Friday,  Apr 19, 2019,21:48 (GMT+7) 0 0
HCMC to auction five land lots in Thu Thiem
The Saigon Times Daily
Friday,  Jan 18, 2019,12:20 (GMT+7)

HCMC to auction five land lots in Thu Thiem

The Saigon Times Daily

An aerial view of the Thu Thiem New Urban Area project under development in HCMC's District 2. The HCMC government will auction five land lots in the project - PHOTO: THANH HOA

HCMC - HCMC vice chairman Tran Vinh Tuyen has assigned the Department of Finance to coordinate with the Thu Thiem New Urban Area Management Board and other relevant agencies to propose the starting price for five land lots, part of the Thu Thiem New Urban Area project in Binh Khanh Ward in HCMC’s District 2, as the city intends to put them up for auction, according to a report in Nguoi Lao Dong newspaper.

The municipal vice chairman agreed that the starting price would not include value-added tax to ensure the effectiveness of the auction and compliance with the law.

The city government also asked the Department of Finance to consult other relevant departments and agencies and propose rates for 1,080 apartments in the resettlement area of the project in Binh Khanh Ward, which includes a total of 12,500 apartments. The price will not include the costs of infrastructure projects or the loan interest after compensating households affected by the project and handing over land to investors.

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