National Joint Stock Auction Company No. 5 has just issued a notice of auction of land use rights for 18 plots of land at Point X1, Dong Cao village, Trang Viet commune, Me Linh district, Hanoi city (phase 4).
The plots of land have an area of 96 - 194.8m2, with a starting price of VND 5,604,000/m2. The starting price from the second round onwards is the valid bid, the highest in the previous round. In case the highest valid bid in the previous round is equal to the starting price of the auction round, the starting price of the next round is equal to the starting price of the previous round plus one price step.
The common price step applied to plots of land and in auctions is 6,000,000 VND/preseed.
The auction method is to bid up. The auction is conducted by direct voting in multiple rounds at the auction and through at least 5 mandatory auction rounds; in case that in any auction round before auction round No. 5, there is a minimum valid bid equal to the starting price approved by the District People's Committee plus 04 price steps, then the winner will be determined, if no one participates in the next auction round. The direct voting in multiple rounds at the auction ended when no one participated in bidding.
The time to register to participate in the auction is from 8:00 a.m. on February 21 to 5:00 p.m. on March 11, 2025. Auction participants submit their auction documents directly at the headquarters of the Land Fund Development Center of Me Linh district.
The auction is expected to be held at 8:30 a.m. on March 14 at the Hall of the Center for Culture - Information and Sports of Me Linh district.
