According to data from the Public Asset Information Portal, as of May 4, many localities such as Hung Yen, Phu Tho, Ninh Thuan, Gia Lai, Hoa Binh, Binh Phuoc, Lam Dong and Kon Tum have announced plans to auction land use rights in May, with hundreds of plots of land put on the market, spread across the North, Central to the Central Highlands.
Hung Yen will auction 131 plots of land in Nguyen Hoa commune, Phu Cu district on May 18, with a total starting price of more than 123 billion VND. The lots are located in the La Tien market resettlement area, with starting prices from 9 to 10.8 million VND/m2. Participants must deposit 20% and submit their application before 5:00 p.m. on May 14. The auction is organized in the form of direct voting in one round, with an upward bid.
In Phu Tho, Lam Thao district organized an auction of 71 land plots in Dong Nha Vam area on May 19. This is a large-scale auction in the locality, with the expectation of attracting investors thanks to its convenient location and clear legal documents.
In Ninh Thuan, Thuan Nam district plans to auction 17 land lots in Quan The 2 resettlement area, Phuoc Minh commune on May 16. The auction took place at the hall of the Commune People's Committee, with a deadline for submitting documents until May 13.
In Gia Lai, Mang Yang district will auction 66 plots of land in the administrative center of Dak Djrang commune on May 23. Meanwhile, in Hoa Binh, Lac Thuy district also organized an auction of 65 plots of land in Dong Tam commune on May 23.
Some southern localities also actively organize land auctions. In Binh Phuoc, Hon Quan district will auction 30 land lots on May 8. Lam Dong organized an auction of 30 lots in Bao Loc city on May 9. Kon Tum also announced the auction of 6 plots of land in the urban area south of Dak Bla bridge on May 14.
According to records, the auctions are all made public with clear information about location, area, starting price, time to submit documents and organization form. Many provinces require participants to deposit 10 - 20% of the starting value to ensure the seriousness of the auction.
The disclosure of land auction information is contributing to market transparency, while helping investors easily access land areas that suit their needs.
According to experts, the fact that many localities are simultaneously auctioning land in the context of the real estate market gradually warming up is a positive signal. This move not only contributes to increasing budget revenue but also creates more legitimate and transparent investment opportunities in the context of the market waiting for a policy boost from the central government.
