On March 14, the Hanoi City Infrastructure Management Center (Department of Construction) coordinated with DVL Joint Stock Auction Company to successfully auction the batch of pine wood in large quantities.
This wood was recovered during the maintenance of the green park from 2018 to present in Hanoi managed by the Department of Construction. The batch of pine wood includes 1,463 beds and wood pieces, equivalent to more than 39m3 of core and shell.
The starting price of the pine wood lot is 154.616 billion VND, excluding value added tax and taxes, fees, and expenses related to the transfer of ownership and use rights.
The auction was held online on the online auction website, with the regulation that customers deposit 20 billion VND and go through many bidding rounds, each price step is 200 million VND.
The auction winner is responsible for paying taxes, fees and expenses. 12 customers have purchased documents, 8 customers have submitted documents and finally two customers have paid a deposit, qualified to participate in the auction.
The auction lasted 60 minutes. As a result, Dai Nhu Y Real Estate Joint Stock Company, located at 96-97 Ly Anh Tong Street, Vo Cuong Ward, Bac Ninh City, Bac Ninh Province, won the auction of 154.816 billion VND.
Red thorn trees belong to group 1A wood, an extremely rare group. The Southern wood has beautiful colors, essential oils, aroma and is very scarce, with high economic value. The types of wood in this group are often used as handicrafts, carpentry. This is the second hastily auctioned wood in Hanoi (first time in 2016).
