Hanoi land auction starts at more than 13 million/m2, pre-order 10 billion for a document
Hanoi is about to auction 26 land plots in residential area for sale Quang Minh – Vinaconex 2, Quang Minh town, Me Linh district with the starting price of the first round of more than 13.4 million VND/m2, requires participants to deposit 10 billion VND/document.
Auction will be held on 11/15 here. The unit with the auctioned asset is the Hanoi Land Fund Development Center. The auction organizer is the Hanoi Property Auction Service Center.
The auctioned asset is the land use right (for the implementation of investment projects) to build low-rise houses for sale for 26 land plots in the residential area for sale Quang Minh – Vinaconex 2, Quang Minh town, Me district Sacred.
26 land plots in residential area for sale Quang Minh – Vinaconex 2, Quang Minh town, Me Linh district are about to be auctioned with the starting price of the first round of more than 13.4 million VND/m2 (Photo: Labor)
26 land plots with a total area of 5,610.8m2, including: 20 plots of adjacent villas with a total area of 3,620 m2; 6 plots of garden villas with a total area of 1,990.8m2 with a 3-storey building.
The starting price for round 1 is more than 13.4 million VND per square meter, from round 2 onwards is equal to the highest valid bid in the adjacent previous round. The total value of land use rights (LURC) calculated at the starting price of the first round is more than 75 billion VND.
Auction participants must pre-order 10 billion VND per file.
The person registered to participate in the auction is an economic organization (investor) that is allocated land to execute an investment project to build houses for sale. Investors participating in the auction have their own capital to implement the project not less than 20% of the total investment of the project, equivalent to nearly 14.5 billion VND.
The auction is carried out in the form of an auction by direct voting at the multi-round auction. Bid voting is conducted through 3 mandatory rounds and one or more subsequent auction rounds until there are no more bidders, the last investor with the highest bid is the winning investor. Auction.
The series of adjacent land lots has been canceled
Also in Me Linh district, Me Linh District Land Fund Development Center has just announced the selection of an asset auction unit to conduct auction of land use rights for 8 adjacent land lots that have canceled the winning results. price at point X2, Dong Boi, Dong Ben, Van Loi village (Tam Dong commune).
These 8 land lots have an area of 93.5-165.6m2 with starting prices from 12-16.1 million VND/m2.
Me Linh district re-auctioned many land lots and canceled the winning results
In addition, Me Linh district will also hold an auction of LURCs for 6 adjacent land lots that have canceled the winning results at point X3, Van Loi village (Tam Dong commune). These 6 land lots have an area of 87.8 – 121.8m2, with a starting price of 9-10 million VND/m2.
According to the representative of the Land Fund Development Center of Me Linh district, the re-auction of a series of adjacent land lots canceled the winning result at an auction project in the area because the previous auction winner dropped the deposit. .
It is known that in the district there are 3 auction projects with many cases of winning the auction of LURC but dropping the deposit. Specifically, at the auction project of Ngu Tien village (Thanh Lam commune) there are 10 plots of land with no stakes; the project at point X2, Van Loi village (Tam Dong commune) has 5 plots of land with piles removed; the project at point X3 (Tam Dong commune) also has a case of depositing; Auction point in Phu My village (Tu Lap commune) has 7 cases of depositing…. In addition, there are a number of cases where the district is verifying the deposit payment time after having the winning auction result.
The auction is done in accordance with the process and regulations. However, after winning the auction results, there were cases of speculation that dropped the deposit. Because when participating in the auction, speculators pay a very high price, 2-3 times higher than the starting price, but when the deposit is due for the winning plot of land, many cases drop the deposit for many different reasons. The expected amount investors put down the deposit is up to about 60 billion dong.
Records from the past time show that, after a period of “land fever” to cool down the real estate market in some localities, it was not as expected, many investors “hugging land” at auction lost their breath, had to Had to drop the deposit, cancel the transaction, leading to the government having to cancel the auction result also happened in many localities such as Thanh Hoa, Bac Giang, Hanoi…