Land auction in Thanh Oai district: Highest price over 75 million VND/m2

This morning (November 23), Thanh Oai district ( Hanoi ) organized an auction of 23 land lots in Man Ca, Man Cong, Ma Man Trong areas, Van Quan village, Do Dong commune.

The lots to be auctioned range in size from 93.31m2 to 171.09m2. The starting price for these lots is 5.3 million VND/m2, equivalent to a deposit of 98-181 million VND/lot. The locations of the 23 lots to be auctioned this time are adjacent to the 25 lots auctioned in the first round on November 16.

The auction goes through at least 6 mandatory rounds, with a price step of 5 million VND/m2. Thus, participants must spend at least 30.3 million VND/m2 to win the auction in this session.

A representative of the Thanh Oai District Land Fund Development Center confirmed that the auction attracted 97 customers with 413 applications. The auction ended at 5 p.m. after 11 rounds. However, out of a total of 23 plots, only 10 were successfully auctioned, the remaining 13 plots were disqualified due to violations of auction regulations.

The plot of land with the highest auction price was 75.3 million VND/m2, more than 14 times the starting price. This plot of land has an area of ​​114.7m2, equivalent to a total value of more than 8.6 billion VND. The lowest plot of land had a price of 55.3 million VND/m2, 10 times the starting price.

Previously, on November 16, Thanh Oai district also organized an auction of 25 land plots in Man Ca, Man Cong, Ma Man Trong areas, Van Quan village, Do Dong commune (phase 1).

These plots have an area of ​​83-157m2, starting price of 5.3 million VND/m2. As a result, the highest winning price was 90.3 million VND/m2, belonging to two plots of land in the corner position. These plots are about 114 m2 and 129 m2 wide, meaning the total price of the plots is nearly 10.3 billion and 11.7 billion respectively, more than 17 times the starting price. The lowest winning price was 45.3 million VND/m2, belonging to a plot of land also in the corner position, 157 m2 wide, or more than 7.1 billion, 8.5 times the starting price.