The “auction” of the HUD Me Linh project, the level of nearly 60 million VND is too high?
Newly established price level
Recently, investors have been excited about the real estate project of Thanh Lam – Dai Thinh New Urban Area 2, in Me Linh district (Hanoi), by the Housing and Urban Development Investment Corporation (HUD). as an investor, selling goods in the form of public bidding.
Accordingly, the auctioned products are still 202 low-rise houses with rough construction, finishing the exterior, formed in the future, associated with the right to use residential land with infrastructure. In which, 56 detached villas; 26 duplex villas; 120 garden houses.
Specifically, the type of garden house with an area of 102 – 159m2, the starting price ranges from 4.2 – 8.3 billion VND, equivalent to 40.7 – 51.1 million VND/m2; duplex villas area from 210 – 305.5m2, starting price ranges from 7.7 – 13.1 billion VND, equivalent to 36.7 – 47.4 million VND/m2; Single villas with area from 362 – 410m2, starting price ranges from 12 – 18.9 billion VND, equivalent to 39.5 – 50.3 million VND/m2.
On June 2, 202 low-rise houses were opened for sale in the form of bidding, with 225 individuals/organizations participating, the deposit amount was from 500 million to 1 billion dong. At the end of the auction, many brokers passed on the buying results, some apartments were only a few hundred million dong different from the starting price, notably, there were many apartments with a difference of several billion dong.
Photos are hand-delivered by brokers.
Accordingly, the types of garden houses and duplex villas are mostly modest compared to single villas. For example, a garden house has an area of 104m2, the road in front of 5.8m, the starting price is 4.84 billion VND, the winning price is 5 billion VND, the difference is 160 million VND, equivalent to 48 million VND/m2. Another garden house, with an area of 104m2, located on 2 sides of the road 5m and 13.5m, has a starting price of 4.63 billion VND, the purchase price is 5.26 billion VND, a difference of nearly 630 million VND, equivalent to 50. 5 million VND/m2.
In the type of duplex villa, a villa with a land area of 250m2 is located on two streets of 10.5m and 7.5m, the starting price is 8.59 billion VND, the purchase price is 8.67 billion VND, the difference is about 80 million VND, equivalent to 34.7 million VND/m2. Another villa with an area of 302.5m2, starting price 12.62 billion VND, buying price 14.73 billion VND, difference 2.11 billion VND, equivalent to 48.78 million VND/m2, because it is located in Corner lot location should have a much higher price.
Notably, in the type of detached villas, many huge price differences have been offered. For example, a villa with an area of 410m2 in a corner lot location, the starting price is 18.9 billion VND, the purchase price is about 23.17 billion VND, the difference is nearly 4.3 billion VND, equivalent to 56.5 million VND. /m2. Two other villas with the same area of 362m2 are located in the corner lot, the starting price is about 18.2 billion VND, the purchase price is 21.1 billion VND, the difference is 2.9 billion VND, equivalent to 58.3 million VND/ m2.
After buying, many brokers and investors have offered to sell on Facebook groups with prices ranging from a few hundred to billions of dong. However, if you compare the purchase price from the investor, it has exceeded the price in the area being sold from 10 to 20 million VND/m2.
An investor present at the auction said that this price is much higher than the surrounding area. “While the market is slowing down, wait for a while until the auctions in Me Linh, investors can buy cheaper prices,” this investor said.
Mr. CH, an investor in Hanoi, said that if all the plots are successfully sold to the new owner, it is likely that the land price in Me Linh will establish a new ground.
Old stories repeat?
From an expert perspective, Mr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, said that the price of this transaction is being expected by investors too high.
“Just in this project the absorption rate is 50%, with the price offered by the investor, it is a great success for the investor. This project is independent and has infrastructure, but only in the urban area, but in terms of the overall area, the infrastructure in Me Linh area has not been synchronized to achieve such a price. I think that the price is a bit virtual, it is easy for investors to buy it.
Scenes outside the bid session area.
Many investors who spend money in Me Linh are also having great expectations for the Ring 4 route, however, the construction has not yet started, and it takes many years to build a new road to the Me Linh area. Besides, this route alone cannot push the price in this area so high,” Dinh said.
Mr. Nguyen The Diep, Standing Vice Chairman of the Vietnam Real Estate Club, said that in the past time, there have been proposals of Me Linh to the city directly under the capital. With the price of 40 – 60 million dong in the real estate market, it is not high, but in Me Linh at the moment, it is high compared to the common ground.
“It is also possible that investors participate to make prices, blowing up land prices in the area. Especially, in the past time, the real estate credit tightening also caused the market to cool down, it is likely that the story of “depositing” will be repeated”, Mr. Diep said.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
