Auctioned until 4am, Hoai Duc land "closed" at 133 million VND/m2

With a price of up to 133 million VND/m2, the auction in Long Khuc area, Hoai Duc district (Hanoi) has "dethroned" Ngo Ba area, Thanh Oai district, to become the new focus of attention of land investors.

4:30 a.m. on August 20 was the end of the auction of 19 land lots in LK03 and LK04 areas of Long Khuc village, Tien Yen commune. According to the announced information, after 9 rounds of bidding, land lot LK03-12 recorded the highest winning price among 19 lots, up to 133.3 million VND/m2, more than 18 times higher than the starting price. With an area of 113m2, the total value of the above land lot is 15 billion VND.

The two lots with the highest winning prices are LK03-06 and LK-4-06. These lots all have prices of 127.3 million VND/m2. The common point of all three lots with the highest winning prices is that they are all located at the corner, with two frontages.

The winning price of 14 other plots of land ranged from 97.3 to 121.3 million VND/m2. Even the plot with the lowest winning price was up to 91.3 million VND/m2, 12.5 times higher than the starting price.

Before the auction took place, Dau Tu Newspaper published an article predicting the winning price milestone of 100 million VND/m2. According to insiders, the auction in Hoai Duc will not have difficulty breaking the previous winning price record in Ngo Ba area, Thanh Cao commune (Thanh Oai, Hanoi).

The above assessment comes from the fact that Long Khuc area in Hoai Duc has a beautiful location and is more popular than the auctioned land in Thanh Oai district. In addition, the deposit at the auction is also quite low, just under 200 million VND for each plot.

In addition, the land auction in Hoai Duc district also had a minimum of 6 rounds of bidding. Meanwhile, in Thanh Oai, the auction only took place in one round. This will create the premise for the price to be continuously pushed up.

Currently, Long Khuc area in Hoai Duc still has 20 plots of land waiting to be auctioned on August 26, belonging to lots LK01 and LK02. The starting price is still 7.3 million VND/m2, similar to the lots that have just been auctioned.

The area of the plots ranges from 89 - 145 m2. The deposit will be from 130 - 212 million VND/plot. The deadline for submitting auction documents is August 23.

Source: https://baodautu.vn/batdongsan/dau-gia-toi-4-gio-sang-dat-hoai-duc-chot-o-muc-133-trieu-dongm2-d222814.html