Thanh Oai land auction is tense as a bowstring: Highest winning price is 90 million VND/m2

(Dan Tri) - The auction of 25 land lots in Thanh Oai district has just ended with the highest winning price of 90.3 million VND/m2, 17 times higher than the starting price. Although there were not many participants, the auction was still "tense as a bowstring".

Late afternoon on November 16, the auction of 25 land lots in Thanh Oai district ( Hanoi ) ended. Sharing with Dan Tri reporter, the representative of Thanh Oai district Land Fund Development Center said that the winning price of the two highest land lots reached 90.3 million VND/m2, 17 times higher than the starting price. The lowest lot had a price of 45.3 million VND/m2, 8.5 times higher than the starting price.

According to Dan Tri reporter's investigation, the two highest plots of land have an area of ​​113.88m2 and 129.36m2. Thus, the total value of these two plots of land is nearly 10.3 billion VND and nearly 11.7 billion VND respectively.

Mr. Nguyen Trong Khien - Vice Chairman of Thanh Oai District People's Committee - said that this auction attracted more than 400 applications from 111 customers. The number of applications and participants at this auction has decreased significantly compared to August, when there were 4,600 applications from 1,545 people.

Mr. Tung - a local real estate investor - said that initially, his group participated with 10 applications aiming to win 3 lots with prices of 40-45 million VND/m2 but did not win.

"Although this auction had a lot fewer participants than the one in August, the situation was still tense. Many participants hoped to win at least one plot of land, so even though the price was high, some people were still determined to pay more to buy it," he said.

Many people wait for the auction results outside the venue (Photo: Duong Tam).

According to him, the 25 lots put up for auction this time have better locations than the 68 lots in August. Therefore, it can be said that this auction has cooled down compared to the previous one.

Sharing the reason why few people participated in the auction this time, Mr. Tung said that because the previous auction had 55 lots with deposits, many investors were afraid that if they won and could not sell immediately, they would have to continue to forfeit their deposits. Besides, in the past time, the land market in the outskirts of Hanoi has slowed down, not as vibrant as 3 months ago.

Many brokers set up tables and chairs and tents on the land to advise customers on buying at a higher price (Photo: Duong Tam).

This land auction still saw many plots of land being sold at a higher price immediately after winning. For example, Mr. Luong - an investor from Phu Tho , just won a plot of land with an area of ​​157.19m2 with a price of 45.3 million VND/m2, equivalent to more than 7.1 billion VND. Immediately after winning, this person immediately put it up for sale at a higher price of 1 billion VND. Thus, if the transaction is successful, this plot of land will be worth 8.1 billion VND.

Previously, on August 10, Thanh Oai district held an auction of 68 plots of land in Ngo Ba area, Thanh Than village, Thanh Cao commune. The plots of land ranged in area from 60m2 to 85m2, with starting prices from VND8.6 million/m2 to VND12.5 million/m2. The auction attracted 4,600 applications, but only 4,201 qualified applications from 1,545 people.

Some plots of land are being sold at higher prices on real estate groups (screenshot).

Notably, the highest winning price for the corner lot was nearly 100.5 million VND/m2, 8 times higher than the starting price. The regular lots had winning prices ranging from 63 million VND/m2 to 80 million VND/m2, 5 to 6.4 times higher than the starting price. However, 55 lots were later abandoned, including the highest priced lot of more than 100 million VND/m2. Of the 13 lots with full payment, the highest priced lot was 55 million VND/m2.

Source: https://dantri.com.vn/bat-dong-san/dau-gia-dat-thanh-oai-cang-nhu-day-dan-gia-trung-cao-nhat-90-trieu-dongm2-20241116182139215.htm