Close-up of auctioned land with 'million dollar view' worth nearly 900 billion VND

TPO – The land along the Han River, where the old Da Nang Customs Department used to be located, has a starting price of nearly 900 billion VND. This land is located on the most expensive street in Da Nang according to the recently announced price list.

01/15/2025 | 06:48

Da Nang:

TPO – The land along the Han River, where the old Da Nang Customs Department used to be located, has a starting price of nearly 900 billion VND. This land is located on the most expensive street in Da Nang according to the recently announced price list.

The "golden" land along the Han River has a starting price of nearly 900 billion VND. Video: Nguyen Thanh

Close-up of the auctioned land with 'million dollar view' worth nearly 900 billion VND photo 1

The People's Committee of Da Nang City has just announced the results of the selection of an organization to auction assets on land, transfer land use rights for the real estate at 250-252-254 Bach Dang (Phuoc Ninh Ward, Hai Chau District). Accordingly, Quang Nam Finance and Price Joint Stock Auction Company is the unit selected to organize the auction of this "golden" land along the Han River.

Close-up of the auctioned land with 'million dollar view' worth nearly 900 billion VND photo 2

Previously, the Department of Finance of Da Nang announced the selection of an organization to auction the assets according to the decision of the People's Committee of Da Nang City. This is the land where the old Da Nang City Customs Department building is located, facing the Han River.

Close-up of the auctioned land with 'million dollar view' worth nearly 900 billion VND photo 3

The starting price of assets on land and land use rights transfer is over 889 billion VND. Of which, the value of land use rights alone is over 879 billion VND and the value of assets on land is nearly 10 billion VND.

Close-up of the auctioned land with 'million dollar view' worth nearly 900 billion VND photo 4

According to records, since the headquarters of the Da Nang City Customs Department moved to a new headquarters on Xo Viet Nghe Tinh Street, this building was handed over to Da Nang City. From 2017 until now, the land and the 4-storey building here have been left empty and quiet.

Close-up of the auctioned land with 'million dollar view' worth nearly 900 billion VND photo 5

The land is located in a prime location, the busiest commercial area in Da Nang, with a "million dollar view" located between the Han River swing bridge and Dragon Bridge, overlooking the Han River.

Close-up of the auctioned land with 'million dollar view' worth nearly 900 billion VND photo 6

According to the adjusted land price list for the period 2020-2024, which has just been announced by the People's Committee of Da Nang City and applied from January 1, 2025, the land plot at 250-254 Bach Dang is located on the road section with the highest price in Da Nang. Specifically, more than 1km from Le Duan Street to Nguyen Van Linh Street (the area from the Han River Swing Bridge to Dragon Bridge) the land price is 286 million VND/m2.