Kinhtedothi - Discussing in groups, delegates of the Hanoi People's Council pointed out the current situation of land use rights auctions being manipulated and abandoned; at the same time, they requested to clarify the motives for land price inflation...
On the afternoon of December 9, continuing the 20th Session, delegates of the Hanoi People's Council discussed in groups about 4 groups of contents: results of implementing the socio-economic development tasks in 2024, the city's socio-economic development plan in 2025; local budget estimates and city-level budget allocation in 2025 (regular expenditure and investment expenditure); adjusting the financial plan and updating and adjusting the 5-year medium-term public investment plan 2021-2025; draft resolutions on implementing the Capital Law.
Land auction was manipulated and abandoned.
Discussing in groups, the City People's Council delegates raised the issue of manipulating land auctions, pushing up prices to sabotage the auction, such as in Soc Son district. The subjects raised the price to 30 billion VND/m2 and then abandoned it, affecting the auction results. Similarly, in Thanh Oai district, many people who participated in the land auction also abandoned it...
According to delegate Phung Tan Nhi (Ba Vi district group), recently there has been a situation where land auctions have seen a sudden increase in prices, but people do not pay or leave their deposits. In the case of low starting prices, auction participants make low deposits, which leads to auction participants willing to leave their deposits, affecting the auction results. Therefore, it is necessary to study the prices in the auction rounds; determine the starting price close to the market price, ensuring that investors really have the need to participate.
Commenting on the situation of land price inflation as an unusual issue, delegate Nguyen Minh Duc (Hoang Mai district group) said that the situation of price inflation and the situation of real estate projects not being cleared raises the issue that the city needs to have really drastic solutions to clear and promote the real estate market; if the real estate market develops, other markets will develop...
From the above reality, delegates recommended that the motives for land price inflation need to be clarified. At the same time, the City Police must investigate and eliminate the situation of price inflation and price gouging that leads to failed auctions, greatly affecting the socio-economic situation.
Soon issue new land price list according to Land Law
According to delegate Pham Thi Thanh Mai (Nam Tu Liem District), through reports from localities, Hanoi has a lot of experience in building land price tables. Hanoi has adjusted the land price table according to the 2013 Land Law and continuously adjusted the coefficient k to have the most suitable price. One of the requirements is that the land price table must be implemented carefully, ensuring that it attracts both foreign and domestic investment enterprises and ensures the State's right to set prices.
According to the delegate, through contact with voters, voters expect that when the city builds a land price database, there will be full State management tools and public information for people to know.
Delegate Hoang Anh Tuan (Me Linh district group) said that many districts have not achieved revenue from land recently, due to changes in some contents of the 2024 Land Law compared to before, along with that, recently organizing land auctions has encountered difficulties. From this content, the delegate suggested that Hanoi City soon issue a new land price list according to the 2024 Land Law to serve land bidding and auction.
Regarding land auctions, Vice Chairman of the City People's Committee Duong Duc Tuan (a delegate from Hai Ba Trung District) said that after the 2024 Land Law comes into effect, in line with the Housing Law and the Real Estate Business Law, we face a limitation of not determining the land price list value that the 2024 Land Law requires. Because there is no land price list, it affects the determination of land prices for site clearance work. Therefore, site clearance work is currently "blocked", such as in the Ring Road 4 project - Capital Region.
“In addition, the determination of specific land prices for the current auction floor price is very low, leading to many failed land auctions such as in Thanh Oai and Soc Son districts... Therefore, the target of land use rights auctions in many localities is likely to not be completed” - Vice Chairman of the City People's Committee Duong Duc Tuan shared.
Source: https://kinhtedothi.vn/dai-bieu-hdnd-tp-ha-noi-lam-ro-dong-co-thoi-gia-trong-dau-gia-dat.html
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