The Execution Division of Civil Affairs in District 1, Ho Chi Minh City, has recently announced the auction of land at 37 Do Quang Dau Street, Pham Ngu Lao Ward, District 1. This is the fourth auction for this plot of land.
The land area is 41m2, with a 6-storey building. The total construction area is nearly 188m2. The starting price for the auctioned property is 21,244 billion VND, which means each m2 of land on Do Quang Dau Street is priced at about 518 million VND.
The auction dossier sale period lasts from March 13th to April 9th. Each auction participation set costs 500,000 VND, equivalent to 5% of the starting price (over 1 billion VND) as a deposit. On April 12th, the official auction will take place in Thu Duc City.
Real estate in District 1, Ho Chi Minh City always has a high price. (Photo: Dai Viet)
The Civil Affairs Execution Division of Ho Chi Minh City will also organize the auction (the 5th time) for a house located at 225B-C Tran Quang Khai Street, Tan Dinh Ward, District 1, with a land area of 89.5m2, a structure of 1 ground floor and 3 floors, with a total construction area of over 362m2. The starting price for this property is 28.7 billion VND.
Therefore, this house is currently being offered for an average price of about 340 million VND/m2. The property viewing and auction registration period is from March 18th to April 8th.
The auction participation fee is 500,000 VND/set, and the deposit is equivalent to 20% of the starting price, which is 5.74 billion VND. The auction for the mentioned house will take place at 2:30 PM on April 11th.
Mr. Ngo Van Nghia, a representative of a real estate company in District 1, said that houses priced at 500 – 600 million VND/m2 in District 1 are normal. In prime areas such as Dong Khoi Street, Nguyen Hue Street, Le Lai Street, Le Loi Street, the actual land prices have reached 1.5 – 2 billion VND/m2.
Currently, the Civil Affairs Execution Division of Ho Chi Minh City is also announcing the auction of many houses in District 10, Go Vap District, Tan Binh District, Binh Thanh District… with starting prices ranging from several billion to tens of billion VND.
