Land auction market in Nghe An is bustling since the beginning of the year
(Baonghean.vn) - According to information from the Provincial Property Auction Service Center (Department of Justice), right after the Lunar New Year holiday, the unit successfully auctioned 71/73 land lots in 4 planning areas in Do Luong, Nghia Dan and Cua Lo Town.
Specifically,Provincial Property Auction Service Center(Department of Justice) successfully auctioned 20 planned land lots at Dong Cay Mung (phase 4) Van Son commune, Do Luong; 15 land lots at Ma Phu 1 and Ma Phu 2 planning areas, Van Son commune, Do Luong; 22/24 land lots at Tan Hong block planning area, Nghia Dan town, Nghia Dan district and 14 lots in the planning area west and east of longitudinal road 2, Nghi Hoa ward, Cua Lo town.
Mr. Nguyen Ngoc Minh - Director of the Provincial Property Auction Service Center (Department of Justice) said: The results of the land auctions at the beginning of the year showed a positive signal for land auctions this year when more people participated in the auction. Accordingly, the planning area in Tan Hong block, Nghia Dan town sold 112 participating documents/24 lots; the planning area in Yen Son commune had 170 participating documents/15 lots; the planning area in Van Son commune had 169 participating documents/20 lots; the planning area in Nghi Hoa ward had 70 participating documents/14 lots. Although there are signs of improvement, it is not possible to confirm how the land auction market will be in the coming time and it is hoped that this positive momentum will be maintained so that land auctions will be more favorable.
In fact, due to the large number of participants in the auction, the auction results were quite high, with each lot after the auction increasing by 300-500 million VND compared to the starting price; in particular, there was a land lot in the planning area of Nghi Hoa ward, after the auction the difference compared to the starting price increased by over 1 billion VND (from 3.465 billion VND to 4.468 billion VND).
In total, 4 planning areas, after auction, exceeded the starting price by 28.4 billion VND, of which Van Son (Do Luong) exceeded 8.908 billion VND; in Yen Son commune (Do Luong) exceeded 8.359 billion VND; in Tan Hong block, Nghia Dan town exceeded 3.832 billion VND and in Nghi Hoa ward (Cua Lo town) exceeded 7.309 billion VND.
An organizing officer participating in the above auctions added: The reason why the above planning areas were auctioned with many participants was supported by positive information. For example, Van Son and Yen Son communes are associated with the planning of Do Luong, which is about to be recognized as a town, while in Tan Hong block, Nghia Dan town, based on the successful results of the first auction in 2023, this year attracted investors.
For the 14-lot planning area in Nghi Hoa ward, Cua Lo town, which was put up for auction in 2023 but the documents could not be sold, now due to the Urban and Entertainment Area project ofVingroup Corporationright next to the restart has had a positive impact on investor sentiment.
It is known that in 2023, through the signing of 275 contracts with a value of VND 2,334.157 billion in localities and units, the Property Auction Service Center under the Nghe An Department of Justice successfully auctioned 243 contracts with a starting value of VND 1,510.477 billion, auction value of VND 1,816.525 billion, exceeding the starting price of VND 306.047 billion, the increase rate compared to the starting price reached 20.26%./.
