Agribank, the Vietnam Bank for Agriculture and Rural Development, has announced the auction of several prime real estate assets in the coastal city of Da Nang. These properties, located in the prestigious districts of Ngu Hanh Son and Son Tra, are expected to fetch a combined value of over VND 750 billion.
The most valuable asset on offer is a commercial land lot in the up-and-coming Khue My ward of Ngu Hanh Son. Spanning almost 4,000 square meters, this site is earmarked for commercial development and carries a starting price of VND 469.69 billion.
Three additional land parcels are up for auction in the desirable Tran Bach Dang area of Son Tra district. These include two residential plots measuring 1,223.7 square meters and 270 square meters, respectively, and a third mixed-use land lot of 298.8 square meters. The starting price for these prime urban sites is VND 225.88 billion. Notably, one of the lots already features a recently constructed 8-story hotel and apartment complex.
The remaining assets include a residential land lot in My Khe, covering 339.9 square meters with a starting bid of VND 31.94 billion, and another residential site in An Hai Dong, measuring 302.1 square meters, starting at VND 22.96 billion.
With such a diverse range of properties on offer, this auction presents a unique opportunity for investors and developers alike. All eyes are now on Da Nang as the auction date approaches.
