The Da Nang Land Development Center has just announced the selection of an organization to auction 123 residential land lots, with a total reserve price of over VND 720 billion.
Among them, Hai Chau District has 3 prime lots: B99 at the intersection of Nguyen Huu Dat and Huynh Man Dat Street, 96 B1.1 at the intersection of Trinh Cong Son and Tien Son 9 Street, and 01- B1.2 at the intersection of Trinh Cong Son and Tien Son 9 Street.
These lots range from 109-115m2 in size and have a starting price of VND 98.6-100.7 million per square meter, making them the most expensive in this auction.
Da Nang is auctioning off 123 land lots, expected to fetch VND 720 billion
Ngũ Hà nh Sơn District offers 53 lots for auction, including 7 lots on Vo Chi Cong Street (100m2 each) with a starting price of nearly VND 75 million per square meter, and 29 lots with two frontages on Vo Chi Cong and Luu Dinh Chat Streets, starting at over VND 47 million per square meter. The remaining lots are in the Khai Tay 2 Resettlement Area, Hoa Quy Ward, with a starting price of over VND 23 million per square meter.
In Son Tra District, there are 46 lots up for auction, with starting prices ranging from VND 40 million to over VND 61 million per square meter, located on Tran Thanh Ton, Chu Huy Man, Ngo Cao Lang, Pham Van Xao, and Ho Sy Phan Streets, among others.
In Thanh Khe District, a single lot is available at the intersection of Ly Trien and Nguyen Phuc Thai Streets, measuring over 122 square meters and starting at VND 58.2 million per square meter.
Cam Le District contributes 9 lots to the auction, located on various streets such as Lo Giang 2, Lo Giang 3, March 29, Nguyen Quang Lam, Te Hanh, Do Doc Tuyet, and Nguyen Kim, with starting prices ranging from VND 25-51 million per square meter.
Additionally, this auction includes 2 lots in Lien Chieu District and 9 lots in Hoa Vang District, with prices ranging from VND 13-27 million per square meter.
Why Can’t the 8 Large Land Plots in Danang be Auctioned Off?
The Danang People’s Committee has announced that eight plots of land intended for large-scale projects will not be auctioned off as planned in 2024 due to various complications and obstacles that have arisen.
The Green Revolution: Unveiling the Secrets to North Giang’s Record-Breaking Land Auction Revenue
According to the Bac Giang Newspaper, land-use rights auctions in Yen Dung district have attracted a large number of investors this year. This has resulted in increased budget revenues for the locality, with land-use fees reaching an all-time high.
A Closer Look at the 59 Plots of Land Slated for Auction in Hanoi’s Outskirts, Starting Bids from Just Over $7 Million.
The upcoming land auction in Phuc Tho offers a prime opportunity for prospective investors. With a starting bid of approximately 20-23 million VND per square meter, the 39 plots of land up for grabs present an enticing prospect. Meanwhile, in Hoai Duc, 20 plots with a starting bid of 7.3 million VND per square meter have been temporarily halted for review following an unusually high bidding session on August 19th.
The Loophole in Land Auctions: How Speculators Can Drive Up Prices
The land auctions in the outskirts of Hanoi have become a “hotspot”, with winning bids soaring tens of times higher than the starting price and attracting thousands of participants. However, experts warn that there are loopholes in the land auction process, and the extremely high land prices can have significant repercussions.
The Shocking Auction Aftermath: Thanh Oai Land Prices Drop to 20 Million, New Listings Start at 8 Million VND per Square Meter
The 57 land plots, situated in the picturesque Dam village of Muc Xa, in Thanh Oai district, Hanoi, are set to go under the hammer on August 17th. With a starting bid of VND 8.097 million per square meter, this is a unique opportunity to invest in a tranquil and upcoming area.
