According to information from auction companies, on August 19, Hoai Duc district will auction 19 plots of land in Long Khuc area, Tien Yen commune. The area of ​​the plots ranges from 74-118 m2, the starting price is 7.3 million VND/m2.

Meanwhile, on August 29, Phuc Tho district will hold an auction of 30 plots of land in Doc Tranh area, Trach My Loc commune; and 9 plots in Dong Phuong area, Tho Loc commune. The auction is scheduled to be held at the hall of the Phuc Tho district Cultural Information and Sports Center.

In Doc Tranh area, the land areas range from 96-148 m2, starting price from 23.4 million VND/m2. In Dong Phuong area, the land areas range from 134 m2, starting price is 19.8 million VND/m2.

Similarly, in Soc Son, the district People's Committee has also issued a decision on the auction of the right to use 16 plots of land in Dam Ngai area, Xuan Lai village, Xuan Thu commune. The plots of land have an area of ​​110-220m2. The district's land fund development center is still in the process of determining the starting price and price steps. The auction is expected to take place in August 2024.

Recently, land auctions in suburban districts of Hanoi have attracted the attention of real estate investors. Many plots of land were successfully auctioned at very high prices, but soon after that, information about cutting losses appeared.

Previously, in the auction of 68 land lots in Ngo Ba area, Thanh Than village, Thanh Cao commune, Thanh Oai district, more than 4,500 land use rights auction dossiers were sold. There were more than 4,000 qualified dossiers with more than 1,500 customers.

According to information from the auction company, the starting price of these 68 plots of land is from 8.6 million to 12.5 million VND/m2. However, the auction results surprised everyone. Many plots of land had winning prices from 52-100 million VND/m2, 5-8 times higher than the starting price. The total amount of money collected from the auction for the budget was 404.6 billion VND, 349 billion VND higher than the starting price.

A few days after the auction, information about "cutting losses" on auctioned land in Thanh Cao commune, Thanh Oai district appeared. Accordingly, some people have lowered the selling price to around 100 - 200 million VND/lot, even selling at a loss compared to the winning price. For example, lot LK04-2 has an area of ​​nearly 61 square meters with a winning price of more than 4.24 billion VND (nearly 70 million VND/m2) but is now being offered for sale at 4.1 billion VND, a loss of 140 million VND compared to the winning price.