The Vietnam Auction Partnership Auction Company has announced an auction for the right to use 58 land plots in the Man Ca, Man Cong, and Ma Man areas (belonging to the ONT-07 and ONT-08 series) in Van Quan village, Do Dong commune, Thanh Oai district.
Specifically, the land plots range in size from over 76 to 189 square meters, with a starting price of VND 5.3 million per square meter. Customers participating in the land auction must make an advance payment of approximately VND 81-201 million.
The auction will be held in the form of a closed, direct, one-round (one-time) vote, with an upward bidding method for each plot.
A land auction site in Thanh Oai District, Hanoi. Photo: Hong Khanh |
The auction is scheduled to take place on the morning of October 5 at the Thanh Oai District Sports House.
Previously, on August 29, the People’s Committee of Thanh Oai district sent a document to the District Land Development Center and two auction organizing companies to temporarily suspend the organization of land-use right auctions for 114 land plots in Dam, Muc Xa village, Cao Duong commune.
According to the plan, Thanh Oai district would auction these 114 land plots in two sessions (57 plots per session). The first 57 plots were to be auctioned on September 8.
The People’s Committee stated that they would announce the reorganization of the auction after reviewing the legal, conditional, and regulatory compliance aspects.
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55 out of 68 plots forfeited their deposits, including the plot with the highest price of over 100 million VND/m2 According to the Thanh Oai District Land Development Center, as of September 16, despite the deadline for payment, only 13 out of 68 land plots had fulfilled their financial obligations. The highest-priced plot among those that have paid in full is over VND 55 million per square meter. Plots with winning bids above 80 million VND per square meter, including the winner of the plot with the highest price of 100.5 million VND per square meter, have not paid on time. Thus, 55 plots are considered to have forfeited their deposits. The auction of 68 plots in Ngo Ba, Thanh Than village, Thanh Cao commune, held on August 10, was expected to raise more than VND 400 billion. However, with only 13 plots fulfilling their financial obligations, the total amount collected is just over VND 80 billion, or 20% of the expected revenue. |
Hong Khanh
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