Prices increased unexpectedly
In recent days, people have been very interested in auctioned land in the suburbs of Hanoi because many lots increased unexpectedly . In particular, in Thanh Cao commune, Thanh Oai district (Hanoi), there are 15 plots of land with starting prices of 1 billion VND increasing to 7 billion VND after the auction.
Land plots have an area of 60-85 m2 with starting prices from 8.6 - 12.5 million VND/m2. At the end of the auction, many plots of land were auctioned with prices increasing by nearly ten billion VND compared to the starting price.
For example, plot LK01-4, area 85 m2, has a starting price of more than 11.2 million VND/m2, the total starting value of the land plot is nearly 956 million VND. At the end of the auction, this plot of land was bid more than 84.7 million VND/m2, making a total land lot of 7.2 billion VND.
The summary table shows that about 15 lots with a starting price of 955 million VND/lot all "increased" the price to more than 7 billion VND/lot.
It is recorded that the lowest lot is lot LK06-9, area 85 m2, starting price of more than 8.6 million VND/m2, total starting price of land lot is nearly 737 million VND. At the end of the auction, the above land lot was paid more than 51.8 million VND/m2, the total winning price was 4.4 billion VND.
Many plots of land after successful auctions were offered for sale publicly on real estate forums. The selling price differs from the winning auction price by 200-500 million VND/lot.
However, through analyzing the unreasonableness, the price of rural land in the suburbs, where there is a lack of infrastructure, is higher than in areas with synchronous infrastructure.
Many people say that they bid high to inflate the prices of surrounding land plots. However, there are also opinions that paying high prices, even up to 100 million VND/m2, is simply because they misjudged the market situation.
Faced with the reaction of public opinion and the market, many land plot owners have reduced prices in the hope of getting rid of goods.
There are even investors who accept to cut losses, such as land lot LK04-2 with an area of nearly 61 m2, winning price of more than 4.24 billion VND (nearly 70 million VND/m2), now offered for sale at 4.1 billion VND. copper.
Mr. Vu Trong Kien (38 years old, broker in Thanh Oai area) commented that although some lots have been discounted compared to the winning price, it is difficult to have transactions.
In the case of some winning lots at high prices, if they do not take profit and when the price is reduced they cannot liquidate, there is a high possibility that they will accept to give up the deposit, especially when the deposit only fluctuates around 100 - 200 million VND. .
The possibility of dropping a deposit is there
Financial expert, Associate Professor, Dr. Dinh Trong Thinh commented that the winning auction price of up to 100 million VND/m2 reflected the "heat" of the land auction market in suburban districts of Hanoi.
However, one reason for the unrealistically high price cannot be ruled out that the price is set by a team of "agents" who, after holding the land previously, push up the price to create new ground to sell the surrounding land that has been invested in. profit. Therefore, the possibility of dropping the deposit is there.
"Their main goal has been achieved, so depositing a few hundred million cannot compare to the profit if they sell the surrounding land for many times the price" - Mr. Thinh analyzed.
Sharing the same opinion, Mr. Nguyen The Diep - Vice Chairman of Hanoi Real Estate Club - also said that some individuals and organizations may be deliberately setting very high winning prices to push up the market price level. school. In the worst case, they can completely abandon their deposit without suffering too much financial loss.
“Currently, the deposit corresponds to 20% of the starting land price. Meanwhile, the land prices set by agencies are relatively low. In the case of 68 plots of land auctioned in Thanh Oai district, the starting amount is only 8 - 12 million VND/m2. Agencies need to recalculate the land price mechanism to limit deposit abandonment and market manipulation" - Mr. Diep proposed.
