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| Latest real estate: House on Cau Giay street, Hanoi. (Source: Dan Tri) |
Hanoi townhouses are being advertised for sale
The real estate market is still sluggish at present, and the situation of difficult sales is still happening. However, in Hanoi, the segment of street-front houses with prices up to billions of VND per square meter is still being advertised for sale.
According to a survey, on Cau Giay Street, the current price of townhouses ranges from 550-750 million VND/m2. For example, a house with an area of 60m2 is being sold for 38 billion VND, equivalent to 633 million VND/m2.
Located on the same radial road, many houses on Xuan Thuy street are being offered for sale at prices ranging from 400-450 million VND/m2. For example, a house with an area of 60m2 is being offered for sale at 25 billion VND, equivalent to more than 415 million VND/m2.
On streets such as Xa Dan and O Cho Dua in Dong Da district, many houses are being offered for sale at prices ranging from 700 to 850 million VND/m2. A house with an area of 154m2 in Xa Dan is being offered for sale at a price of 125 billion VND, equivalent to nearly 812 million VND/m2. According to the seller, this is a house with a rare location on Xa Dan street, suitable for office, business...
Notably, in the old streets of Hoan Kiem district such as: Hang Bac, Hang Gai, Hang Bong, Dinh Liet... the selling price is fluctuating from 600 - 800 million VND/m2. This is considered a "friendly" price for buyers in the context of the stagnant real estate market.
For example, a house on Hang Bong Street with an area of 74 square meters is being offered for sale at VND53 billion, equivalent to nearly VND720 million/square meter. According to the seller, this price has decreased slightly compared to a year ago.
The owner is selling the house because he needs money to invest in other areas. Currently, the house is being rented for nearly 200 million VND/month, with a lease contract until 2025.
On Hang Bac Street, many houses are being offered for sale at prices ranging from 750 to 850 million VND/m2. For example, a 140m2 house on this street is being offered for sale at a price of 110 billion VND, equivalent to nearly 786 million VND/m2.
On Hang Bai Street, townhouses cost from 800 million VND to 1 billion VND/m2, and if they are located on two street fronts, they will cost around 1.2 - 1.4 billion VND/m2. For example, a house on Hang Bai Street with an area of 45m2 is being sold for 50 billion VND, equivalent to more than 1.1 billion VND/m2.
Townhouses in Ta Hien, Luong Ngoc Quyen, Ma May... are being offered for sale at prices ranging from 900 million VND to 1 billion VND/m2. For example, a house introduced as the most beautiful on Ta Hien Street has an area of 60m2, currently built with 4 floors and is being offered for sale at a price of 63 billion VND, equivalent to more than 1 billion VND/m2.
In addition, there are also a number of hotels being offered for sale in this area at prices ranging from 1.4 to 1.7 billion VND/m2. For example, a 9-storey hotel with a floor area of 300m2 is being offered for sale at a price of 450 billion VND, equivalent to 1.5 billion VND/m2.
On Trang Thi Street, the price of this townhouse is being advertised from 900 million to 1.2 billion VND/m2, even houses with a view of Hoan Kiem Lake are priced up to nearly 1.9 billion VND/m2. Specifically, a house with an area of 80m2 is being advertised for sale at a price of 150 billion VND, equivalent to 1.88 billion VND/m2. The seller introduced that the house is located in the "golden land", the most prime location in Hoan Kiem District and has a view of Hoan Kiem Lake.
According to records, the number of townhouses for sale is increasing. However, the price has not decreased much compared to a year ago. Some houses have recently had high selling prices, which is actually just the expectation of the homeowner. In reality, the liquidity of the townhouse segment is quite poor.
Townhouses in Hanoi are priced at tens of billions of dong, even hundreds of billions of dong each, so most buyers will more or less use financial leverage.
However, interest rates are still high, so buyers do not choose to pay at this time.
In addition, there are many houses that have been on sale for a year but have not yet found a new owner. Therefore, if the owner wants to sell quickly, he needs to adjust the price.
In addition, in reality, many people buy townhouses for the purpose of investing in rentals. Currently, although rental prices have increased compared to before the pandemic, in the context of the difficult economic situation, many stores are not doing business and are also returning their premises. Therefore, short-term demand may be affected, but in the long term, it is still very potential.
Land lots in suburban districts of Hanoi to be auctioned soon, starting price up to 31 million VND/m2
Nearly 200 plots of land in some districts on the outskirts of Hanoi will be auctioned at the end of May and the beginning of June. The lowest starting price is 16 million VND/m2.
Lac Viet Joint Stock Auction Company is about to auction a series of land lots of the Land Fund Development Center of My Duc district (Hanoi).
On May 25, at the hall of the People's Committee of Dai Nghia town, the company will organize an auction of land use rights for 36 plots of land with the code LK4. The auctioned plots are located in Bai Vac area and Duong Ngang Tren area, Van Giang residential group, Dai Nghia town.
The land plots range in area from 82.5 to 179.2 m2, with starting prices from 16.5 to 16.8 million VND/m2. The auction is conducted by direct voting with an ascending price method.
On the morning of June 2, at the hall of Dai Nghia Town People's Committee, the organizing committee continued to auction the land use rights for 38 plots of land with the code LK5.
The plots of land are also located in Bai Vac area and Duong Ngang Tren area, Van Giang residential group, Dai Nghia town. The area ranges from 110-280 m2/plot, with starting prices from 16.5-21.5 million VND/m2.
Also at the above auction location, on the morning of June 9, Lac Viet Company will auction 55 plots of land in Cu plating area, Te Tieu residential group, Dai Nghia town.
Form and method of auction: Auction by direct voting in one round at the auction according to the ascending price method for land lots with areas from 93-250 m2.
Starting price from 20 million VND to 31 million VND/m2.
