Soc Son is about to re-auction 36 plots of land that were 'bombed' because of the trick of paying 30 billion VND/m2

Thanh Xuan Joint Stock Auction Company has just announced the auction of assets of the Soc Son District Land Fund Development Center.

Specifically, the auction of land use rights for 36 lots in Dong Lai village, Quang Tien commune, Soc Son district. These are residential lots with stable and long-term use, with an area of 90 - 220.6 m2; starting price is over 2.4 million VND/m2.

The auction is conducted by direct voting for each plot of land, using the ascending price method. The price step of the next rounds is applied to all 36 plots at 3 million VND/m2.

Auction participants must pay a deposit of 20% of the starting price, equivalent to over 44 million VND to over 109 million VND, depending on the lot.

Time for selling and receiving auction registration documents until 5:00 p.m. on December 25. Time for depositing deposit from December 25 to 4:00 p.m. on December 26 to the bank account of Thanh Xuan Joint Stock Auction Company.

Auction land in Soc Son.

Previously, on November 29, Soc Son district organized an auction of 58 land lots in Dong Lai village, Quang Tien commune. The auction caused a stir in public opinion when 3 land lots were bid up to over 30 billion VND/m2.

However, in fact, by the 6th round of bidding in this auction, the organizers identified a group of customers with "sabotage" behavior. They had bid very high in the previous rounds, then in the 6th round, they bid 0 VND and stopped participating in the auction.

By December 3, Hanoi police had begun investigating and detained 5 people related to the case. According to their statements, before the auction, these people determined that the price was only about 30 million VND/m2, which could be sold at a difference, so in order to control the auction results, the subjects agreed on the price through 6 mandatory rounds.

Specifically, if in round 4, the price paid by investors is higher than 30 million VND, then in round 5, they will offer a sudden high price to win overwhelmingly. In round 6, they will agree to stop participating. The purpose is to prevent the land lot from being successfully auctioned.

With this trick, 36/58 plots of land were colluded, high prices were paid, then the bidders stopped participating in the auction. In particular, there was someone who paid up to 30 billion VND/m2.

Chau Anh

Source: https://vtcnews.vn/soc-son-sap-dau-gia-lai-36-lo-dat-bi-bo-bom-vi-chieu-tro-tra-30-ty-dong-m2-ar911866.html