Agribank Cau Giay branch has announced the auction of a series of beautiful villas in Ha Long city, Quang Ninh province to recover loans. These villas are located in the Thuy San hill villa area, Bai Chay ward, Ha Long city, Quang Ninh province.
Specifically, the first villa plot has an address at lot number 33, BT-A4 QH. The land area of the plot is 275m2. The starting price is nearly 2.9 billion VND.
The second villa plot has an address at lot number 37, BT-A4 QH. This villa plot has an area of 240m2. The starting price is over 2.5 billion VND.
Another villa plot is located at lot number 38, BT-A4 QH. This villa plot has an area of 272m2. This villa plot has a starting price of over 2.8 billion VND.
These 3 villas are owned by Mr. Nghiem Van Toan and Mrs. Nguyen Thi Hien Trang.
In addition, Agribank Cau Giay Branch also auctioned 2 other villas which are lot number 39 and number 40, BT-A4 QH. The areas of these 2 villas are over 300m2 and 424m2 respectively. The starting prices of these 2 villas are 3.2 billion VND and 3.8 billion VND respectively. These 2 auctioned properties belong to Mr. Nguyen Van Sang and Mrs. Nguyen Thi Huong.
According to the survey, the villa prices in the Thuy San hill villa area range from 16-20 million VND/m2. The selling prices on real estate trading websites for villas with an area of over 200m2 range from 4.5-5 billion VND. For example, a 291m2 villa is being sold at a deep discount price of 4.8 billion VND. Compared to this selling price, the starting prices of the villas being liquidated by the bank are about 50% lower.
Prices of some villa plots in the Thuy San hill villa urban area. (Screenshot)
According to Agribank, the auction will be conducted separately for each property. The announced starting prices do not include the obligation to pay taxes and fees so that the buyer can register the right to use and own the property attached to the land at the relevant state agency in accordance with the law. The buyer is responsible for paying all taxes, fees related to the registration of land use rights and ownership of property attached to the land at the competent authority, and the contract notarization fee for the property purchase and sale.
