Hot Property: 650 Applications for 39 Land Plots in Hanoi Suburb

A recent land auction in Phu Tho district, a suburb of Hanoi, attracted significant interest from investors. The auction featured 39 plots in Trach My Loc and Tho Loc communes, with starting prices ranging from 19.8 million to 23.4 million Vietnamese dong per square meter (approximately $840 to $990 per square meter). The event drew in almost 400 bidders who submitted a total of 650 applications. Investors are particularly interested in the Dong Phuong area in Tho Loc commune, which is considered to be highly attractive. The auction was conducted using a single-round bidding process, resulting in a quicker conclusion than previous auctions.