National Joint Stock Auction Company No. 5 has just announced the auction of the right to use 23 plots of land in Duoc Thuong village, Tien Duoc commune, Soc Son district, Hanoi city.
The plots of land have an area of 89 - 200m2, with a starting price of 17,457,000 VND/m2. The step price is 2 million VND/m2, the deposit for each plot of land is 311 - 698 million VND/plot of land.
The auction is a one-round direct vote at the auction using the method of bidding up.
The auction will take place at 8:30 a.m. on March 19 at Soc Son District Gymnasium (address: Group 3, Soc Son Town, Soc Son District, Hanoi City).
Previously, Thanh Xuan Joint Stock Auction Company announced the organization of an auction of the right to use 36 plots of land in Dong Lai village, Quang Tien commune, Soc Son district on March 8.
The plots of land have an area of about 90-220.6m2, with a starting price of more than VND9.1 million/m2. Compared to last year, this starting price is 3.7 times higher. Participants must pay a deposit of 164 - 400 million VND/plot of land.
36 plots of land in Soc Son were re-auctioned in March due to not finding owners in the auction on November 29, 2024. Accordingly, the auction on November 29, 2024 caused a stir in public opinion when a customer offered 3 plots of land at 30 billion VND/m2. At the end of the auction, 22/58 plots of land were successfully auctioned. The 36 plots of land were not successfully auctioned because all customers did not bid in round 6 (the final round).
After this incident, the Investigation Police Agency of Hanoi City Police urgently arrested and temporarily detained 5 subjects to investigate the case related to the bid of 30 billion VND/m2 in the land auction in Soc Son district.
On December 10, 2024, Hanoi City Police initiated a case, prosecuted the accused, and temporarily detained Nguyen Duc Thanh (born in 1992, in Bac Ninh City), Pham Ngoc Tuan (born in 1991), Ngo Van Duong (born in 1994), Nguyen The Trung (born in 1994), Nguyen The Quan (born in 1994), all in Dong Anh District (Hanoi), for the crime of "Violating regulations on property auction activities".
Since August 2024, many auctions have caused a stir in public opinion when recording many auctions with a large number of documents, record high winning prices far exceeding the actual value and then abandoning deposits such as auctions in Thanh Oai district, Hoai Duc...
To rectify the "chaos" situation in land auctions, at the end of last year, the Prime Minister continued to request ministries and localities to rectify land auctions after a number of recent sessions showed signs of price inflation, causing market disruption.
