Hanoi opens "land market" session in Me Linh district

The Me Linh District Land Fund Development Center has just announced the issuance, sale and receipt of auction documents for land use rights for 80 plots of land in Chu Tran village, Tien Thinh commune.

The plots of land put up for auction range in area from 83.7m2 to 297.1m2, with starting prices from VND23.2 million/m2 to VND31.9 million/m2. The deposit to participate in the auction ranges from VND417.6 million to VND945.5 million.

The auction will be held at 2:30 p.m. on December 30 at the hall of the Cultural - Information and Sports Center of Me Linh district. The auction will be conducted by direct secret ballot in one round (one time). The auction method is ascending price.

Hà Nội mở phiên chợ đất ở huyện Mê Linh - 1 — Customers vote for land lots in Bach Da village, Kim Hoa commune, Me Linh district in early December (Photo: Ngoc Tuan).

Recently, Me Linh district organized a simultaneous auction of many beautiful land plots with synchronous and modern infrastructure, aiming to create a source of budget revenue to invest in infrastructure construction and socio-economic development.

Earlier this month, two auctions of land use rights for 33 plots of land at point X2, Kim Hoa commune were successfully auctioned, bringing in nearly 100 billion VND to the budget.

Specifically, for 5 plots of land (phase 2) at point X2, residential group 4, Quang Minh town, after more than an hour of auction, all 5 plots were successfully auctioned. The total winning bid was more than 13 billion VND.

For 28 plots of land in Bach Da village, Kim Hoa commune with areas ranging from 79.53m2 - 187.56m2, the starting price was from 24.7 million VND/m2 to 32.8 million VND/m2. As a result, all 28 plots of land were successfully auctioned with winning prices ranging from 24.9 million VND to 35.2 million VND/m2, a difference of more than 3.1 billion VND compared to the starting price, bringing in more than 84 billion VND to the budget.

It is known that in 2021 and 2022, Me Linh district has organized auctions of 20 projects with an area of over 36,000m2, collecting nearly 1,200 billion VND for the budget. In the coming time, Me Linh district plans to organize 7 projects with an auctioned land area of 4.8ha (equivalent to 462 land plots). In 2025, 14 projects will be implemented with a total area of 11ha, planning about 1,000 land plots.

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