The land area of more than 5,200m2 in Thanh Ba commune will be put up for auction to select investors to implement the urban area project with a starting price of nearly 50 billion VND.
According to information from DVL Joint Venture Auction Company, on July 31, an online auction of land use rights and assets attached to land will take place in the recovered land area of the Culture - Sports and Tourism Center (old), belonging to Thanh Ba town before, now Thanh Ba commune, Phu Tho province.
The land area has a total area of 5,225.5m2, including 2,049.15m2 of urban residential land, 260.9m2 of commercial and service land, the remaining area is traffic land and public works.
The starting price of the entire land area approved is nearly 49.74 billion VND. Investors participating in the auction must pay a deposit of more than 9.94 billion VND, equivalent to 20% of the starting price.
This is a land use right auction to select investors to implement the project, so in addition to financial capacity, participating organizations must also meet many criteria on experience and project implementation capacity.
According to regulations, investors must have owner's equity not less than 20% of the total investment of the project. At the same time, they must prove that they have implemented and completed at least one housing project with equivalent capital scale, put into operation and use.
In addition, the auction participation dossier must include the investment plan, design, planning and project implementation progress, in accordance with the detailed construction plan at a scale of 1/500 approved by competent authorities.
According to the plan, urban residential land is built with a density of about 80%, average height of 3 floors. Commercial and service land has a construction density of about 60%, average height of 6 floors, oriented to develop commercial, service and tourism projects.
The auction session is organized online, the bidding time lasts 60 minutes. The applied price step is 110 million VND for each bidding for the entire land area and assets attached to the land.
According to the auction plan, the winning investor will be allocated residential land by the State with a long-term use term and leased commercial and service land for 50 years to implement the project according to the plan.
The auction organizing agency also noted that in case the investor wins the auction but does not fulfill financial obligations or violates commitments according to regulations, the winning auction result will be cancelled and the deposit will not be refunded.
