clarifying the motives for "price inflation" in land auctions

Báo Đô thịBáo Đô thị09/12/2024

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.

Delegate Phung Tan Nhi (Ba Vi district group) said that recently there has been a situation where land auctions have seen prices suddenly increase, but people do not pay or leave deposits...
Delegate Phung Tan Nhi (Ba Vi district group) said that recently there has been a situation where land auctions have seen prices suddenly increase, but people do not pay or leave deposits...

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.

Discussion scene at the group
Discussion scene at the group

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.

Delegate Pham Thi Thanh Mai (Nam Tu Liem district group) discussed the group.
Delegate Pham Thi Thanh Mai (Nam Tu Liem district group) discussed the group.

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.

Hanoi People's Council Delegate: clarifying the motive for
Discussion scene in groups
Discussion scene in groups

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.

According to Vice Chairman of the City People's Committee Duong Duc Tuan (delegate of Hai Ba Trung district), due to the lack of a land price list, it affects the determination of land prices for site clearance work.
According to Vice Chairman of the City People's Committee Duong Duc Tuan (delegate of Hai Ba Trung district), due to the lack of land price list, it affects the determination of land price for site clearance work.

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

Comment (0)

No data
No data
On Tet holiday, releasing animals to sow compassion: How to release animals properly?

On Tet holiday, releasing animals to sow compassion: How to release animals properly?

Cùng chủ đề

Right after Lunar New Year, the province bordering Hanoi auctioned 305 land plots.

Right after Lunar New Year, the province bordering Hanoi auctioned 305 land plots.

Báo Quốc Tế
Báo Quốc Tế
28/01/2025
"Golden land" of hospital in Dak Lak sold for more than 568 billion VND

"Golden land" of hospital in Dak Lak sold for more than 568 billion VND

Báo Dân trí
Báo Dân trí
19/01/2025
Hanoi suburbs prepare to massively organize land auctions: Is it still 'hot'?

Hanoi suburbs prepare to massively organize land auctions: Is it still 'hot'?

Công Luận
Công Luận
17/01/2025
Details of a series of land plots in Hoai Duc and Thanh Oai districts that will be auctioned soon

Details of a series of land plots in Hoai Duc and Thanh Oai districts that will be auctioned soon

Báo Dân trí
Báo Dân trí
13/01/2025
Apartment prices continue to break the peak, the segment is dominating the market in Ho Chi Minh City, Hanoi finalizes the progress of rebuilding a series of old houses on 'golden land'

Apartment prices continue to break the peak, the segment is dominating the market in Ho Chi Minh City, Hanoi finalizes the progress of rebuilding a series of old houses on 'golden land'

Việt Nam
Việt Nam
11/01/2025
Standing Vice Chairman of the City People's Council visited and presented gifts to meritorious people in Ung Hoa district

Standing Vice Chairman of the City People's Council visited and presented gifts to meritorious people in Ung Hoa district

Báo Đô thị
Báo Đô thị
10/01/2025

Cùng chuyên mục

Accident on Can Tho bridge approach road, traffic jam continues

Accident on Can Tho bridge approach road, traffic jam continues

Báo Đô thị
Báo Đô thị
2 giờ trước
Prime Minister: Terminal T3 will be a bright - green - clean project

Prime Minister: Terminal T3 will be a bright - green - clean project

Báo Giao thông
Báo Giao thông
41 phút trước
Quang Tri province leaders go to the fields to give lucky money to farmers

Quang Tri province leaders go to the fields to give lucky money to farmers

Người Lao Động
Người Lao Động
3 giờ trước
Indispensable 'spiritual' food

Indispensable 'spiritual' food

Công Luận
Công Luận
3 giờ trước
Weather forecast for the 5th day of Tet: The North is about to welcome an increase in cold air

Weather forecast for the 5th day of Tet: The North is about to welcome an increase in cold air

VietNamNet
VietNamNet
3 giờ trước
Returning to Hanoi soon, people still cannot escape traffic jams

Returning to Hanoi soon, people still cannot escape traffic jams

Người Lao Động
Người Lao Động
một giờ trước

Cùng tác giả

Quang Ngai tourism earns about 65 billion VND on Lunar New Year occasion

Quang Ngai tourism earns about 65 billion VND on Lunar New Year occasion

Báo Đô thị
Báo Đô thị
2 giờ trước
Accident on Can Tho bridge approach road, traffic jam continues

Accident on Can Tho bridge approach road, traffic jam continues

Báo Đô thị
Báo Đô thị
2 giờ trước
Director Mai Thanh Tung

Director Mai Thanh Tung

Báo Đô thị
Báo Đô thị
6 giờ trước
Promote the spirit of self-control, self-confidence, self-reliance, and self-improvement

Promote the spirit of self-control, self-confidence, self-reliance, and self-improvement

Báo Đô thị
Báo Đô thị
9 giờ trước
Continue to innovate leadership methods, create a new era of development

Continue to innovate leadership methods, create a new era of development

Báo Đô thị
Báo Đô thị
9 giờ trước
Heritage - resources for developing cultural industry

Heritage - resources for developing cultural industry

Báo Đô thị
Báo Đô thị
10 giờ trước
Happy VietNam

Tác phẩm Ngày hè

Figure

9x teacher plays werewolf with students to design unique learning tools

9x teacher plays werewolf with students to design unique learning tools

Báo Dân trí
Báo Dân trí
10 giờ trước
'Village elder' in Bach Long Vi

'Village elder' in Bach Long Vi

Báo Thanh niên
Báo Thanh niên
10 giờ trước
The keeper of the soul of the beekeeping profession in U Minh

The keeper of the soul of the beekeeping profession in U Minh

Báo Thanh niên
Báo Thanh niên
10 giờ trước
Vietnamese female student '5 good' year of the Snake in Aries country

Vietnamese female student '5 good' year of the Snake in Aries country

Báo Tiền Phong
Báo Tiền Phong
10 giờ trước
Two beauties make Vietnamese medicine famous

Two beauties make Vietnamese medicine famous

Báo Tiền Phong
Báo Tiền Phong
31/01/2025
Belgian girl returns to Ho Chi Minh City to find her mother and makes a decision that shocks everyone: New Year's dream

Belgian girl returns to Ho Chi Minh City to find her mother and makes a decision that shocks everyone: New Year's dream

Báo Thanh niên
Báo Thanh niên
31/01/2025
Tet In Dreams: Smiles in the 'scrap village'
Tet In Dreams: Smiles in the 'scrap village'
Ho Chi Minh City from above
Ho Chi Minh City from above
Beautiful image of chrysanthemum field in harvest season
Beautiful image of chrysanthemum field in harvest season
Young people lined up from 6:30 a.m. and waited 7 hours to take photos at an ancient cafe.
Young people lined up from 6:30 a.m. and waited 7 hours to take photos at an ancient cafe.

No videos available