Ho Chi Minh City’s Department of Natural Resources and Environment (DNRE) has reported to the city’s People’s Committee about adjusting the timeline for the auction of 3,790 apartments and a series of “golden land” plots in the new Thu Thiem urban area.
The auction will include the sale of 3,790 apartments in buildings R1 to R5 in the new Thu Thiem urban area. According to the DNRE, the preparation of documents for the auction of these apartments will be completed before July 7. The auction is scheduled to take place before September 26.
 The 3,790 apartments up for auction are located in the 38.4-hectare area of Binh Khanh ward, part of the 12,500 resettlement apartments for Thu Thiem residents. Photo: Hoang Giam |
Regarding the “golden land” plots in the new Thu Thiem urban area, the DNRE stated that there are 18 plots of land included in the auction plan for the 2024-2025 period.
This year, Ho Chi Minh City plans to auction off 4 plots of land. Specifically, plots 1-2 (7,886m2) and 1-3 (5,006m2) are part of functional area 1; plot 3-5 (6,446m2) is part of functional area 3; and plot 7-1 (74,393m2) is part of functional area 7.
The auction for the 4 plots of land is expected to take place from July to November 2024. According to the plan, these plots of land will be used for multifunctional residential areas.
The 7-1 plot of land is planned to be developed into an internationally-standardized resort hotel. The auction date may change depending on the results of the auction for the 3 previous plots of land.
Empty plots of land in the new Thu Thiem urban area awaiting auction. Photo: Anh Phuong |
In 2025, Ho Chi Minh City plans to auction off 7 plots of land in the new Thu Thiem urban area, including 4 plots of land in functional area 1, scheduled for auction in September 2025; and 3 plots of land in functional area 3, scheduled for auction in November 2025.
In addition, 6 other plots of land planned for the construction of sports and entertainment complexes, such as sports facilities, specialized parks, conference centers, hotels, and commercial services, are also being prepared for auction.
Anh Phuong
