Stunning: Land Plots in Nghe An’s Rural Commune Fetch Over 12 Billion VND Each

A prime plot of land in Nghệ An has just been put up for auction with a starting price of 40 million VND per square meter, setting the minimum value of each lot at over 12.3 billion VND.

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Dong Mau Planning Area, Do Luong Commune, Nghe An Province

Recently, the Asset Auction Service Center (Nghe An Department of Justice) announced Notice No. 790/TB-TrT dated November 20, 2025, regarding the auction of 21 land plots in the Dong Mau Planning Area, Phu Dinh Yen Son Hamlet, Do Luong Commune, Nghe An Province.

Notably, two villa plots, P13 and P14, have the highest starting prices at 40 million VND/m². Plot P14, with an area of 293.2 m², has a starting price of 11.72 billion VND. After applying the price increment rule, the minimum bid for this plot reaches 12.315 billion VND.

Plot P13 (251.5 m²) has a starting price of over 10 billion VND, with a minimum bid exceeding 10.5 billion VND.

Previously, on November 14, in the same Dong Mau area, plot L15 (205.7 m²) was auctioned for 7.227 billion VND, equivalent to 35.1 million VND/m²—a price considered the “peak” at the time, representing a nearly 70% increase from the starting price.

On the afternoon of November 24, a leader of the Do Luong Commune People’s Committee confirmed that plot P14 has a price of over 12 billion VND. According to this official, it is a corner plot with the largest area in the zone and is located in the core urban development planning area, hence its high starting price.

Beyond the two “super VIP” plots, the remaining plots also command high prices. Plots P22-P25 (160 m²) have a starting price of 35 million VND/m², equivalent to 5.6 billion VND per plot. Specifically, corner plot P26 is listed at 38.5 million VND/m², approximately 8.8 billion VND.

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