Hanoi will publicly announce the highest bidder and then cancel the auction land deposit

In addition to the above information, a recent document from the Hanoi People's Committee also emphasized giving priority to enterprises participating in land auctions, on the condition that these must be units capable of implementing projects and using land effectively.

The Hanoi People's Committee has just issued a directive on land auctions in the area. Notably, the city's leaders requested the district-level People's Committees to make a list of cases where people paid higher than market prices to win the auction but did not pay according to regulations, causing market disruption.

This list will be made public on the district's information page and the Department of Natural Resources and Environment (DONRE).

Associations and groups openly sell land at higher prices and skim auctioned land. Photo: Thanh Vu

In addition, the city leaders also requested the police to consider professional measures to promptly detect violations in the auction of land use rights; instruct the People's Committees of districts, towns and cities to take measures to prevent violations of auction regulations from continuing to participate in auctions.

In addition to the above information, another noteworthy point in the document is that Hanoi requires localities to limit the organization of auctions to allocate land to individuals to build their own houses. Instead, the priority subjects for auctioning land use rights are organizations implementing investment projects, with sufficient capacity to implement and use land effectively.

The Department of Natural Resources and Environment is assigned to continue to preside over and coordinate with relevant units to speed up the progress of updating and adjusting the land price list, submitting to the City People's Committee for decision to adjust the land price list according to regulations; promptly update, coordinate, and guide the District People's Committees to remove difficulties and obstacles in the process of determining land prices.

Regarding the implementation and organization of auctions, Hanoi requires publicity and transparency in providing information about auctions on the central, city and local information systems according to regulations.

Districts, towns and cities shall organize land use right auctions to allocate land with land use fees and lease land in accordance with prescribed procedures; consider regulating price steps and auction forms (mandatory multi-round auctions) to ensure competitiveness and closeness to market prices.

Previously, public opinion was stirred by the news of forfeiting deposits for 55/68 auctioned land lots in Ngo Ba area, Thanh Cao commune, Thanh Oai district. The unpaid land lots all had very high winning prices, from over 60 - 100 million VND/m2. These figures are 5 - 8 times higher than the starting price and reached an unprecedented high level for the land market in Thanh Oai district.

Source: https://baodautu.vn/batdongsan/ha-noi-se-cong-khai-nguoi-tra-gia-cao-roi-bo-coc-dat-dau-gia-d225824.html