Who was violent in the Thu Thiem land auction?
After the information about the Group’s boss Tan Hoang Minh wrote a “letter” asking to remove the deposit, causing a stir last week. Thu Thiem real estate became the focus of public attention.< /p>
Especially when looking back at the auction of 4 plots of land on December 10, 2021, we can see that owner Tan Hoang Minh boldly paid 244 billion VND for 1 m2 of Thu Thiem land but the enterprise won the auction The remaining 3 land plots are also very “expensive”.
Commenting on the auctions of the 4 land plots, leaders of the Ho Chi Minh City Real Estate Association (HoREA) said that this is an auction of land plots with high potential. the largest value to date with the winning price up to 37,346 billion VND, 709 times higher than the starting price of the auction.
Starting price winning auction price point and winning unit of 4 golden land plots
| Number of plots | Price starting price | Winning price compared to starting price | Auction winning land unit price in m2 | Auction winning unit |
| Lot 3.5 | 578 billion VND |
3,820 billion VND 66 times higher |
592 million VND/m2 | Dream Republic Joint Stock Company |
|
Lot 3.8 |
1,018 billion VND |
4,000 billion VND 39 times more |
467 million VND/m2 |
Construction Sheen Mega Joint Stock Company |
|
Lot 3.9 |
728 billion VND |
5,026 billion VND 69 times more |
1003 billion VND/m2 |
< p>Binh Minh Investment Development and Trading Company Limited |
|
Lot 3.12 < /td> |
2,942 billion VND |
24,500 billion VND < p>83 times more |
243 billion VND/m2 |
Viet Star Real Estate Investment Company Limited |
|
Total |
5,266 billion VND |
37,346 billion VND 709 times |
Source: HoREA
It can be seen that among the land lots mentioned above, the lot value The land that Chairman Tan Hoang Minh has just asked to pay a deposit is 25-5 times larger than the remaining land plots if allocated by m2.
However, if calculated based on the criteria of land cost allocated to each apartment, it can be seen that Mr. Dung is not the most “bold” person. The plot of land that Mr. Dung won at the auction has the largest number of apartments allowed to be built.
|
Plot number |
Area |
Land use coefficient |
Number of floors |
Total useful floor area |
Winning price |
Winning land price calculated per m2 |
Winning unit auction< /p> |
|
Lot 3.5 |
6.446m2 |
2.31 |
10 floors |
12,000m2 |
3,820
billion VND |
592 million VND/m2 |
|
|
Lot< /strong> 3.8 |
8.561m2 |
2.92 |
14 floors |
20,000m2 |
4,000 billion VND < /td> |
467 million VND/m2 |
Sheen Mega Company |
|
Lot 3.9 |
5.009m2 |
3.99 |
14 floors |
16,000m2 |
< p>5,026
billion VND |
1003 billion VND/m2 |
Binh Minh Company |
|
Lot 3.12 |
10.060m2 |
8.95< /p> |
29 floors |
72,000m2 |
24,500 billion VND |
243 billion VND/m2< /p> |
Viet Star Company |
< p style="text-align:center">“Land use coefficient” is the factor that determines the maximum winning land price at auction (Source: HoREA)
|
Plot number |
Investor |
Winning land prices distributed by apartmentapartment |
Winning land price distributed according to m2 of construction floor |
Apartment price without VAT (predicted) |
Unit price for selling m2 of apartment floor without VAT (predicted)< /strong> |
|
Lot 3-5 |
Dream Republic Joint Stock Company |
– 4716 billion VND/unit – 592 million VND/m2 |
– 254 million VND/m2 – 318 million VND/m2 |
80 billion VND/unit |
666 million VND/m2 |
|
Lot 3-8 |
Joint Company Sheen Mega part |
– 3539 billion VND/unit – 467 million VND/m2 |
– 160 million VND/m2 – 200 million VND/m2 |
612 billion VND/unit |
510 million VND/m2 |
|
Lot 3-9 |
Binh Minh Investment Development and Trading Company Limited |
– 4653 billion VND/unit – 1003 billion VND/m2 |
– 251 million VND/m2 – 314 million VND/m2 |
786 billion VND/unit |
640 million VND/m2 |
|
Lot 3-12 |
Viet Star Real Estate Investment Company Limited |
– 4080 billion VND/unit – 243 billion VND/m2 |
696 billion VND/unit |
580 million VND/m2 |
>Winning land price structure distributed by apartment and “predicted” apartment selling price and per m2 of floor (VAT not included) (Source: HoREA).
“Bidding speed” is very fast “price step” is very large
The “bidding speed” is very fast and the value of each bid of some investors has a very large “price step” is a comment on the Thu Thiem “golden land” auctions by Mr. Le Hoang Chau – Owner Chairman of HoREA.
Refers to land lot 3-12 that the Chairman Tan Hoang Minh Group would like to remove the deposit, Mr. Chau said. There is a “price difference” of up to 700 billion VND. Some other investors could not “step in” to bid because the next bid was too valuable beyond the calculations of these investors, so only 06 to 13 investors were able to bid in each session. auction.
According to Mr. Chau, even some large real estate corporations participated in the auction but “did not have time” to bid at all, while the company that won the auction was just a mediocre enterprise. medium or just established a few years or even just established.
“The results of the Thu Thiem land lot auctions with the winning land price may have been pushed to a level too high compared to the price. Real value at the present time may not be beneficial to the stable and sustainable development of the real estate market,” Mr. Chau commented.
Talking withDan Tri Mr. Nguyen Quoc Anh – Deputy General Director of Batdongsan.com.vn – said that after Tan Hoang Minh’s request to remove the deposit, it is likely that the Thu Thiem real estate market will cool down in the short term. According to this person, the quiet time could be about a few months and the market will move into the listening phase. “As for deep excavation, it is very difficult because this area has a very beautiful location,” Mr. Quoc Anh said.
Previously on the afternoon of January 11, a representative of Tan Hoang Minh Group confirmed that Mr. Do Anh Dung, Chairman and General Director of Tan Hoang Minh Group sent a “letter” asking to terminate the contract to buy an auctioned land lot in Thu Thiem new urban area.
Explaining the unilateral termination of the contract, Mr. Dung said that to “ensure a stable part of the real estate business market and put the interests of the collective society first…”.
In the letter, Mr. Dung affirmed that after winning the auction, he and the group listened to a lot of public opinion and found that such a high winning auction result could lead to negative consequences. Especially after receiving comments from the Minister of Finance at the recent extraordinary session of the National Assembly.
Tan Hoang Minh’s request to remove the above deposit is causing conflicting views.
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