Close-up of land lot 44 Tran Dinh Xu, Ho Chi Minh City - the first asset in the Van Thinh Phat auction

(NLDO)- The company that won the auction for the first land lot related to the Van Thinh Phat case spent 635 billion VND, nearly 227 billion VND higher than the starting price.

Ho Chi Minh City Property Auction Service Center has just successfully auctioned the first land lot seized in the case of Truong My Lan - Van Thinh Phat Group.

This land plot has an area of ​​over 1,157 m², located at 44 Tran Dinh Xu, Cau Ong Lanh Ward, Ho Chi Minh City, with a frontage of nearly 24 m wide and a length of over 48 m. This property was put up for auction with a starting price of 408.5 billion VND, attracting 3 customers to register to participate.

As a result, a joint stock company paid the highest price – 635 billion VND, nearly 227 billion VND higher than the starting price. The winning bidder paid the full amount and was handed over the land in accordance with regulations.

According to the HCM City Property Auction Service Center, this is the first property in the Van Thinh Phat case to be successfully auctioned, which is of great significance in recovering assets and remedying consequences for bondholders and victims in the case.

The successful sale of the land plot at a higher price than expected is considered a positive signal, demonstrating the market's interest in "clean" assets after being legally processed by the authorities.

Front of lot 44 Tran Dinh Xu

Reporters from the Lao Dong Newspaper were also present at this land and noted that the place was fenced, the gate was locked, and there were security guards on duty. The land has two frontages, including the main front facing Tran Dinh Xu Street and an alley about 6 meters wide, convenient for cars to enter and exit.

Local residents said the land was previously rented as a car showroom, but the lessee moved out in 2022. In early 2023, many real estate brokers posted ads to sell the land for around VND400 billion.

The security guard said he had only been hired to look after the property for about 3-4 days. “I only have the duty to guard and open the gate when requested. As for the new owner, I have no idea what he plans to build here,” the guard said.

Right in front of the main gate, a new sign was hung up, stating Vietnam Technology and Investment Group Joint Stock Company, with tax code. This company was established on August 1, 2020, headquartered on Pasteur Street, Xuan Hoa Ward, Ho Chi Minh City, with the main business being information technology services and computer-related activities.

Close-up of land plot 44 Tran Dinh Xu

A company sign hanging outside the land plot at 44 Tran Dinh Xu

Inside the land lot 44 Tran Dinh Xu

The Ho Chi Minh City Civil Judgment Enforcement Agency said that it has so far completed the fourth payment to more than 42,300 bondholders in the Van Thinh Phat case. The agency is continuing to appraise, measure and value other assets owned by Ms. Truong My Lan and related individuals and organizations to enforce the judgment according to the effective judgment.

Source: https://nld.com.vn/can-canh-lo-dat-44-tran-dinh-xu-tp-hcm-tai-san-dau-tien-trong-vu-van-thinh-phat-vua-dau-gia-196251104085304919.htm