HomeEconomyConstruction industryAbout to hand over "golden land" in Hue to the winning company...

About to hand over "golden land" in Hue to the winning company at a "huge" price


Regarding the auction for leasing land use rights to invest in a high-end service area project on the banks of the Huong River (address 5 Le Loi, Vinh Ninh ward, Hue city) that Reporter reported, information from the Department of Natural Resources and Environment of Thua Thien - Hue province, the auction results are now available.

Real Estate - Hue: Complete procedures to hand over "golden land" to the company that won the auction at a "huge" price.

Prime location of the land (red box).

Land plot No. 5 Le Loi has an area of ​​8.012 square meters, considered a 'golden land' located along the southern bank of the Huong River, in the central region of the city. Hue. 

The unit announced to win the auction of this land is An Phu Minh Investment and Transport Company Limited (headquartered in Hue City). This business offers a price of 5,93 billion VND/year, 7,5 times higher than the starting price of 823,9 million VND/year.

According to regulations, the lease term for the above land lasts for 10 years from the date of recognition of winning the auction. The total amount that this company had to pay after winning the auction to rent land use rights was nearly 60 billion VND.

Many investors participating in the auction said that the price won by An Phu Minh Investment and Transport Company Limited was too high. Meanwhile, according to regulations, although the land use function is commercial and service land, the net construction density is only allowed ≤ 5%, the building height is only 01 floor (≤  8m from the riverside road surface level) and do not perform this type of accommodation.

In a quick exchange with reporters, the leader of the Land Fund Development Center of Thua Thien-Hue province said that currently, this unit has fulfilled its related financial obligations and The center is completing procedures to hand over land to businesses in the near future.

Like Reporter As previously reported, the Property Auction Service Center of Thua Thien-Hue province has coordinated with the Center for Land Fund Development - Department of Natural Resources and Environment of Thua Thien-Hue province.  Organize an auction to lease land use rights at No. 5, Le Loi Street, Vinh Ninh Ward, Hue City (the land adjacent to Azerai La Residence Hotel and the 11,5m planning road along the banks of the Huong River).

The total area of ​​the land is 8.012,3m2. The land is located in the center of Hue City, located on the southern bank of the Perfume River, adjacent to the Perfume River, suitable for connecting facilities serving tourism service activities; There is a complete transportation infrastructure, electricity system, water system and wastewater pipes installed.

The goal of the auction is to call for investment in a project on the land to embellish the landscape of the Huong River bank, build a high-class tourist service area (no accommodation), in harmony with the surrounding area, creating highlight on the southern bank of the Perfume River.

Land use term: 10 years from the date of the Decision recognizing the winning auction results of the People's Committee of Thua Thien-Hue province.

The form of land use is that the State leases land with annual payment to implement investment projects through auction of land use rights.

Starting price for auction of land use rights: 823.985.000 VND/year (excluding other taxes and fees as prescribed).

Le Kong





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