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35 lots of land won the auction with a rate exceeding the starting price by more than 22%

Việt NamViệt Nam16/03/2024

This morning, March 16, the Provincial Land Fund Development Center coordinated with the Central Joint Stock Auction Company to organize an auction of land use rights (LUR) for 36 land lots in Dong Ha City.

35 lots of land won the auction with a rate exceeding the starting price by more than 22%

The Organizing Committee and customer representatives conduct procedures to check and seal the ballot boxes before announcing them - Photo: TT

This time, the auction of land use rights has 36 plots managed by the Provincial Land Fund Development Center. Of which, 13 plots are located on the East side of Thanh Co Street, Ward 3, Dong Ha City, the remaining 23 plots are located in the K12 area, Nam Dong Ha Urban Area Phase 3. Of which, 17 plots have starting prices from 1-2 billion VND, 5 plots have prices from 2-3.5 billion VND and the remaining 14 plots have starting prices in the segment under 1 billion VND.

According to the Organizing Committee, this auction attracted many individuals and investors to participate. There were 502 applications participating in the auction for the 36 plots of land mentioned above.

As a result, 36 lots were successfully auctioned with a total amount of nearly 52.2 billion VND, exceeding the starting price by 9.4 billion VND. The rate of exceeding the starting price was more than 22%.

Deputy Director of the Provincial Land Fund Development Center Phan Dang Hai said: “This land use rights auction attracted a lot of people interested in and registering to participate. The number of land lots winning the auction reached a high rate, including some lots exceeding 70% - 80% of the starting price. This is a positive signal showing that the real estate market in the province is starting to warm up.”

The auction took place safely, orderly, publicly and transparently according to the law.

Thanh Truc


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