Bank lowers price by hundreds of billions of dong for a prime plot of land in Da Nang.

Agribank Da Nang Branch has just announced the auction of collateral assets, specifically a plot of land measuring 3,927.7 square meters in Ngu Hanh Son district.

This prime piece of land is located at plot A2.1 in the Tuyen Son bridgehead area, within the land development zone of the Le Van Hien road upgrade and expansion project, Khue My ward, Ngu Hanh Son district, Da Nang .

The starting price for the property is 303.508 billion VND. Bidders are required to deposit 60.70 billion VND.

Notably, this is one of four plots of land in Da Nang that Agribank put up for auction back in May 2024, with a total starting bid of over 750 billion VND. Of that, the starting bid for this particular plot of land was 469.69 billion VND.

Thus, the starting price of this property has decreased by as much as 166 billion VND in over 7 months, since it was first put up for sale in the middle of last year.

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It is understood that the land plot in question is collateral securing loans at Agribank Da Nang Branch; the loan was settled according to a legally binding court judgment, and the land was seized by the civil enforcement agency for auction in accordance with the law.

Also at Agribank, the North Ho Chi Minh City Branch has just announced the auction of the right to use specialized land with an area of ​​up to 6,736.3m2 in Ward 12, Vung Tau City, under the ownership of Mr. KTA. The starting price for the auctioned property is 64 billion VND.

Meanwhile, Vietcombank's Ha Long Branch (Quang Ninh) has also announced the auction of a series of properties belonging to the Vincom public housing project, Group 4, Diem Thuy area, Cam Binh ward, Cam Pha city, Quang Ninh province. These properties are all four-story houses with unfinished interiors and completed exteriors.

Of these, 3 properties in this project are the property of the customer (Thai Duong Cuong Import-Export Trading Co., Ltd.).

The first asset is valued at VND 9.232 billion, with a starting bid of VND 7.193 billion. The second asset is valued at VND 5.277 billion, with a starting bid of VND 4.429 billion. The third asset is valued at VND 5.599 billion, with a starting bid of VND 4.693 billion.

Meanwhile, the remaining properties, also part of the Vincom public housing project, that Vietcombank is offering for sale are collateral assets of Khoi Nguyen Huyen Import-Export Company Limited.

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The first asset is valued at VND 5.396 billion, with a starting bid of VND 4.693 billion. The second and third assets are both valued at VND 5.299 billion and have the same starting bid of VND 4.451 billion.

According to our investigation, both companies, Khoi Nguyen Huyen Import-Export Co., Ltd. and Thai Duong Cuong Import-Export Trading Co., Ltd., share the same registered address at 3D Ly Tu Trong Street, Minh Khai Ward, Hong Bang District, Hai Phong City, and are both registered to conduct wholesale trade of automobiles.

Source: https://vietnamnet.vn/ngan-hang-ha-gia-tram-ty-lo-dat-vang-o-da-nang-2360603.html