Binh Dinh auctions to find investors for residential project worth over 1,700 billion VND

The land plot for the Residential, Service and Education Project west of Tay Son Street, over 6.3 hectares wide, will be auctioned for land use rights on December 21, 2024. The starting price of the land plot is over 558 billion VND.

The land plot for the Residential, Service and Education Project west of Tay Son Street, over 6.3 hectares wide, will be auctioned for land use rights on December 21, 2024. The starting price of the land plot is over 558 billion VND.

Planning of Residential, Service and Educational Area Project West of Tay Son Street.

The Property Auction Service Center (Department of Justice of Binh Dinh province) has just announced the auction of land use rights to implement the Residential, Service and Education Area Project west of Tay Son Street.

Accordingly, the auctioned land belongs to the Binh Dinh Transport Vocational Training Center and adjacent areas located in Quang Trung Ward, Quy Nhon City. The land area is over 6.3 hectares, of which the land area for building adjacent houses is over 2.5 hectares; the land for commercial and service works is over 0.4 hectares...

The project scale includes 238 adjacent residential lots (investors must build the rough construction and complete the exterior, maximum height of 4 floors); construct commercial service buildings for tourism activities, office business (maximum height of 5 floors).

In addition, the investor must be responsible for investing in completing the technical infrastructure of the educational land with an area of 0.4 hectares; paying money equivalent to the value of the land fund invested in building the technical infrastructure system to build social housing (the land fund is set aside for 20%, about 0.5 hectares for developing social housing).

According to the Property Auction Service Center, the starting price of the property is over VND 558 billion, with a step of 5% (over VND 27.9 billion). The auction will be held at 8:30 a.m. on December 21, 2024, at the Property Auction Service Center Hall, No. 37 Phan Dinh Phung Street, Quy Nhon City, Binh Dinh Province.

The project implementation cost is 1,144 billion VND (excluding land use fees for winning the land use right auction). The project implementation progress is within 48 months from the date of the decision to recognize the auction results or approve the investor.

Source: https://baodautu.vn/batdongsan/binh-dinh-dau-gia-tim-chu-dau-tu-du-an-khu-dan-cu-hon-1700-ty-dong-d231076.html