Hanoi City People's Committee plans to organize an auction of land use rights for a land area of nearly 2,849m2 in Long Bien ward in 2026 to select investors to implement a high-rise parking lot combined with a gas station project.
Hanoi City People's Committee has just issued a decision approving the adjustment and supplementation of the land use right auction plan for the project of building a high-rise parking lot and a gas station in planning cell G.7/P2, Long Bien ward.
According to the decision, the unit organizing the land use right auction is adjusted from the previous district level to Long Bien Ward People's Committee. The expected time for organizing the auction session is determined in 2026.
The land put up for auction has an area of 2,849m2, belonging to planning cell G.7/P2, located in an area that has completed site clearance and is synchronously invested in technical infrastructure around.
The project belongs to the project of building technical infrastructure for planning plots along the road from the Red River dike to the Thanh Tri bridge service road, with a total planned area of about 2.7ha.
According to the investment policy approved by Hanoi City from 2024, the project has a total estimated investment capital of about 72.9 billion VND.
The construction scale includes a 3-story car garage, construction area of more than 1,022m2, total floor area of about 3,607m2; level III gas station and synchronous technical infrastructure items. The total construction floor area of the entire project is expected to reach more than 3,342m2.
After completion, the project is expected to contribute to completing traffic infrastructure in the Eastern Hanoi area, supplementing static traffic land fund, reducing parking pressure in residential areas and nearby roads. The project also contributes to improving traffic management efficiency, limiting the situation of improper parking and stopping.
The auction plan is updated according to the provisions of the 2024 Land Law and guiding documents for implementation. In which, the deposit for investors participating in the auction is determined to be equal to 20% of the total value of the land plot calculated according to the starting price and will be converted into a deposit to ensure the performance of financial obligations after the winning auction result.
The winning investor must pay 50% of the land use fee within 30 days from the date of receiving the notice from the tax authority; the remaining 50% must be completed within 60 days. In case of not paying or not paying fully as prescribed, the decision recognizing the winning auction result will be cancelled and the deposit will not be refunded.
According to the approved plan, the auction form is direct multi-round voting at the auction session using the up-pricing method, with at least three mandatory auction rounds. Participants are organizations that fully meet the conditions according to the provisions of law on land, investment and asset auction.
