HCMC – The northern city of Haiphong will auction a tourist resort project on Cat Ba Island with a reserve price of VND3,063 billion, said local news reports.
This price is VND900 billion higher than the level at the November 2022 auction.
Covering 45 hectares of land, the tourism, commercial and service complex project allocates 17.3 hectares for trading and services, with a one-off payment for a 70-year lease.
The designated land parcel is earmarked for the development of shophouses, condotels, hotels, and restaurants, with the potential capacity to accommodate up to 6,500 staying guests when the project is operational.
Interested investors can register for participation in the auction from now until March 18, with a deposit of VND600 billion required. The auction is scheduled to take place on March 21 at the Haiphong City Property Auction Service Center.
Haiphong conducted an auction for this project with a starting price of VND2,125 billion, but unsuccessfully.
