More than 200 plots of land in Nam Dan were auctioned at nearly double the starting price.

Nguyen Hai DNUM_BFZAFZCACE 11:03

(Baonghean.vn) - The Property Auction Service Center (Department of Justice) has just successfully auctioned over 202 land lots in Xuan Lam and Nam Nghia communes (Nam Dan), thereby increasing budget revenue by nearly double compared to the starting price.

Specifically, on May 5,Property Auction Service CenterAuction held at 3 land lots with a total of 202 plots.

Xuan Lam commune has 108/111 lots in Tu Hoa area, area 21,918 m2; Nam Nghia commune has 94 lots, of which 57 lots are planned in Ba Hang and 23/37 lots in Nuong Rong are put up for auction.

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The operator announced the auction results in Xuan Lam commune, Nam Dan district. Photo provided by the facility

As a result, after a period of announcement according to regulations, the planning area in Xuan Lam had 1,057/1,057 applications participating in the auction, an average of nearly 10 applications participating in the auction for 1 lot; Nam Nghia commune had 682/682 applications participating in the auction.

After the announcement ceremony, Xuan Lam commune successfully auctioned 108/108 lots with a total winning bid of 126.92 billion VND, a difference of 58 billion VND compared to the starting price, including lots that doubled the starting price.

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People participate in land auction in Nam Nghia commune, Nam Dan district. Photo: Provided by the facility

Meanwhile, in Nam Nghia commune, 70 plots of land were auctioned, of which 32 plots were auctioned in Ba Hang area, earning 67.622 billion VND, a difference of 28.321 billion VND compared to the starting price; 23 plots were auctioned in the planning area in Nuong Rong, with a total winning bid of 27.285 billion VND, a difference of 5.65 billion VND compared to the starting price.

Mr. Nguyen Ngoc Minh - Director of the Property Auction Service Center said: This is the locality with a record number of people participating in land auctions since the beginning of the year. In total, the 3 planning areas of the 2 communes above in Nam Dan have over 1,600 participating documents. Although there were many participants in the auction, thanks to the careful preparation for the auction and the active support of the commune government, the procedure for announcing the auction ballots was completed in 1 session. Combined with a number of previous auctions organized by the Center in Dien Chau and Do Luong, the land auction market has recovered positively.

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Overview of the land auction in Xuan Lam commune, Nam Dan district. Photo: Provided by the facility

It is known that Xuan Lam is a commune that has just achievednew rural model, and Nam Nghia commune is located over 5 km from the center of Nam Dan district, but these two communes are the locations planned to implement large investment projects, so they attract many investors from districts in the province to participate.

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More than 200 plots of land in Nam Dan were auctioned at nearly double the starting price.
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