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Land in Hanoi's inner city district is about to be auctioned, starting price from 86 million VND/m2

VTC NewsVTC News09/12/2024


The Hoang Mai District Land Fund Development Center ( Hanoi ) will organize an auction of land use rights to implement a low-rise housing construction investment project at the land plot marked TT4 in the Nam Ho Linh Dam Urban Area, Hoang Liet Ward, Hoang Mai District.

According to the design, the auctioned land has a total area of 43,944m2, of which 20,061m2 is residential land (construction density 49.7%, equivalent to about 262 plots of land). The remaining 20,759m2 is used for traffic land and 3,123m2 for green space.

The starting price of the first round is over 86 million VND/m2 (the highest starting price compared to recent land auctions in Hanoi), step price is 500,000 VND/m2, the registration fee is 4 million VND, the deposit is over 345 billion VND. The form and method of the auction is direct voting in many rounds at the auction.

Time and place for selling and receiving documents from 8:00 a.m. on December 6 to 5:00 p.m. on December 20 at the One-Stop Department - Hoang Mai District People's Committee and the headquarters of Lac Viet Joint Stock Auction Company.

Land to be auctioned. (Photo: Tien Phong).

Land to be auctioned. (Photo: Tien Phong).

The auction is scheduled to be held at 2:30 p.m. on December 23 at the Hoang Mai District Political Center Hall.

With a starting price of 86 million VND/m2, the land auction in Hoang Mai district is holding the highest starting price compared to recent land auctions in Hanoi.

Also in December, Hanoi districts will auction more than 300 plots of land in My Duc, Me Linh, Thanh Oai, Hoai Duc, and Son Tay districts. The plots of land all have low starting prices, from only 1.1 million VND/m2.

Recently, the Hanoi People's Committee has sent an official dispatch to departments, branches, districts and towns to direct solutions related to the land auction situation.

Accordingly, the Hanoi People's Committee requested localities to evaluate the effectiveness of land allocation and lease through auctions, especially avoiding auctions in areas with low starting prices that are not enough to cover the costs of site clearance and infrastructure investment. These lands can be converted to serve resettlement or public works, contributing to supporting projects in the area.

Localities are also responsible for properly implementing regulations, reviewing and rectifying auction work according to previous instructions of the Government and the city. Districts, towns and cities need to proactively propose specific solutions to organize auctions strictly, publicly and transparently, ensuring high economic efficiency.

Chau Anh


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