The Land Development Center – Department of Natural Resources and Environment of Da Nang City has recently collaborated with the Vietnam Auction Joint Stock Company to announce an auction for the land lot with code A1-2-1, located on the route from Han River Bridge to the sea on Pham Van Dong Street, Son Tra District.
The northern side of the land lot borders An Don 2 Street, the western side borders Ngo Quyen Street, the eastern side borders Hoang Duc Luong Street and pedestrian street, and the southern side borders Pham Van Dong Street.
The total area of the land lot is nearly 10,000 square meters, with a starting price of over 137 million VND/square meter. The land lease period is 50 years, and the lessee is required to pay the rent in a lump sum. Da Nang City has already completed the clearance of the site and the technical infrastructure.
The land lot near Han River Bridge is being auctioned by Da Nang City with a starting price of 137 million VND/square meter
The land lot is intended for the construction of a commercial center and office space for lease, with a total estimated investment capital of nearly 2,000 billion VND to be implemented by the winning bidder.
Da Nang City has set a condition that participating companies must deposit 20% of the total land value in advance. In the case of two or more companies having cross-ownership as stipulated by business laws, only one company is allowed to participate in the auction.
Participants in the auction must also provide a comprehensive investment project report that is appropriate for the function and planning criteria, progress, and total estimated investment capital of the project; they must have documents and papers proving the minimum capital ownership to carry out the project, which must not be lower than 20% of the total estimated investment capital; they must commit not to be in a state of bankruptcy or in the process of dissolution…
