50 plots of land in Muong Khuong, Lao Cai to be auctioned

Duy Dũng |

Lao Cai - 50 plots of land in the commune center are about to be auctioned, with a total starting price of more than 48 billion VND.

On December 9, according to PV's investigation, LTA Joint Stock Auction Company has just announced the organization of an auction of the right to use 50 plots of land in Muong Khuong commune (Lao Cai), opening up opportunities for people who need to own long-term residential land in areas with synchronous infrastructure investment.

The plots of land in Tung Lau village (Tung Lau - Na Day Infrastructure Project) and Na Bu - Ham Rong village (formerly the District Central Bus Station New Urban Area Project) have a total area of over 7,900m2, starting price ranging from 5.57 million VND/m2, total value of over 48.6 billion VND.

The auction is conducted in the form of indirect voting, bidding up; the price announcement ceremony takes place at 8:00 a.m. on December 25 at the Na Khui Village Cultural House.

The documents were sold and received from December 8 to 22 at the headquarters of LTA Company, Lao Cai branch and the Construction Investment Management Board of Muong Khuong area.

Registrants can actually view the land from December 15-17 and pay a deposit of 20% of the starting price of each plot, along with a bidding form sent to the Project Management Board before 5:00 p.m. on December 22.

Participants must meet the conditions for State land allocation according to the 2024 Land Law and comply with auction regulations.

Participants are required to be present at the price announcement ceremony; the fee for purchasing documents is not refunded and the starting price does not include taxes and related fees.

After winning the auction, people pay land use fees according to the notice of the tax authority.

The auction is expected to contribute to the effective exploitation of land funds, creating conditions for people to access residential land and promoting infrastructure development in Muong Khuong.

Duy Dũng
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