In Phuc Tho district , Vietnam Auction Joint Stock Company announced the auction of 22 land plots of Phuc Tho District Land Fund Development Center on the morning of May 29.
Accordingly, the auctioned land lots in Dong Cau Loc area, Ngoc Tao commune have an area of over 110-251.2 m2. The starting price is from 17-18.9 million VND/m2, ranging from over 1.8 billion VND to over 4.7 billion VND, depending on the lot.
The auction will take place at the hall of the Cultural-Information and Sports Center of Phuc Tho district in the form of direct secret ballot and ascending price method.
Also at this auction location, on the morning of May 25, an auction of 30 residential land plots took place at NO-2; NO-3 Man Rom area, cluster 8, Phung Thuong commune, Phuc Tho district.
Plots of land have an area of 75-100 m2/plot; starting price from 16-18.5 million VND/m2.
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| The land planned for the project in Hai Duong is currently fenced off. (Source: BXD) |
Hai Duong approves investment policy for 1,800 billion VND hotel and mixed-use apartment project
Recently, the People's Committee of Hai Duong province has decided to approve the investment policy of the hotel and mixed-use apartment project in the concentrated administrative area of Hai Duong province.
The project is implemented on a 17,045m2 land area, bordering Ton Duc Thang Street and Xu Dong Cultural Center to the North; Ham Nghi Street to the South; Thanh Nien Street to the East; Nguyen Duc Canh Street and Hai Duong Provincial Military Command to the West in Hai Duong city.
The project allocates 10,700m2 of land to build a mixed-use apartment complex; 5,272m2 to build a commercial service area and 1,073m2 to expand Nguyen Duc Canh Street.
The scale of the project includes a hotel building with a scale of 1 tower of 26 floors, 2 basements with the main function of accommodation services (about 300 hotel rooms), arranged with additional service and commercial functions such as restaurants, sports centers, etc.; a mixed-use apartment building with a scale of 2 towers of 25 floors, 2 basements with the main function of residential apartments (about 460 apartments) and arranged with additional commercial service functions, public offices such as kindergartens, community activities, healthcare, etc.
The total investment of the project is up to 1,800 billion VND.
Conditions for mortgaging red book to borrow money from bank
According to Article 167 of the 2013 Land Law on the right to convert, transfer, lease, sublease, inherit, donate, mortgage, and contribute capital to land use rights, households and individuals using land are entitled to mortgage land use rights to borrow capital from credit institutions licensed to operate in Vietnam. Thus, mortgaging land use rights to borrow capital from banks is one of the basic rights of land users.
However, for land leased with annual payment, land users are only allowed to mortgage their own assets attached to the leased land according to the provisions of Point d, Clause 2, Article 179 of the 2013 Land Law on Rights and obligations of households and individuals using land.
Land users are entitled to exercise the right to mortgage the land red book when meeting the conditions specified in Article 188 of the 2013 Land Law as follows: Having a Land Use Right Certificate, except in cases where the Land Law provides otherwise and in cases of inheritance as prescribed in the Land Law; The land is not in dispute; The land use right is not seized to ensure enforcement of judgment; Within the land use term.
Mortgages of land use rights must be registered at the land registration office and take effect from the time of registration in the land registry.
According to the provisions of Clause 1, Article 179 of the 2013 Land Law, households and individuals using land belonging to one of the following types of land are entitled to mortgage land use rights at banks: Agricultural land allocated by the State within the limit; Land allocated by the State with land use fees collected; Land leased with one-time land rent payment for the entire lease term; Land recognized by the State for land use rights; Land received by conversion, transfer, donation, or inheritance.
According to the provisions of the 2013 Land Law, land users are allowed to exercise the rights to convert, transfer, lease, sublease, inherit, donate, mortgage land use rights; contribute capital with land use rights when the following conditions are met: Having a Certificate (Except in the case of inheritance (Clause 1, Article 186 of the 2013 Land Law) and in the case where all inheritors of land use rights are foreigners or Vietnamese people residing abroad (Clause 3, Article 86 of the 2013 Land Law)); The land is not in dispute; The land use term is still valid; The land use rights are not seized to ensure enforcement of judgments.
Thus, if you want to mortgage the red book to borrow money from the bank, the mortgaged land must simultaneously satisfy all 4 conditions above. If only 1 of the 4 conditions above is missing, the land user will not be eligible to mortgage the red book.
In addition, the notarization fee for red book mortgage contracts is specifically regulated in Circular 257/2016/TT-BTC.
Pursuant to Clause 2, Article 4 of Circular 257/2016/TT-BTC, the notarization fee for a property mortgage contract is calculated based on the property value. If the property mortgage contract states the loan value, it will be calculated based on the loan value, specifically:
1. Under 50 million VND, the fee is 50,000 VND.
2. From 50-100 million VND, the collection level is 100,000 VND.
3. From over 100 million VND to 1 billion VND, the collection rate is 0.1% of the asset value or contract or transaction value.
4. From 1 to 3 billion VND, the collection rate is 1 million VND + 0.06% of the asset value or contract value, transaction exceeding 1 billion VND.
5. From over 3-5 billion VND, the collection rate is 2.2 million VND + 0.05% of the asset value or contract value, transaction exceeding 3 billion VND.
6. From over 5-10 billion VND, the collection rate is 3.2 million VND + 0.04% of the asset value or contract value, transaction exceeding 5 billion VND.
7. From over 10-100 billion VND, the collection rate is 5.2 million VND + 0.03% of the asset value or contract value, transaction exceeding 10 billion VND.
8 Over 100 billion VND, the collection rate is 32.2 million VND + 0.02% of the asset value or contract value, transaction exceeding 100 billion VND (maximum collection rate is 70 million VND/case).
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