The auction of 25 land lots in Man Ca, Man Cong, Ma Man Trong area (Van Quan village, Do Dong commune) will take place at Thanh Oai district gymnasium.
25 plots of land with symbols from 93-117, the smallest area is nearly 84 m2 and the largest is over 143 m2. The starting price of these plots is from 5.3 million VND/m2, equivalent to a deposit of 88 - 151 million VND/plot. This price is 38% lower than the starting price of the auction on August 10, which was 8.6 million VND/m2.
The auction will have to go through at least 6 mandatory rounds, with a price step of 5 million VND per square meter. Thus, participants must spend at least 30.3 million VND/square meter to win the auction in this session.
According to research, land in Do Dong commune (where the auction is being prepared) is currently being offered for sale at around 25 - 52 million VND/m2. This price has increased by more than 63% within 1 year. During the first and second quarters, land in this area was offered for sale at around 15 - 40 million VND/m2.
The Thanh Oai land auction in August became a hot spot in the land auction market in the suburbs of Hanoi. (Illustration photo).
Recently, Thanh Oai has been one of the districts on the outskirts of Hanoi that is "hot" in terms of land auctions. In early August, the district organized an auction of 68 land lots, attracting about 1,500 participants with over 4,000 applications. The winning price for these lots was about 63 - 80 million VND per square meter, with the highest lot even reaching 100 million VND/m2. This price is 5-6 times higher than the starting price.
However, about 80% of the auction winners here have abandoned their deposits. Of these, all the plots with winning prices ranging from 80 million VND to over 100 million VND/m2 have not paid.
Most recently, on November 11, the auction of 32 land lots in Hoai Duc district, Hanoi also took place with the highest winning price being 109.3 million VND/m2, equivalent to more than 16.1 billion VND/lot. The lowest lot had a price of 79.3 million VND/m2, 10.8 times higher than the starting price.
On November 4, the auction of 20 Hoai Duc land lots ended with 12 rounds. Accordingly, the two corner lots had the highest winning price of 103 million VND/m2, equivalent to 15 billion VND/lot, more than 14 times higher than the starting price.
According to Lac Viet Joint Stock Auction Company, the land lot with the lowest winning price in this auction was over 85.3 million VND/m2, also 11.6 times higher than the starting price. Investors said that the results of this auction were mostly lower than the one on August 19, but compared to the general level, the price was still much higher.
Previously, on August 19, in Hoai Duc district, an auction of 19 residential land lots in LK04 area, Long Khuc village, Tien Yen commune also took place. The auction took place from 8:00 a.m., through the night, and until 4:30 a.m. on August 20 - after 18 hours, the final result was announced when all the land lots were successfully auctioned. As a result, the highest lot won with a price of 133.3 million VND/m2, more than 18 times higher than the starting price. This land lot has the symbol LK03-12, located at a corner with 2 open sides, with an area of over 113m2.
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