Agribank Trang An Branch is selling two villas in the Nam Thang Long urban area project (Ciputra), Xuan Dinh ward, Bac Tu Liem district, Hanoi as collateral. Both properties are owned by Mr. Chu Van An (born in 1975).

The first collateral is villa number 29, lot Q-M3. The villa has 4 floors and 1 basement, total construction area is 607m2; land area is 400m2. The project was completed in 2014, by 2020 the project was repaired, renovated and is in normal use.

This is the collateral for the loan of Thanh An Trading Company Limited (operating in the pharmaceutical sector, Mr. Chu Van An is the legal representative) and Dung Phat Trading and Construction Company Limited (operating in the construction sector, Ms. Nguyen Thi Dung is the legal representative).

The starting price of this villa is up to 204.447 billion VND, excluding VAT. Auction participants are required to deposit 20.444 billion VND.

The second auctioned property is villa number 08, row T6. This villa is less impressive, with a land area of ​​230m2. The villa was built on an area of ​​116.5m2, with a total floor area of ​​316m2.

This is the collateral for the loan of Minh Ngoc International Import Export Trading Investment Company Limited (operating in the construction sector, Mr. Nguyen Van Doan is the legal representative).

The starting price for the auction of this asset is VND92,534 billion (excluding VAT). Auction participants must deposit VND9,253 billion.

The total starting price of the two assets above has reached approximately 300 billion VND.

With a scale of 301 hectares, Ciputra Hanoi urban area is invested by Nam Thang Long Urban Area Development Company Limited, a joint venture between Urban Infrastructure Development and Investment Corporation (Vietnam) and Ciputra Group (Indonesia).