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leave the stake
80% of auctioned land lots in Ha Dong have deposits forfeited
After the deadline for payment, 22 out of 27 auctioned lots in Ha Dong district last year had their deposits forfeited.
Hanoi re-auctions land series that were once 'paid 30 billion VND per square meter'
Soc Son District (Hanoi) will re-auction 36 land plots that were unsuccessfully auctioned because they were destroyed by subjects when a plot was offered 30 billion VND per square meter.
Hanoi re-auctions 54 land lots that were paid 100 million VND per square meter and then forfeited the deposit
Thanh Oai District (Hanoi) is about to re-auction 54 land lots in Thanh Cao Commune that were paid 80-100 million VND per square meter and then had their deposits canceled in 2024.
What loopholes cause land auctions to be continuously unstable?
The unprecedented low deposit level due to changes in the starting calculation method and the lack of deterrent penalties have led to widespread acts of manipulation and collusion in land auctions.
Paying up to 30 billion VND per square meter for an auctioned land lot in Hanoi and then forfeiting the deposit
Yesterday's land auction in Soc Son district, Hanoi recorded 3 lots with bids of up to 30 billion VND per square meter, but then the bidders withdrew their deposits.
Customer who deposited for a car license plate with five 6s from Ha Tinh won the auction for 10 billion VND
The most beautiful license plate is the one with five 6s (38A-666.66) that won a bid of more than 10 billion VND but the customer abandoned the deposit.
Many auctioned land lots have not been paid yet, showing signs of deposit cancellation
Some auction winners have not paid land use fees on time according to auction regulations, showing signs of abandoning deposits, causing negative public opinion.
After 3 auctions, the license plate 30K-999.99 is only worth over 22 billion VND.
License plate 30K-999.99 was auctioned again for the third time and was paid 22,370 billion VND.
After the deposit cancellation, the highest auctioned land price in Hanoi is under 50 million VND/m2.
32 plots of land were auctioned by Me Linh district (Hanoi), the highest winning price was 48.9 million VND/m2, nearly double the starting price. The lowest winning price was 33.3 million VND/m2.
Auctioned land in Thanh Oai, Hanoi: 55/68 lots with deposits, one lot is 100 million VND/m2
The deadline for payment of 68 auctioned lots in Thanh Oai has expired, but only 13 lots have been paid in full, the rest have forfeited their deposits.
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