Many houses in the center of District 1, Binh Thanh (HCMC) have large areas and are listed at a starting price of several tens of billions of dong. Some other apartments were auctioned many times but were not successful.
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The house at 37 Do Quang Dau (Pham Ngu Lao Ward, District 1, Ho Chi Minh City) was announced by the Civil Judgment Enforcement Department of District 1 to hold an auction at 14:12 p.m. on April 4, in person. Previously, This house was auctioned 3 times but failed.
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The house is on a large street with many people passing by, right in the center of District 1. The auction starting price is more than 21,2 billion VND, excluding value added tax (VAT), equivalent to 518 million VND/m2.
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According to the certificate, the land plot has an area of 41m2, the house is currently built with 5 floors and has a mezzanine and terrace with a total area of nearly 270m2. However, the total recognized construction floor area is only nearly 190m2.
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Another property at land plot No. 12-20 Le Van Huu (Ben Nghe ward, district 1) was also auctioned. The property includes part of a 1-storey villa with a construction area of more than 3m133, apartments on the 2st and 1nd floors, private use area of nearly 2m60, common use area of more than 2m27. The auction's starting price is more than 2 billion VND, held on April 22,5.
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House No. 128/10/2 Cong Box Rach Bung Binh (Ward 9, District 3) has been auctioned unsuccessfully 17 times and is preparing for the 18th auction. The starting price of the auctioned property is more than 10 billions dong.
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According to a notice from the Ho Chi Minh City Civil Judgment Enforcement Department, the land area according to the certificate is nearly 209 square meters. The current status is a level 2, 4-storey house with a valid construction floor area of nearly 2m406.
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The auction period for house number 128/10/2 Cong Box Rach Bung Binh with a starting price of over 10 billion VND takes place from March 20 to April 3. The advance deposit is 9 billion VND, equivalent to 4% of the starting price.
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Another house at 272 Dien Bien Phu (Ward 17, Binh Thanh District) with an area of 121m2 was announced for auction for 25 billion VND.
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The house has 3 floors, located entirely within the boundary of Dien Bien Phu street (120m), long term of use. Calculated, this 3-storey house costs nearly 210 million VND/m2.
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The house at 48 Phan Chu Trinh (Ward 24, Binh Thanh District) is being auctioned for the 16th time. The house has a construction area of 125m2, 3-storey structure, with a large porch and yard. Starting price is nearly 117,5 billion VND, auction deposit is more than 23 billion VND.
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Survey by newspaper reporters People intellectual shows that some real estate assets are largely old, showing signs of damage or deterioration. Some houses are still inhabited or empty, used as business locations or for rent.
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Many properties are in beautiful locations, with wide street frontages but large areas, and high starting prices can be an obstacle to auction results, in the context of a not too favorable real estate market.
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Lawyer Tran Minh Cuong, Ho Chi Minh City Bar Association, said that real estate auctions are unsuccessful for many reasons. In addition to the difficult real estate market recently, the auction starting price is still high, depending heavily on previous valuation levels - when the market traded well.
In addition, auctioning assets for judgment enforcement also has many risks such as difficulties in handing over assets, handing over assets but not handing over documents due to processes or errors of relevant agencies... Some judgments, Even though the appeal decision was decided and the auction was completed, the verdict was canceled and the auction winner was affected and involved in a dispute.
According to Dan Tri
