Nghe An land auction market is showing signs of warming up

Specifically, at the land fund exploitation auction area in Xuan Hoa hamlet, Nghi Duc commune (Vinh city), on November 7, the Property Auction Service Center auctioned 33 land lots, sold over 60 records and sold 25 lots through auction.

The revenue from land auctions was 12.74 billion VND higher than the plan of 65 billion VND and increased by 11.9% compared to the starting price. The lowest land lot was 2.2 billion VND, the highest lot was 4.46 billion VND, the average price was 21 million VND/ ^m2 .

Infrastructure The land fund auction area in Xuan Hoa hamlet, Nghi Duc commune (Vinh city) has just been successfully auctioned when 25/33 lots were sold. Photo: Nguyen Hai

Similarly, in Dien Chau district, the Provincial Property Auction Service Center put 43 lots at the Sea Tourist Area in Hamlet 3, Dien Hai commune up for auction on December 3, and sold 430 dossiers. As a result, 43/43 lots were successfully auctioned with a total value of 48.148 billion VND, an increase of 16.99 billion VND compared to the plan, equivalent to an increase of 54.54% compared to the starting price; the average price for the lowest lot increased by 200 million VND and the highest lot increased by nearly 500 million VND/lot compared to the starting price.

People come to submit documents to buy land at auction in Dien Chau. Photo: Nguyen Hai

Previously, on the afternoon of December 2, in Dien Cat commune (Dien Chau), the Center auctioned 44 lots in Dien Cat and Dien Loi communes. As a result, 153 people bought the documents and participated in the auction, including 125 auction documents for 39 lots in Dien Cat commune and 31 auction documents for 5 lots in Dien Loi commune. As a result, 32/44 lots were sold with a total value of 36.25 billion VND, an increase of 5 billion VND compared to the plan.

The monitoring team and people participated in the land auction on December 3, 2023 in Dien Hai commune, Dien Chau district. Photo: Nguyen Hai

Mr. Nguyen Ngoc Minh - Director of the Provincial Property Auction Service Center said: Since the beginning of November, there have been more positive signs, with high auction rates, increasing by 10-20% compared to the starting price and no cases of deposit cancellation.

Specifically, in Vinh City, although transactions are quiet, in planning and construction areas, if the starting price is reasonable, there will be buyers. Meanwhile, in Dien Chau and Nam Dan districts, the areas recently put up for auction, the number of people buying documents and participating in the auction also increased. This is a positive signal compared to the beginning of the year, some auction areas and areas, despite multiple announcements, could not sell documents and had no bidders.

Mr. Nguyen Ngoc Minh - Director of the Property Auction Service Center (Department of Justice) presided over the announcement of the auction results. Photo: Nguyen Hai

Sharing information on the sidelines of the auction with reporters, Mr. Phan Xuan Vinh - Vice Chairman of Dien Chau District People's Committee said: Through the two recent land auctions in Dien Cat and Dien Hai communes, it shows that the land auction market in the district is showing signs of warming up. In the near future, the district will put nearly 200 land lots in Dien Hung and Dien Xuan communes... up for auction and hopes that the upcoming auctions will be smooth and maintain this attraction.

An investor from Nghi Phu commune, Vinh city, who participated in the auction in Dien Hai commune also shared: Currently, investors are quite professional, closely following market developments, so only areas put up for sale with starting prices adjusted down compared to the peak nearly 2 years ago can attract investors to buy documents and participate in the auction./.

Source: https://baonghean.vn/thi-truong-dau-gia-dat-nghe-an-dang-co-tin-hieu-am-len-post281027.html