The land has cooled down, many investors have quietly “turned the car” and put down the deposit

In the months between 2021 and early 2022, the real estate market in the central provinces in general and Quang Tri in particular recorded a record “hot” when land prices exceeded the floor.

However, unlike some areas when buyers and sellers of land are crowded like “treat festival”, many localities in Quang Tri province also have “headaches” because of a series of land lots after completing auction procedures, Customers accept to drop the deposit, do not pay enough money to win the land use right auction.

Exchange with PV VietNamNetHoang Tan Cuong – Director of the Project Management Board for Construction Investment and Land Fund Development in Cam Lo District (Quang Tri Province) said that the Chairman of the District People’s Committee Tran Tuan Anh had just signed a decision to cancel the auction results of the right to use the land. land use for 11 land lots in Cam Lo town and Cam Tuyen commune.

In April 2022, Cam Lo District People’s Committee issued a decision approving the results of the third land use right auction, 2022 for 27 land lots in Cam Lo town and Cam Tuyen commune.

It is worth mentioning that Cam Tuyen commune is in the mountainous area of ​​Cam Lo district, during the land auction process, the government offered a starting price of 250 million VND for a land plot of 450m2, but the winning result was an urgent lot. 4 times the starting price.

Of the 27 land lots that won the auction, 11 were announced with a winning value of nearly 18 billion VND with a deposit of 1.3 billion VND. However, after winning the auction, the land buyers did not pay enough money to win the land use right auction according to the regulations but silently “turned the car”, accepting the deposit.

“According to this decision, the entire amount of this 1.3 billion dong is remitted to the district budget; The canceled land lots that won the auction will be put into the auction in the following rounds,” said Mr. Cuong.

Previously, in mid-2021, the mountainous district of Dakrong (Quang Tri province) held an auction of land use rights in lots on both sides of the T4 route, Krong Klang town.

At that time, the average starting price of each plot of land was more than 200 million VND, but the winning price at auction ranged from about 400 million VND to more than 700 million VND.

However, up to 8 customers won the bid 3-4 times higher than the starting price, but then did not pay enough winning money, forcing the locality to make a decision to cancel the result.

Also at the end of 2021 and the beginning of 2022, the People’s Committee of Dong Ha City held an auction of land lots located in the Residential Area West of Lock Bao Street (Ward 3, Dong Ha City) and the North Hieu River Resettlement Area (Dong Thanh Ward) ).

As a result, the total number of land plots winning the auction was 58 lots on a total area of ​​more than 12,500m2 with a total winning amount of more than 191 billion VND.

According to regulations, within 30 days from the date on which the Dong Ha Cam Lo Regional Tax Department issues the notice, the auction winner must pay in full.

Because there were 9 customers who did not pay enough money, on January 28, 2022, the People’s Committee of Dong Ha City decided to cancel the recognition of the winning results of the auction of 2 land lots in the West Residential Area of ​​Lock Bao Street and 7 land lots. in the North Hieu River Resettlement Area.

Pushing prices sky-high to create a virtual market?

According to PV’s research, the status of depositing in winning the auction of land use rights; Buying, selling, and transferring land use rights in Quang Tri has been quite common in recent times.

A leader of the Department of Natural Resources and Environment of Quang Tri province said that the above situation stems from many reasons, but the main core is still due to the recent time, after the “crazy” land fever, the real estate market is falling. due to the difference in usage demand and tight cash flow from banks for real estate business.

“Especially, the fact that commercial banks review and tighten the lending process; State agencies strengthen management work, especially for the application of laws, such as the law regulating land use purpose change, land division, subdivision of plots for sale, etc. land “blows virtual value, creates real estate bubbles”, this person shared.

Meanwhile, the leader of Cam Lo District People’s Committee said that after the land plots were won at high prices, there was a land fever in the vicinity.

“Maybe this is a trick of investors. Before that, they bought land around the auction area, then participated in the auction at a high price, then blew up the price of land around it to sell.

If you can sell it, then you can always put the deposit on the winning lot”, the leader of Cam Lo District People’s Committee informed.

It is a fact that the high auction and then the deposit, not only causes local land fever, but also affects the plans, targets and revenue from the local land auction.

In the face of the above-mentioned situation of depositing, Cam Lo District People’s Committee will review whether the starting price when the land auction is reasonable, and at the same time create an additional clean land fund for auction, ensuring that the revenue from the land use auction has been paid. assigned.

As for the Dakrong District People’s Committee, the next land auction will raise the deposit price from more than 10% to a frame rate of 20% so that if the customer leaves the deposit, the budget will also get a relative amount. .

Quang Thanh