Do Luong collected 149 billion VND from land auction

(Baonghean.vn)- From the beginning of 2017 to now, in Do Luong area, 22/33 communes and towns have exploited land funds through auctions with a total of 335 successful auctions of land lots with a total auction winning amount and registration fees of more than 149 billion VND.

Do Luong Town is always the leading locality in Do Luong in terms of revenue from land use rights auctions. In the first 11 months of 2017, over 60 land lots were auctioned, worth over 60 billion VND.

The representative of the People's Committee of Do Luong town said: "The land fund exploited for auction is mainly located along National Highway 15A with synchronous infrastructure investment such as roads and drainage ditches, so it is very easy to sell, people mainly buy it for commercial services business.

Infrastructure is built in the land sale area of ​​Nhan Son commune, Do Luong. Photo: Van Truong.

Some other communes had quite good land auctions such as Boi Son commune successfully auctioned 50 land lots for 27 billion VND, Yen Son commune successfully sold 32 land lots for 20 billion VND.

Communes in difficult semi-mountainous areas such as Nhan Son commune organized auctions for nearly 60 plots of land and sold over 70% of them. According to some people in Nhan Son, the auction area was planned near the commune center, especially near the market, so it attracted a large number of buyers.

Mr. Hoang Van Hiep, Vice Chairman of Do Luong District People's Committee, said: The province assigned a target of 100 billion VND, but in 2017, Do Luong reached 149 billion VND in land auctions (exceeding the target of 49 billion VND). The revival of the land market can be explained by the loosening of some credit policies. Right at the market and town points, people have increased demand to buy for commercial services. Although the selling price has been adjusted, it is still at a reasonable level.

To limit land brokers, the district has proposed solutions such as setting starting land prices close to market prices, disseminating to people about legal regulations not to "cooperate" with land brokers; and mobilizing security forces to protect before, during and after land auctions.

Van Truong