land Fund Development Center and two auction organizing companies.
According to the plan, in September 2024, Thanh Oai district will organize an auction of 114 land plots in Dam area, Muc Xa village, Cao Duong commune in 2 sessions (57 land plots each session).
Of which, 57 lots in the first phase were auctioned on September 8. These lots have areas ranging from over 74m2 to nearly 135m2, all with starting prices of 8.8 million VND/m2.
However, Thanh Oai District People's Committee has requested the two auction companies to temporarily suspend the two auctions and notify customers to receive a refund of the money they paid for the documents (if any).
The agency said it will announce the re-organization of the auction after reviewing the legality and conditions, ensuring compliance with legal regulations.
Previously, National Joint Stock Auction Company No. 5 has just issued a notice on the temporary suspension of auctions of land use rights for 27 plots of land in Phu Luong, Yen Nghia and Duong Noi wards (Ha Dong district).
Hoai Duc district also announced the suspension of the auction on August 26 for 20 plots of land LK01, LK02 and the auction on September 9 for 32 plots of land LK05, LK06.
Be careful when hunting for land in areas with "hot spots" for auctions.
Ms. Pham Thi Mien - Deputy Head of Market Research and Investment Consulting and Promotion Department of Vietnam Association of Realtors (VARS) - commented that the auction land market in the suburbs of Hanoi is showing signs of "speculation and price inflation".
It is likely that there are groups that are deliberately pushing the price of a few lots to the peak to create a media effect and orient public opinion. Then, they will make a profit from other lots in the area.
From the above issues, Ms. Mien advised that investors and customers who want to learn about and buy land in the suburbs, especially in areas near the auction that just took place, need to be alert.
