Bank sells a series of real estate properties in Hoi An ancient town

(Dan Tri) - A series of houses in Hoi An ancient town, Da Nang, are being sold by banks to recover bad debts of businesses and individuals. The properties are priced from about 8 billion VND to nearly 52 billion VND.

Since the beginning of July, Agribank has continuously announced the auction of assets with nearly 30 land use rights, house ownership rights and other assets attached to land in Hoi An and Hoi An Dong wards, Da Nang city.

The auctioned assets include a house at 2A Nguyen Hue Street, with an area of over 124 square meters; 2 properties at 45/39 Tran Hung Dao Street, with usable areas of nearly 84 square meters and 139 square meters; and a property at H23/11, Alley 49, Tran Hung Dao Street, with an area of over 161 square meters.

These 4 properties are all in Hoi An ward, and are being auctioned by the bank with a starting price of nearly 51 billion VND.

The land and house at 2A Nguyen Hue, Hoi An ward, is up for auction (Photo: Cong Binh).

The properties at 45/21 (area of over 245m2); 45/23 (area of nearly 130m2), 45/25 (area of nearly 110m2) Tran Hung Dao Street, Hoi An Ward were auctioned with a starting price of over 46 billion VND.

The largest asset in this auction of Agribank is real estate in Ngoc Thanh block, Hoi An ward, with an area of nearly 767m2, starting price of nearly 52 billion VND.

The remaining properties range from 90-200m2, priced at VND8-36 billion. These properties are used as collateral for loans from a series of companies.

Previously, in 2023, a number of major banks also continuously put up for sale dozens of real estate properties, hotels, and resorts in Hoi An. These properties are mostly owned by businesses operating in the tourism sector.

Last April, some of the above assets were also put up for sale but were unsuccessful. It is known that the total starting auction value of nearly 30 assets above was over 300 billion VND, much lower than the total outstanding debt of the enterprises that borrowed from the bank.

Source: https://dantri.com.vn/kinh-doanh/ngan-hang-rao-ban-hang-loat-bat-dong-san-o-pho-co-hoi-an-20250703170228533.htm