Side stories of the Ha Dong land auction postponement

Hanoi: Side stories of the postponement of the Ha Dong land auction

Investors believe that if this auction is held as planned, the milestone of winning a bid of over 100 million VND/m2 can be repeated.

Temporarily suspend auction of 27 land lots, starting price from 22 million VND/m2

National Auction Joint Stock Company No. 5 said it will temporarily suspend the auction of land use rights for 27 plots of land in Phu Luong, Yen Nghia and Duong Noi wards (Ha Dong district, Hanoi).

Map of the auctioned land in Sau Chua (Yen Nghia ward). Photo: Provided by the investor

Specifically, these are land plots located in Ha Khau copper area, Dong Danh - Dong Coc area, Dong Bo - Dong Chuc - Cua Cau - Dong Men area (Phu Luong ward); Sau Chua area (Yen Nghia ward) and Duoc area (Duong Noi ward).

The company said that the auction suspension was made at the request of the Ha Dong District Construction Investment Project Management Board. The auction will be reorganized immediately after the company receives the decision from the authorities.

Previously, Joint Stock Auction Company No. 5 - National had coordinated with the Management Board of Investment and Construction Projects of Ha Dong District to organize the auction of 27 land plots in 3 wards, including Phu Luong, Yen Nghia and Duong Noi. The auctioned land plots have an area of ​​48 - 72 m2, starting price from 22 - 32 million VND/m2, deposit from 221 - 436 million VND/plot.

The auction was originally scheduled to take place on September 7, 2024. However, this date has been canceled. The organizers have not yet announced a date for the re-auction.

2 years ago, auctioned land in Ha Dong was nearly 80 million VND/m2

The land auction in Long Khuc area, Tien Yen commune, Hoai Duc district has made the public "dizzy" with 9 auction rounds lasting more than 19 hours. However, at the auction of 27 land plots in Ha Dong, the organization time may be longer. Because the land plot in Duong Noi ward alone will have to go through at least 7 auction rounds. Even the Dong Danh - Dong Coc area in Phu Luong ward has to auction at least 11 rounds.

According to Dau Tu Newspaper, investors have a more "favorable" view of the real estate market in Ha Dong district when compared to Hoai Duc or Thanh Oai districts. The land price level and auctioned land in this locality is also higher than in the two suburban districts above. Therefore, the milestone of 100 million VND/m2 in the upcoming auction in Ha Dong is completely possible.

In addition, there is a "paradox" existing in the Ha Dong land auction that has just been postponed. That is, in 2022, the starting price of the land plots is set at a quite high level, ranging from 75 - 79 million VND/m2, 2 - 3 times higher than the current starting price. The corresponding deposit amount is therefore also very large, up to more than 1 billion VND.

For example, the same plot of land LK3-1 in Sau Chua area (Yen Nghia ward), in 2022, the starting price is up to 76 million VND/m2, the deposit is more than 1 billion VND. However, in the recent auction announcement, this plot of land only has a starting price of 30.2 million VND, the down payment is 436 million VND.

Infrastructure around the auctioned land area in Sau Chua (Yen Nghia ward). Photo: provided by the character

Not only that, in 2022, Sau Chua area organized an auction of 5 land lots. Up to now, this place still has 2 lots left, LK3-1 and LK2-2. Not only Sau Chua area, other areas in the land auction that was just postponed all own many land lots that have been "unsold" for at least the past 2 years.

A land auctioneer frankly shared with reporters that, because the local government at that time set the starting price at a high level, along with the real estate market still having many ups and downs, investors were not really enthusiastic about participating, causing a situation of "inventory" of auctioned land.

“This year, land auction organizers have lowered the starting price to a very low level to attract participants. However, this has also inadvertently created a huge difference between the starting price and the winning price, causing public confusion,” the anonymous person shared.

In addition, this person said that with the recent move to review land auctions by the authorities, the "land hunting" groups are quite apprehensive. This person revealed that in the near future, the number of investors who tend to "skip the deposit" will reduce their presence at land auctions, to listen to the situation.

“In the past week, some groups that won land auctions in Hoai Duc had to temporarily hide their posts on social media. These people are currently feeling very tired of the somewhat negative information about the auctioned land,” the character added.

Source: https://baodautu.vn/batdongsan/ha-noi-nhung-chuyen-ben-le-vu-tam-hoan-dau-gia-dat-ha-dong-d223391.html